Crypto.com Supports KNC Token Migration

Published on: 01.06.2021

Crypto.com is supporting the Kyber Network (KNC) Token Migration.

Deposit and Withdrawal Suspension
KNC deposits and withdrawals will be temporarily suspended on 4 June 2021, 02:00 UTC.

KNCL-KNC Migration Details
The old token, re-labelled as KNC Legacy (KNCL), will no longer be available. Your balance will be migrated to the new token, which will retain the original ticker, KNC. KNC remains an ERC20 token.

New KNC Token Contract:0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202

Migration Ratio: 1-to-1 (1 KNCL token will be migrated to 1 new KNC token)

After the migration is complete, we will only support KNC on their platform.

KNC trading will not be affected by the migration. KNC deposits and withdrawals will be enabled once the network proves to be stable. Go to status.crypto.com for updates.

What is Kyber Network?

Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.

What is Crypto.com?

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 10 million customers today, with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s most widely available crypto card, the Crypto.com Exchange and Crypto.com DeFi Wallet.

📰 INFO:

https://blog.crypto.com/crypto-com-supports-the-kyber-network-knc-token-migration/

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