About ITC Mainnet Swap

uobi Global will support ITC (IoT Chain) mainnet switching, and the platform will automatically upgrade the ITC of the ERC20 chain / mainnet to the ITC of the Polygon chain for users.

After the mainnet switch is completed, the deposit and withdrawal of the old chain ITC ( ERC20 chain / mainnet token) will no longer be supported.

In order to better distinguish the old and new ITC tokens, after the upgrade, the old ITC tokens will be renamed ITCOLD (in the following ITCOLD all represent the old ITC tokens), and the new token name will be ITC.

The specific arrangements are as follows:

The deposit and withdrawal services of ITCOLD will be closed at 10:00 (GMT+8) on August 29th.

At 11:00 (GMT+8) on August 29, all ITCOLD spot trading pairs will be closed, and all ITCOLD pending orders (ITCOLD/USDT) will be cancelled.

After the trading pair is closed, a snapshot of the user’s ITCOLD holdings will be taken at 00:00 (GMT+8) on August 30, and the system will subsequently replace the user’s ITCOLD holdings with ITC according to the ratio of [1 ITCOLD = 10ITC].

The opening hours of ITC ‘s deposit, withdrawal and trading services will be announced in a separate announcement, so stay tuned.

Users who hold ITCOLD assets must cancel the order before the transaction is closed.

The system will automatically execute the order cancellation operation at the specified time node, and return the relevant assets to the currency account.

After closing the transaction, because the real-time price of ITCOLD cannot be obtained through the market terminal, the ITCOLD valuation will no longer be displayed (the total assets of the currency account do not include ITCOLD), and your actual assets will not be affected.

Go to Huobi’s Official Website