CoinDCX will support the RAMP (RAMP) token swap, redenomination and rebranding plan to LeverFi (LEVER).
Please refer below for the timeline about this change.
- 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.
- 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.
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