Dear Bitunix users,
Bitunix will support the Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) token merge. For more information, users may refer to the https://x.com/ASI_Alliance/status/1803725301907661138 from the project team.
Deposit and Withdrawal
Bitunix will suspend the deposit and withdrawal service for Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens at 03:00 on June 28th, 2024 (UTC). Please note that after the merge, deposit and withdrawals of OCEAN and AGIX tokens will no longer be supported.
A snapshot of users' OCEAN and AGIX spot balance has been taken on July 1 04:00 UTC. Users' OCEAN and AGIX balance will be deducted from the balance before the release of FET token.
Merge Details
After the merge, all OCEAN, and AGIX tokens will be swapped to FET at a ratio of:
1 OCEAN = 0.433226 FET；
1 AGIX = 0.433350 FET.
Spot Trading
Bitunix will delist OCEAN/USDT and AGIX/USDT trading pairs from spot market from 03:00 on June 28 2024 (UTC).
All orders will be automatically removed after trading ceases in each respective trading pair.
Futures Trading
Bitunix will close all positions on the OCEAN/USDT, and AGIX/USDT USDⓈ-M Perpetual Futures trading pairs at 08:00 on June 25, 2024(UTC). All unfilled orders will be cancelled. OCEAN/USDT and AGIX/USDT trading pairs will be delisted after the settlement is complete. Users are advised to close any open positions prior to delisting to avoid automatic settlement.
In order to protect users and prevent potential risks in extremely volatile market conditions, Bitunix may undertake additional protective actions toward the OCEAN/USDT, and AGIX/USDT trading pairs without further announcement, including but not limited to adjusting the risk limit tiers, maximum leverage value, position value, and maintenance margin rate, updating funding rates, such as the interest rate and funding rate, and using the Last Price Protected mechanism to update the Mark Price.
A separate announcement will be made for the listing of ASI/USDT perpetual futures trading pair.
*Risk Warning:
The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. Bitunix attempts to screen all projects before they come to market. However, even with the best due diligence, there are still possible risks when investing. Bitunix is not liable for investment gains or losses.
Regards,
Bitunix Team
July 2 2024
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