KuCoin will support the rebranding of Qredo Token (QRDO) to Open Custody Protocol (OPEN)

Dear KuCoin Users,

KuCoin will support the rebranding of Qredo Token (QRDO) to Open Custody Protocol (OPEN). We will complete the QRDO to OPEN token swap automatically for QRDO holders on KuCoin.

The arrangements are as follows:

1. KuCoin will close the QRDO deposit and withdrawal services at 07:00:00 on April 16, 2024 (UTC).

2. KuCoin Trading Bot will automatically stop the running bots of QRDO/USDT and QRDO/ETH at 08:45:00 on April 16, 2024(UTC), including Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, and AI Spot Trend.

3.KuCoin will close the trading service for the QRDO/USDT and QRDO/ETH trading pairs at 9:00:00 on April 16, 2024 (UTC). We recommend that you cancel your pending orders of QRDO as soon as possible.

4.To complete the swap, KuCoin will take snapshots of users’ QRDO assets at 12:00:00 on April 16, 2024 (UTC). After the snapshot, we will convert the QRDO to OPEN at a ratio of 1:1 (1 QRDO = 1 OPEN).

Related follow-ups to this subject will be announced separately as soon as possible.

Please note:

1. Minimum holding for eligibility: 22 QRDO.

2. The snapshots will include QRDO balances in Spot accounts (Main Account Trading Account).

3. QRDO tokens that were in pending deposit or withdrawal at the time of the snapshots will not be counted towards your QRDO balance.

4. After the swap is completed, the QRDO token will no longer be supported on KuCoin.

For further information on the rebranding and token swap, please refer to the Official Announcement.

Regards,

The KuCoin Team

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