CoinTiger Announcement of Supporting Aave Protocol (LEND) Token Swap to Aave Protocol(AAVE）
Fellow CoinTiger Users,
According to Aave official news, the voting period for the first Aave Improvement Proposal (AIP1) has ended, with overwhelming votes in favour of the token migration from LEND to AAVE. Aave (LEND) token swap to AAVE has begun at 10,978,863 block height and CoinTiger will support it with the following timeline:
【Spot trading timeline】
1.Deposit and withdrawal suspend
At 2020/10/10 18:00 (UTC+8), CoinTiger will suspend LEND deposits and withdrawals to support Aave (LEND) token swap to AAVE. Please deposit in advance, and CoinTiger team will solve technical issues in smart contract swap process for users.
2.Trading pair suspend
At 2020/10/10 19:00 (UTC+8), CoinTiger will halt trading in all LEND trading pairs, and the trading pairs will also subsequently be delisted from the exchange. CoinTiger team will take an immediate snapshot of all LEND balances and begin the distribution of AAVE to all eligible users at a ratio of 100 LEND = 1 AAVE.
3.Open trading
At 2020/10/15 18:00 (UTC+8), CoinTiger will open trading for the new AAVE/USDT. Deposits and withdrawals for AAVE will also be opened at this time.
【Futures trading timeline】
1.Close trading
At 2020/10/10 8:00 (UTC+8), CoinTiger will conduct an automatic settlement on LENDUSDT perpetual contract positions and delist LENDUSDT perpetual contract trading pairs. Users who hold these pairs and contracts should close positions before they are delisted from the exchange, and users who have not completed the order should cancel order in time. If users choose to hold the position until the cessation of trading, the position will be automatically closed or settled at 2020/10/10 8:00 (UTC+8) with market price.
2.Open trading
At 2020/10/16 18:00 (UTC+8), CoinTiger will launch and open trading for a AAVE/USDT perpetual contract with leverage of 1–50x.
Note:
If users want to swap Aave (LEND) token to AAVE, please deposit LEND on CoinTiger before 2020/10/10 18:00 (UTC+8), CoinTiger will help you with swap. If users don’t want to swap Aave (LEND) token to AAVE, please withdraw LEND before 2020/10/10 18:00 (UTC+8).
For further information on the token swap, please refer to https://medium.com/aave/migration-and-staking-101-fe8fda3e2a30
CoinTiger team
2020/10/09
About CoinTiger
CoinTiger platform has an ecosystem that includes web, iOS, Android and exchange service system (e.g Cryptocurrency, FIAT, Future, and Leveraged Tokens Trading, Ticker Capital, Lab, Security Alliance, Tiger Knights, IEO, Tiger Forum), and is now one of the most popular exchanges in the world, which formed sub-branches in countries such as Korea, Japan, Russia, Italy and more. CoinTiger is founded in November 2017 and has exceeded 3.5 million users today. CoinTiger also provides trading and investing services for 158 countries with over 100 quality assets. CoinTiger is also the first crypto exchange to implement a 100 % equity mechanism for its native TigerCash (TCH) coin. The first thing CoinTiger has done is to serve its users well and deliver secure, efficient, and reliable services with the highest level of global ecosystems, banking security, efficient and best possible product experience, easy and fast transaction services, and a 7X24 customer support team.
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