Dear Users,
According to the VRJAM project team, the initial circulation of the old VRJAM token is large, resulting in the VRJAM price being difficult to control. To solve this situation, the project team decides to redesign the initial circulation. As required by the project team, the new VRJAM token will be locked for a period of 7 days. After the lock-up period, the tokens will be released linearly on a daily basis (lasting 7 days, 14 days in total).
MEXC will swap the old VRJAM token for the new one at a 1:1 ratio. If you have VRJAM tokens on MEXC, you don’t need to do anything in particular.
Please note:
- MEXC has suspended deposits, withdrawals, and trading for VRJAM.
- MEXC will open the withdrawal service of the new VRJAM token after the swap is completed.
- The new tokens will be locked for 7 days. When the lock-up period expires, MEXC will distribute tokens to users on a daily basis as required by the project team.
The official announcement from the VRJAM team: How To Guide: Claim Your $VRJAM Token
Thanks for your support!
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The MEXC Team
21 December 2022
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