With the closure of SXP swap portal, what can we expect?

Trading Made Easy 2023-05-15 16:47:35
Attention SXP token holders! It's time to get the scoop on the SXP swap portal. This portal, which has been up and running for nearly a year, will soon bid farewell as Solar enters its next exciting phase of development. If you happen to own ERC20, BEP20, or BEP2 SXP tokens, it's crucial to swap them before June 30, 2023. After this date, the old network will wave goodbye and swapping your legacy tokens will no longer be possible. But hey, if you're holding tokens on BingX, our team will automatically handle the swap for you at a 1:1 ratio to the new token. As layer 1 tokens make a comeback, we're expecting SXP to reclaim its former glory.
Wait, hold up! Did you know that SXP used to go by the name Swipe but switched things up and became Solar? If you've got any SXP tokens lounging around on the Solar mainnet, we strongly encourage you to exchange or transfer them to your BingX account before the portal calls it a day.
Got questions or need a helping hand during this transition? No worries, the SXP team has got your back! Reach out to them on Discord and Telegram, and they'll be there to answer all your questions and provide the assistance you need.
Alright, let's dive into the details about the mainnet swap for SXP, especially for you awesome BingX users:
  1. When will deposits and withdrawals of SXP on the BNB Smart Chain (BEP20) and Ethereum (ERC20) networks be suspended? On May 12, 2023, at 14:30 (UTC+8), we'll hit the pause button on SXP deposits and withdrawals on these networks. Make sure you give your SXP deposits enough time to fully process before this moment arrives.
  2. When will the deposit and withdrawal services of Solar (SXP) via the Solar mainnet be open? As we're diligently working on integrating Solar (SXP) into the mainnet, we'll open up deposit and withdrawal services as soon as our testing phase is successfully completed. Stay tuned for the official announcement revealing the exact opening time.
  3. What will happen to my trading and existing positions during the mainnet swap? Great news! Your trading activities and existing positions won't be affected one bit. We'll swap all your Swipe (SXP) tokens to mainnet Solar (SXP) tokens at a delightful ratio of 1:1.
Once the mainnet swap is complete, we'll shoot out another announcement, letting you know when deposits and withdrawals of Swipe (SXP) will be up and running again. Keep an eye out for it!
At BingX, we're all about supporting your smooth transition to the Solar (SXP) mainnet. For more information, head over to our official website or hit us up on our support channels. We're here to make this transition smooth for you!

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