Dear CoinEx users,
According to the official announcement of BTT (BitTorrent), BTT Team has released the plans for BTT (BitTorrent) token splitting and smart contract swap on Dec 6, 2021 (UTC). As arranged, CoinEx will swap the old BTT tokens splitting with the new BTT tokens at the ratio of 1:1,000. The details are as follows:
1. CoinEx had suspended the crypto loan service in BTT/USDT Margin market at 10:00 Dec 24, 2021 (UTC).
2. For users with to-be-repaid loans in BTT/USDT Margin market, the forced repayment will be systematically triggered at 03:00 Dec 28, 2021 (UTC). Please make sure to pay off all your loans before 03:00 (UTC) in case of forced repayment.
3. CoinEx will suspend BTT/USDT Margin trading services and cancel all orders in the market at 03:00 Dec 28, 2021 (UTC), and cancel all market orders.
4. CoinEx will delist BTTUSDT Linear contract at 03:00 Dec 28, 2021 (UTC). During delisting, the trading service of this contract will also be suspended and all orders will be cancelled. Meanwhile, all positions of this contract will be forced liquidated according to the Mark Price at 03:00 (UTC).
5. CoinEx will suspend the deposit and withdrawal services of BTT at 03:30 Dec 28, 2021 (UTC).
6. CoinEx will cancel orders in BTT/USDT, BTT/USDC, BTT/BTC trading markets, delist these markets and remove ALL orders at 04:00 Dec 28, 2021 (UTC).
7. CoinEx will resume the deposit and withdrawal services of BTT at 07:00 Dec 28, 2021 (UTC).
8. After splitting and contract swap, CoinEx will re-list BTT/USDT and BTT/USDC trading markets at 07:30 Dec 28, 2021 (UTC).
Opening method: Call Auction
a. Call Auction
07:30-08:20 Dec 28, 2021 (UTC) Orders can be placed and canceled
08:20-08:30 Dec 28, 2021 (UTC) Orders can be placed but cannot be canceled
08:30 Dec 28, 2021 (UTC)
ID of Old Token (TRC10)
New smart contract address (TRC20)
1. Afterward, all deposits of the OLD BTT tokens CANNOT be credited to your account. Please confirm the BTT token type before deposit.
2. Please stay tuned for the resumption of BTT Margin and Futures trading services.
CoinEx reserves the right of final interpretation of this announcement.
Dec 24, 2021
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