The timeline is as shown below:
- At 2022-07-03 03:00 (UTC), MEXC will suspend RAMP/USDT isolated margin borrowing.
- At 2022-07-04 03:00 (UTC), MEXC will close all RAMP margin positions, conduct an automatic settlement and cancel all pending RAMP margin orders, and then delist the RAMP/USDT isolated margin trading pair. A separate announcement will be made for relisting.
- At 2022-07-04 03:00 (UTC), MEXC will delist RAMP/3L and RAMP/3S trading pairs. A separate announcement will be made for relisting.
- At 2022-07-04 04:00 (UTC), MEXC will delist the RAMP/USDT spot trading pair and cancel all pending RAMP spot trade orders.
- At 2022-07-04 04:00 (UTC), deposits and withdrawals of RAMP will be suspended. Please ensure that you leave sufficient time for your RAMP deposits to be fully processed prior to this time.
- After the completion of token swaps, MEXC will open trading for the LEVER/USDT spot trading and notify users in a separate announcement.
- MEXC will distribute LEVER to all eligible users at a ratio of 1 RAMP: 35 LEVER.
- MEXC will make a separate announcement after the token swap is complete to notify users when deposits and withdrawals of LEVER will be opened.
- The ownership percentage of existing RAMP holders will not be diluted with the token swap, as there will be no minting of additional tokens.
- The maximum token supply of LEVER will be 35 billion, with the same token emission schedule as RAMP.
- New LEVER (ERC-20) contract address: 0x4B5f49487ea7B3609b1aD05459BE420548789f1f
Risk Warning
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.
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Enjoy trading on MEXC.
The MEXC Team
29 June 2022
