Announcement: Token Burn as per termination of APOT Token Swap Plan

OrbitChain
Orbit Chain
Published in
1 min readJul 7, 2021

In June of 2019, with the official launch of Orbit Chain, a 1:1 swap from APOT to ORC was made available to users of Allbit. With the official service termination of Allbit, here are the details of the token burn that took place for the remainder of ORC that was designated for APOT swap.

Below are the details regarding the swap.

  • Amount of APOT designated for swap : 360,000,000

(https://etherscan.io/token/0x16c1e5baf21b9fa4bc9f2c374e4dc19fab5ac5dc)

Remainder of the ORC tokens that was designated for swap with APOT previously not swapped have been burnt, along with the collected APOT tokens.

Burn Transaction 1: 9,913,530.38294583 ORC
https://etherscan.io/tx/0x88c0ef5ec91303be9db23b713b643e6f1d9184929b13dde3dea0d595ff71fba9

Burn Transaction 2: 350,086,469.61705417 APOT https://etherscan.io/tx/0xa33a8b13905e0a49ad850a2018046999551dbf344af0c9d9ff39f15984d76997

Warning

  • APOT tokens that have not been swapped to ORC can no longer be swapped for ORC. There may be scam/fishing attempts using unswapped APOT tokens, so please be aware.

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