Iris Coleman
Aug 27, 2024 06:18
BitMEX will assist the migration from MATIC to POL tokens on the Polygon community, delisting MATIC contracts and enabling zero community charges for withdrawals.
BitMEX has introduced vital adjustments for its customers in response to the upcoming Polygon community migration. Beginning September 4, 2024, the platform will assist the brand new POL token, which can exchange MATIC because the native fuel and staking token for Polygon’s Proof-of-Stake (PoS) chain, in accordance with a BitMEX Weblog.
Zero Withdrawal Charges for MATIC (ERC-20)
To facilitate this transition, BitMEX is enabling zero community charges for any MATIC (ERC-20) withdrawals efficient August 27, 2024. The platform urges current MATIC holders to withdraw their tokens from BitMEX wallets as quickly as attainable to keep away from problems throughout the migration.
Delisting of MATIC Contracts
In preparation for the migration, BitMEX will delist all MATIC contracts, together with Spot, Perpetual, and Convert contracts, on September 3, 2024. This transfer goals to streamline the transition to POL tokens and decrease disruption for customers.
Assist for POL on Polygon
Following the migration on September 4, 2024, BitMEX will assist the POL token on the Polygon community solely. The platform will not assist MATIC or POL tokens on the Ethereum (ERC-20) community. Moreover, BitMEX plans to record new contracts for the POL token, providing customers a seamless transition and continued buying and selling alternatives.
Steps for Customers
BitMEX has supplied detailed directions for customers to navigate the migration course of. Customers are suggested to learn the complete particulars on the implications of this migration and the mandatory steps on the BitMEX Weblog.
For any queries or extra assist, customers can contact BitMEX Assist via the platform’s official contact web page.
Picture supply: Shutterstock
