OKX has announced a token swap for SIS (Symbiosis Finance), transitioning from the ERC-20 standard to BEP-20. Below are the key details and timeline for this process:
Token Swap Timeline
- April 3, 17:00 (HKT): SIS deposits and withdrawals will be suspended to begin the swap process.
- Trading: SIS trading pairs will remain active during the swap.
Post-Swap Updates
- Deposits and withdrawals for SIS will reopen exclusively under the BEP-20 standard.
- Important Note: OKX will no longer support ERC-20 SIS deposits after the swap. Users must ensure they send only BEP-20 SIS tokens to avoid potential losses.
Risk Advisory
Digital assets are innovative investment products with high volatility and inherent risks. OKX advises users to:
- Fully understand the nature of digital assets before investing.
- Evaluate their risk tolerance objectively.
- Make informed and rational investment decisions.
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Frequently Asked Questions (FAQs)
What is the difference between ERC-20 and BEP-20?
ERC-20 is the token standard for Ethereum’s blockchain, while BEP-20 is Binance Smart Chain’s equivalent. Both are widely used but operate on different networks with distinct fee structures.
Will my SIS tokens be automatically converted?
Yes, OKX will handle the conversion process. Users do not need to take any action unless they hold SIS in external wallets.
Can I trade SIS during the swap?
Yes, trading will remain unaffected throughout the transition.
How do I ensure I’m depositing BEP-20 SIS?
Always verify the network (BEP-20) when generating a deposit address on OKX. Cross-chain deposits (e.g., sending ERC-20 tokens to a BEP-20 address) may result in permanent loss.
👉 Learn more about token standards
OKX remains committed to delivering exceptional products and services to its global user base.
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