OKX, a cryptocurrency trade, has introduced its help for the migration of the ZK token to the unutilized ZKJ token, in keeping with the authentic token renaming plan through Polyhedra. This switch will happen at a 1:1 ratio, making sure seamless conversion for all holders.
Main points of the Switch
The migration procedure is about to start on June 14 at 8:00 AM (UTC). All over this while, all current ZK orders will probably be canceled, and the ZK/USDT spot buying and selling pair will probably be delisted. This travel is a part of OKX’s efforts to facilitate a clean transition for its customers.
Upon of entirety of the switch, customers’ holdings of ZK tokens will routinely be transformed to ZKJ tokens. The buying and selling agenda for the newly renamed ZKJ will probably be introduced through OKX at a then future, offering customers with latest data on when they may be able to start buying and selling the unutilized token.
Chance Concerns
OKX has issued a chance threat emphasizing that the equipped data is for tutorial functions best and would possibly come with knowledge from third-party resources. The trade does now not oath the accuracy or completeness of the ideas and advises customers that virtual belongings are extremely speculative and matter to important volatility. Traders are inspired to accomplish their very own analysis and assess their chance tolerance ahead of enticing in buying and selling actions.
For additional main points at the phrases of provider and chance compliance, customers can please see OKX’s authentic documentation on their web page.
Business Context
The migration of tokens is a habitual prevalence within the cryptocurrency business as tasks evolve and replace their protocols. Not too long ago, alternative important token migrations have incorporated the transitions of prevailing tokens reminiscent of VeChain (VET) and ICON (ICX). Those migrations are ceaselessly aimed toward bettering the underlying generation and offering higher use and safety for customers.
Because the business continues to develop, such transitions are anticipated to grow to be extra common, with exchanges like OKX enjoying a a very powerful position in making sure that the method is as clean and clear as conceivable for his or her customers.
For more info, readers can seek advice from the authentic [OKX](https://www.okx.com/help/okx-to-support-zk-token-migration) announcement web page.
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