FurthertoourannouncementearlierthismonthtotemporarilysuspendtradinganddepositsinAllianceBlock(ALBT)tokensfollowinganexploitthatresultedinthelossofmillionsofALBTtokens,BitfinexwillbesupportingtheAllianceBlockFoundation’sairdropofAllianceBlockNexeratokens(NXRA)tocertainALBTholders.
Bitfinexcustomersareexpectedtoreceive1NXRAtokenforevery1ALBTtokenheldintheirexchangewalletatthetimeofthe“snapshot.”TheAllianceBlockFoundationsetthe“snapshot”at1stFebruary2023at10:04PMUTC,atblockheight#16536830.AllianceBlock'sairdropdistributionproposalvariesbetweenstakeholders.Theairdropeligibilitycriteriawerebasedonseveraldifferentfactorsincludingbutnotlimitedtostakeholderclassification(CEXusers,DEXusers,Holders,Stakers,LPProviders,Buyers,Sellers,Traders,etc.)andthetimetheyconductedtheiractivities(beforesnapshot,betweensnapshotand24hoursafterAlianceBlock'sTwitterAnnouncement,and24hoursafterAlianceBlock'sCommunityUpdate).GiventhenatureofCEX'soperations,AllianceBlockadvisedthemtosettheirowndistributionmethodologythatfitsbestwithintheiroperations.Thus,Bitfinexchosetheabovementionedmethodology,whichwebelieveisfairandcoversthemostaffectedusers.TheAllianceBlockFoundationhasannouncedthatNXRAwillfullyreplacetheALBTtoken,andthattheALBTtokenwillbefullydeprecatedandhavenomoreutility,withNXRAtakingoverallitsutilityandproperties.TheNXRAairdropisexpectedtotakeplaceat11.00AMUTCon23rdFebruary2023.WeexpectthatcustomersofBitfinexwillreceiveNXRAintheiraccountsshortlyaftertheairdrop,subjecttoreceiptoffundsfromtheAllianceBlockFoundation.DepositsandtradingwithUSDareexpectedtoopenatapproximately11:00AMUTCon23rdFebruary2023andwithdrawalsatapproximately11:30AMUTCon24thFebruary2023.TheAllianceBlockFoundationreportsthemaximumtokensupplyofNXRAis850,000,000NXRA.?
ALBTTokentradinganddepositswillremainsuspendeduntilfurthernotice.
Note:BitfinexwillsupportNXRAontheEthereumnetworkonly.MoreinformationontheNXRAtokenisavailableontheofficialwebsite.
Forward-LookingStatements
Certainstatementsinthisannouncementmaybeforwardlookinginnature.Thewords“believe,”“expect,”“estimate,”“could,”“should,”“intend,”“may,”“plan,”“seek,”“anticipate,”“project”andsimilarexpressionsamongothers,generallyidentify“forward-lookingstatements,”whichspeakonlyasofthedatethestatementsweremade.Themattersdiscussedintheseforward-lookingstatementsaresubjecttoanumberofrisks,trendsanduncertaintiesthatcouldcauseactualresultstodiffermateriallyfromthoseprojected,anticipatedorimpliedintheforward-lookingstatements.NoneofBitfinexnoranyotherperson(includingTether)isresponsibleforupdatingorrevisinganyforward-lookingstatements,whetherasaresultofnewinformation,futureeventsorotherwise,exceptasrequiredbylaw.
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