OKX to Facilitate RNDR Token Migration to RENDER

Cryptocurrency exchange OKX has announced its support for the upcoming RNDR token migration to RENDER, according to the official plan set by Render Network. The migration will occur at a 1:1 ratio and follows a structured schedule to ensure a smooth transition for users.

Migration Schedule

The migration process is slated to commence on July 9, 2024. As part of the procedure, all pending orders for RNDR tokens will be canceled, and the RNDR spot trading pairs RNDR/USDT and RNDR/USDC will be suspended at 8:00 am UTC on the same day. Subsequently, RNDR transfers, deposits, and withdrawals will be halted at 10:00 am UTC.

An account snapshot, which is crucial for the migration, will take place at 4:00 pm UTC. This snapshot will include both OKX funding and trading accounts. Following the migration, new token RENDER deposits, withdrawals, and spot trading will be enabled, with the specific opening time to be announced separately.

Important Considerations

OKX has outlined several key points for users to note during the migration:

• RNDR tokens that are in the process of being withdrawn or are not successfully deposited at the time of the snapshot will not be included in the migration.
• For RNDR tokens held in sub-accounts, the migrated RENDER tokens will be transferred to the main account once the process is complete.
• Holdings of less than 1 RNDR (excluding open orders) will not be included in the migration.

Risk Warning

OKX has issued a risk warning to its users, emphasizing that the information provided is for informational and educational purposes only. The exchange does not guarantee the accuracy or completeness of the information and advises users to conduct their own research and assess their risk appetite before trading digital assets. Digital assets are highly speculative and subject to significant volatility, and investors may lose the entire value of their investment.

For further details, users can refer to OKX's Terms of Service and Risk & Compliance Disclosure.

The OKX team has made it clear that they are not responsible for any losses incurred from trading digital assets. For inquiries, users can contact the support center or connect with OKX on various platforms.