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CoinSavi Announces VET3L Token Migration
CoinSavi Announces VET3L Token Migration

CoinSavi Will Merge the VET3L Leverage Token

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Written by CoinSavi
Updated over 2 weeks ago

We’re excited to announce the migration of the VET3L token on CoinSavi! To enhance your trading experience and optimize the VET3L leverage token, we will be implementing a 100,000:1 token migration.

Migration Details

  • Token: VET3L

  • Exchange Ratio: 100,000:1 (100,000 old VET3L tokens will be swapped for 1 new VET3L token)

  • Effect on Balance and Price:

    • After the migration, balances will be reduced by a factor of 100,000.

    • The token price will increase by a factor of 100,000, maintaining the same value for holders.

Migration Schedule

  1. Trading Halt on VET3L-USDT Pair:

    • Time: 3:00 AM, November 7, 2024 (UTC)

    • All trade orders for the VET3L-USDT pair will be canceled, and a balance snapshot will be taken to record users' current VET3L holdings.

  2. Balance Conversion:

    • Time: 8:00 AM, November 8, 2024 (UTC)

    • User balances of VET3L will be automatically converted according to the 100,000:1 ratio.

  3. Trading Resumption on VET3L-USDT Pair:

    • Time: 1:00 PM, November 8, 2024 (UTC)

    • Trading on the VET3L-USDT pair will reopen with the new token structure.

Important Notes

  • No action is required from users for the migration. CoinSavi will handle the entire process automatically.

  • After migration, you’ll find your new VET3L balance and the updated price in your CoinSavi account.

Thank you for your understanding and support during this migration! lease feel free to reach out to CoinSavi support if you have any questions or need assistance.

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