OKX is officially supporting the upcoming migration of AGIX tokens to FET. This process is part of the official AGIX token migration plan and will be carried out according to a fixed ratio and a specific schedule.
The exchange will handle the technical aspects of the migration for users holding AGIX in their OKX accounts. Below is the detailed timeline and key information you need to know.
Detailed Migration Timeline
The migration will be executed in several phases to ensure a smooth transition for all users.
- July 1, 2024, 8:00 AM UTC: All pending AGIX spot orders will be automatically canceled. Trading for the AGIX/USDT and AGIX/USDC spot pairs will be suspended at this time.
- July 1, 2024, 10:00 AM UTC: The deposit and withdrawal services for AGIX tokens will be suspended. Please ensure all transactions are completed before this time.
- July 1, 2024, 4:00 PM UTC: OKX will take a snapshot of user accounts. This snapshot will determine the amount of AGIX tokens eligible for migration. The actual token migration will occur based on this snapshot.
The snapshot will include balances from both funding accounts and trading accounts.
Important Considerations for the Migration
To ensure your assets are migrated correctly, please keep the following points in mind.
- Any AGIX tokens that are in the process of being withdrawn or that have not been fully credited to your account at the time of the snapshot will not be included in the migration.
- For users with AGIX tokens in sub-accounts, the newly migrated FET tokens will be distributed to the corresponding main account once the process is complete.
- Holdings of less than 1 AGIX (excluding any open orders) will not be included in the migration and will not be converted.
The conversion from AGIX to FET will be processed at a fixed ratio of 1 AGIX to 0.43335 FET.
Understanding the Risks of Digital Assets
It is crucial to remember that investing in digital assets involves significant risk. The cryptocurrency market is known for its high volatility and speculative nature.
The value of investments can fluctuate dramatically, and it is possible to lose the entire value of your investment. Always conduct your own thorough research and fully understand the risks before engaging in any trading activity.
This information is provided for educational and informational purposes only and should not be considered financial advice. 👉 Explore more strategies for managing digital asset risk
Frequently Asked Questions
What is the AGIX to FET migration ratio?
The migration will be processed at a fixed ratio of 1 AGIX to 0.43335 FET. This ratio is determined by the official AGIX migration plan.
Do I need to do anything to receive my FET tokens?
If you hold AGIX in your OKX spot or funding wallet at the time of the snapshot, the migration will be handled automatically by OKX. No action is required from you to receive the new FET tokens.
What happens to my AGIX tokens during the migration?
OKX will take a snapshot of all AGIX balances. After the snapshot, the AGIX tokens will be converted to FET at the specified ratio. The old AGIX tokens will be replaced by the new FET tokens in your account.
Will sub-account balances be migrated?
Yes, AGIX balances in sub-accounts will be included in the snapshot. However, after the migration is complete, the new FET tokens will be credited to the main account linked to that sub-account.
What if my AGIX is in a withdrawal status during the snapshot?
Any AGIX tokens that are mid-withdrawal or not fully deposited and credited to your account at the exact time of the snapshot will not be eligible for the migration and will not be converted.
Are there any minimum holding requirements?
Yes, holdings of less than 1 AGIX token will not be included in the migration process and will not be converted to FET.