Dear Community,
CoinDCX will support the RAMP (RAMP) token swap, redenomination and rebranding plan to LeverFi (LEVER).
Please refer below for the timeline about this change.
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- At 09:30 AM (IST) on July 1, 2022, we will close all RAMP margin positions, conduct an automatic settlement and cancel all pending RAMP margin orders, and then delist the RAMP/USDT margin trading pair.
- At 09:30 AM (IST) on July 4, 2022, we will delist all existing RAMP spot trading pairs (RAMP/USDT and RAMP/BTC) and cancel all pending RAMP spot trade orders.
- At 09:30 AM (IST) on July 13, 2022, trading will open for LEVER/USDT and LEVER/BUSD spot trading pairs.
Details of Token Swap.
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- We will recover all RAMP balances, and begin the distribution of LEVER to all eligible users at a ratio of 1 RAMP = 35 LEVER before spot trading for LEVER/USDT and LEVER/BUSD trading pairs are open.
- The ownership percentage of existing RAMP holders will not be diluted with the token swap, as there will be no minting of additional tokens.
- The maximum token supply of LEVER will be 35 billion, with the same token emission schedule as RAMP.
We appreciate your support and cooperation while we work on this.
Regards,
Team CoinDCX
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