Dear Bitruers,
According to the official plan, Bitrue will support the Polygon (MATIC) Token Swap to Polygon (POL).
After the token swap is completed, we will make a separate announcement regarding the listing times for POL tokens in Spot trading, Futures, ETFs, and Earn products.
Please note:
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Spot
- At 3:00 UTC on September 4, 2024, the spot trading pairs for MATIC/USDT, MATIC/USDC, MATIC/BTC, MATIC/XRP, MATIC/ADA, MATIC/XDC and RNDR/SOL will be closed, and any open orders will be automatically canceled.
- At 4:00 UTC on September 4, 2024, the deposits and withdrawals for MATIC (ERC20, BSC and Polygon networks) will be closed. Please do not deposit MATIC tokens after this time, as they will not be credited to your account.
- The swap ratio is 1 MATIC = 1 POL.
- Users do not need to take any action during the swap period.
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Futures
- At 6:00 UTC on September 4, 2024, the MATIC/USDT、MATIC/USD futures trading pairs will be closed.
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If you have any open positions in the MATIC/USDT、MATIC/USD trading pairs, we recommend that you manually close your position before 6:00 UTC, September 4th, 2024 to avoid any financial losses. Orders that are not closed before 6:00 UTC, September 4th, 2024 will be liquidated at the market price.
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ETFs
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At 6:00 UTC on September 4, 2024, the MATIC3L and MATIC3S leverage tokens will be closed. At that time any remaining tokens will be forcibly liquidated and the appropriate amount of USDT will be placed into the accounts of outstanding holders shortly afterwards.
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Earn
- At 3:00 UTC on September 3, 2024, the MATIC Power Piggy product will be removed, and your principal and interest will be returned to your spot account. We recommend that users redeem their investments in advance.
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Loans
- At 3:00 UTC on September 12, 2024, the MATIC Loans product will be removed, we will close all outstanding loan positions for MATIC (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding MATIC loans before 3:00 UTC on September 12, 2024 to avoid any potential losses.
For further updates please follow our X/Twitter account at @BitrueOfficial
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Disclaimer: Bitrue reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You may lose some or all of your invested capital, and past performance is not indicative of future results. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice. For more information, see our Terms of Use and Privacy Policy.