Attention to Delisted Token Holders: Conversion Process Begins, Last Withdrawal Date Approaching

quiet_lurker · 2026-01-12T10:39:34+00:00

A significant development in the cryptocurrency industry allows users to convert delisted tokens for USDC until March 2, 2025. Users have until September 1, 2024, to withdraw their tokens, after which transfers won't be possible.

quiet_lurker

2026-01-12 10:39:34

Abstract generation in progress

A significant development is happening in the cryptocurrency industry. A conversion process is being implemented for wallets holding some previously delisted digital assets. This process will give users the opportunity to swap their delisted tokens for USDC.

How Will the Conversion Process Work?

All users holding any of the specified tokens will see an equivalent amount of USDC in their wallets by March 2, 2025. However, there is one final step before this happens: users will have the ability to withdraw these tokens directly. This right will be valid until September 1, 2024, at 23:59 (UTC).

After the final withdrawal date, it will no longer be possible to transfer these tokens from the account. Therefore, holders of these assets should make the necessary decision before the specified date.

Which Tokens Are Affected?

The list of assets subject to conversion is quite extensive:

Mining and Proof-of-Work: Bitcoin Gold (BTG), Bitcoin Standard Hashrate Token (BTCST)
Blockchain Platforms: Bitshares (BTS), Groestlcoin (GRS)
DeFi and Protocol Tokens: Hegic (HEGIC), Spartan Protocol (SPARTA), Tribe (TRIBE)
Privacy and Network Tokens: MobileCoin (MOB), Monero (XMR), Navcoin (NAV)
Other Assets: District0x (DNT), Monetha (MTH), Multichain (MULTI), Sologenic (SOLO), Symbol (XYM)

How Will the Conversion Rate Be Determined?

An important point: the conversion will be based on the average token-USDC rate between September 2, 2024, and March 2, 2025. This means a standard conversion rate will be used for each token, not the current market price.

Users will receive notification emails about this process starting from August 20, 2024.

Important Dates and Restrictions

The timeline for necessary actions is as follows:

September 1, 2024 (23:59 UTC): Last moment to withdraw tokens
September 2, 2024 - March 2, 2025: Period for calculating the average rate and performing conversions
March 2, 2025: Conversion ends, USDC transfer occurs

During this process, depositing funds into these tokens is not available. Additionally, until the conversion is complete, users will not be able to transfer these assets to other addresses from their wallets.

What Actions Are Required?

Affected token holders have two main options: either withdraw their tokens before the deadline or wait for the conversion process to complete. It is important to act within the specified dates regardless of the choice.

TOKEN-1,34%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.