In order to facilitate the token swap for KNC, Bitrue has suspended deposits and withdrawals for this coin. Trading will remain open until February 25th and we encourage users to cancel any open orders that they may have on KNC pairs. Any remaining open orders on the 25th at 07:00 UTC will be cancelled automatically.
Bitrue will receive the updated KNC tokens from the KNC team and will swap them on behalf of our users. Users do not need to do anything extra to complete the swap. The amount of new tokens received by individual users will be according to the following formula:
Amount received = Amount of V1 KNC owned at swap time / Total V1 KNC held by Bitrue at swap time * Total V2 KNC received by Bitrue in the swap.
When the swap has been completed we will restore all previous KNC functions. At that time, please DO NOT deposit any old KNC tokens to Bitrue as they will be irretrievably lost.
The contract address for the new KNC token is: https://etherscan.io/token/0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202LINK
For further updates please follow our Twitter account at @BitrueOfficial