Bitget Will Support the Favor (FAVOR) Token Migration and Renaming Plan
Bitget
2023-07-05 12:59
Bitget will support the Favor (FAVOR) token migration and renaming plan. The Favor (FAVOR) token will be renamed to Favor (FAVR). Further details about this change are shown on the timeline below:
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Deposits and withdrawals of Favor (Klaytn) will be suspended on July 6, 7 AM (UTC). Please ensure that you leave sufficient time for your FAVOR deposits to be fully processed prior to this time.
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On July 6, 7 AM (UTC), we will delist the FAVOR/USDT spot trading pair and cancel all pending spot trade orders.
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Bitget will recover all FAVOR balances and begin the distribution of FAVR to all eligible users at a ratio of 1 FAVOR : 1 FAVR.
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Deposits and withdrawals of FAVR will be activated after the token swap is completed and deemed stable.
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We will announce the listing time for the FAVR/USDT spot trading pair in a separate announcement.
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The new FAVR contract address is as follows:
- Klaytn: 0x37e35406c8d87ae243932bf4c9a2138c2b93c8fa
Notes:
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Bitget will list FAVR on July 8, 2022. The listing schedule will be informed separately in another announcement.
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Please be assured that your assets are safe during the migration.
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Distribution of FAVR will be completed before trading of FAVR/USDT is opened.
Disclaimer
Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their own research and invest at their own risk.
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