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Cryptocurrency News Articles
Crypto.com Announces Support for the Kaia ($KLAY) Token Rebrand to Kaia ($KAIA)
Oct 22, 2024 at 03:45 am
This move aligns with the upcoming token reissue. A 1:1 token swap of $KLAY to $KAIA will follow, with no action to be required from the users’ end.
Crypto.com recently announced its support for the Kaia ($KLAY) token rebrand to Kaia ($KAIA). This news comes ahead of the highly anticipated token reissue. As part of this rebranding effort, $KLAY will be delisted from both the Crypto.com App and Exchange on October 28, 2024.
Following the delisting, a 1:1 token swap from $KLAY to $KAIA will take place, and no action will be required on the users’ end. Crypto.com shared the details of this rebranding with its community through its official X account, outlining the upcoming strategies regarding this transition.
Here's a summary of the changes that will occur:
- $KLAY will be delisted from the Crypto.com App at 01:00 UTC and from the Crypto.com Exchange at 02:00 UTC.
- Users holding $KLAY will have their tokens automatically converted to $KAIA at a 1:1 ratio.
- This conversion will be reflected in both Crypto Wallet and Spot Wallet balances upon migration completion.
- Notably, $KLAY Target Price, TWAP, and Recurring Buy orders will be terminated.
- After the delisting date, KLAY will no longer be accepted for card top-ups, including Auto Top-Up.
On the Crypto.com Exchange platform, $KLAY spot trading and trading bots will be permanently suspended. Users are advised to close any active $KLAY trading bots by October 28, 02:00 UTC to avoid any trading disruptions. Crypto.com will announce separately when $KAIA deposits and withdrawals are re-enabled.
The migration of $KLAY to $KAIA is set to take place at a later date. Crypto.com will announce separately when the new $KAIA tokens are available for trading, and deposits and withdrawals will be live.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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