DearKuCoinUsers,
FollowingtheannouncementfromthePaxosteam,KuCoinwillautomaticallycompletethetickerupdatetoalleligibleuserswithPAXbalancesonKuCoinandbeginthedistributionofUSDP.
Thearrangementsareasfollows:1.KuCoinwillclosethewithdrawalanddepositservicesofPAXat08:00:00onJune13,2022(UTC).2.KuCoinwillhalttradingforallPAXtradingpairs(USDT/PAX,ETH/PAX,BTC/PAX,XRP/PAX)at08:00:00onJune14,2022(UTC).Werecommendthatyoucancelyourpendingorderspriortothetimementioned.3.Tocompletetheupdate,at12:00:00onJune14,2022,KuCoinwilltakesnapshotsoftheusers’PAXbalancesandbeginthedistributionofUSDPtoalleligibleusersataratioof1PAX:1USDP.
Pleasenote:
1.Minimumholdingforeligibility:1PAX
2.ThesnapshotwillincludePAXbalancesinSpotaccounts(MainAccountTradingAccount).
3.PAXtokensthatwereinpendingdepositorwithdrawalatthetimeofthesnapshotwillnotbecountedtowardsyourPAXbalance.
4.Aftertheupdateiscompleted,thePAXtokenwillnolongerbesupportedonKuCoin.
Forfurtherinformationaboutthistickerchange,pleaserefertotheOfficialAnnouncement.
Thankyouforyoursupport!
TheKuCoinTeam
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