Dear Coinsavi Users,
Coinsavi will support the token swap and rebranding of Open Custody Protocol (OPEN) to Levva Protocol Token (LVVA). The OPEN to LVVA tokens swap will automatically be completed for OPEN holders on Coinsavi.
The arrangements are as follows:
The deposit and withdrawal services for OPEN will be closed at 3:00 AM on March 6, 2025 (UTC);
Coinsavi will close the trading service for the OPEN/USDT trading pair at 3:00 AM on March 6, 2025 (UTC). We recommend that you cancel your pending orders of OPEN as soon as possible.
To complete the swap, Coinsavi will take snapshots of users’ OPEN assets at 10:00 AM on March 6, 2025 (UTC). After the snapshot, we will convert the old OPEN tokens to the new LVVA tokens at a ratio of 1:1 (1 old OPEN = 1 new LVVA);
Deposit and withdrawal services of LVVA tokens as well as the trading service for the LVVA/USDT trading pair will be opened after the swap is completed. We will notify users in a further announcement.
Please note:
The minimum holding amount required to be eligible for the swap is 300 OPEN.
The snapshot only includes the OPEN balance in the Spot account.
After the deposit, withdrawal, and trading services for OPEN are closed, the OPEN token will no longer be supported on Coinsavi. Users who deposit OPEN after this time will not be compensated by Coinsavi.
After the deposit, withdrawal, and trading services for OPEN are closed, the OPEN token will no longer be supported on Coinsavi. If users deposit OPEN after this time, Coinsavi will not be able to compensate for any losses.
For further information on the rebranding and token swap, please refer to:
Thank you for your support!
The Coinsavi Team