Dear CoinEx users,
According to the project's rebrand announcement, CoinEx will support the DERC (DeRace) token swap and rebranding to ZERC (zkRace) at a ratio of 1:1. To ensure our user's asset security, deposit and withdrawal services of DERC will be suspended for a designated period. The details are as follows:
DERC Services
1. The deposit and withdrawal services of DERC have been closed.
2. AMM fund in DERC/USDT trading pair will be refunded at 02:30 on May 23, 2024 (UTC).
3. DERC/USDT market will be delisted and ALL orders in this market will be canceled at 03:00 on May 23, 2024 (UTC).
ZERC Services
1. Deposit and withdrawal services of ZERC will be opened at 08:00 on May 23, 2024 (UTC).
2. CoinEx will list ZERC/USDT trading pair at 08:00 on May 23, 2024 (UTC) and support Automated Market Making (AMM) after starting trading.
3. Opening method: Call Auction
a. Call Auction
08:00-08:20 May 23, 2024 (UTC)
Orders can be placed and canceled
08:20-08:30 May 23, 2024 (UTC)
Orders can be placed but cannot be canceled
b. Trading
08:30 May 23, 2024 (UTC)
DERC (ERC20) smart contract address
0x9fa69536d1cda4A04cFB50688294de75B505a9aE
ZERC (ERC20) smart contract address
0xf8428A5a99cb452Ea50B6Ea70b052DaA3dF4934F
Attention
1. After completing the swap, deposits of DERC will NOT be credited to your account, so please confirm again before depositing.
2. During the suspended period, all unexecuted DERC orders will be systematically closed, and related assets will be returned to your spot account.
3. For more details, please refer to: $DERC to $ZERC: Step-by-step Swap Guide
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
May 22, 2024