The digital asset ecosystem continues to evolve, with blockchain protocols regularly upgrading their infrastructure to enhance scalability, security, and functionality. In line with the official roadmap of Zebec Protocol, OKX will support the 1:10 ZBC token migration, ensuring a seamless transition for users holding the legacy ZBC tokens. This migration is part of a broader network upgrade aimed at improving the overall performance and utility of the Zebec ecosystem.
The process will follow a clearly defined timeline to minimize disruptions and ensure all eligible token holders are accurately accounted for during the migration. It's essential for users to understand each phase — from trading suspension to snapshot and final migration — to avoid missing critical steps that could impact their holdings.
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Migration Timeline and Key Deadlines
To maintain system integrity and ensure accurate token conversion, OKX has scheduled a series of time-specific actions across its platform. Users must pay close attention to the following milestones:
1. Cancellation of Open Orders and Trading Pairs
All pending orders involving ZBC tokens will be automatically canceled on April 8, 2024, at 09:00 WIB (UTC+7). At this time, the ZBC/USDT spot trading pair will also be delisted from the exchange. Traders are advised to close or adjust their positions before this deadline to avoid unintended liquidations or order rejections.
2. Suspension of Deposits and Withdrawals
Starting April 8, 2024, at 17:00 WIB, all deposit and withdrawal functions for ZBC tokens will be temporarily suspended. This includes transfers between wallets and internal accounts. Any ZBC tokens sent to OKX during this blackout period may not be credited or recognized by the system, potentially resulting in permanent loss.
3. Account Snapshot and Token Migration
The official account snapshot will occur at 23:00 WIB on April 8, 2024. This snapshot captures the total ZBC balance across both funding and trading accounts on OKX. Following verification, legacy ZBC tokens will be converted to the new ZBCN tokens at a 1:10 ratio — meaning every 1 old ZBC equals 10 new ZBCN tokens.
Please note that spot trading, deposits, and withdrawals for the new ZBCN token will resume only after the migration is fully completed. The exact relaunch time for these services will be announced separately via official OKX channels.
Important Notes for Users
To ensure a smooth transition, users should be aware of several key conditions tied to the migration process:
- Exclusion of In-Transit Tokens: Any ZBC tokens that are being withdrawn or fail to deposit before the snapshot will not be included in the migration. Always confirm your transactions are fully settled prior to the cutoff.
- Sub-Account Balances: For users managing multiple sub-accounts, all ZBC balances will be aggregated under the main account during the snapshot. After migration, the resulting ZBCN tokens will be credited directly to the primary account, not individual sub-accounts.
- Minimum Balance Requirement: Holders with less than 1 ZBC (excluding open orders) will not qualify for migration. This threshold ensures network efficiency and reduces processing overhead for negligible balances.
Frequently Asked Questions (FAQ)
Q: What does the 1:10 token migration mean?
A: For every 1 legacy ZBC token you hold at the time of the snapshot, you will receive 10 new ZBCN tokens. This adjustment is designed to align with updated economic models within the Zebec Protocol.
Q: Do I need to take any action to migrate my tokens?
A: If your ZBC tokens are stored in your OKX funding or trading account before the snapshot, no action is required — the migration will happen automatically. However, ensure no transactions are pending during the freeze window.
Q: When can I trade or withdraw ZBCN after migration?
A: Trading and withdrawal services for ZBCN will resume after the migration completes. OKX will publish an official announcement with precise timings once available.
Q: Will my open orders affect my eligibility?
A: Open orders in ZBC will be canceled before the snapshot and do not count toward your final balance. Only settled balances in your account at snapshot time are considered.
Q: Can I still access my funds during the suspension period?
A: Yes, your funds remain secure on OKX. However, you won’t be able to deposit, withdraw, or trade ZBC during the designated suspension windows.
Q: What if I don’t meet the 1 ZBC minimum threshold?
A: Balances below 1 ZBC (excluding open orders) will not be migrated. Consider consolidating holdings before future upgrades if possible.
Why Token Migrations Matter
Token migrations are common in blockchain evolution, often signaling major upgrades such as chain transitions, protocol enhancements, or governance overhauls. They enable projects like Zebec Protocol to improve transaction speed, reduce fees, and introduce new features like streaming payments or cross-chain interoperability.
For users, staying informed about migration schedules is crucial. Missing deadlines can lead to temporary inaccessibility or even permanent loss of assets. Platforms like OKX play a vital role by providing structured timelines, automated conversions, and clear communication to protect user interests.
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Final Reminders
As the April 8, 2024 deadlines approach, users are strongly encouraged to review their account balances, settle any open trades, and avoid initiating transfers near critical cutoff times. While OKX handles the technical aspects of the migration seamlessly for most users, individual responsibility remains key to preventing avoidable issues.
Security and preparedness go hand-in-hand in the world of digital assets. By understanding upgrade timelines and platform-specific rules, investors can confidently navigate changes in the ever-evolving crypto landscape.
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