According to the BoringDAO team, BoringDAO is migrating their tokens at a 1 $BOR : 10,000 $BORING ratio. MXC will be implementing a token redenomination and swap the old $BOR tokens for new $BORING tokens for our users. Specific details and timeline are as below:
Swap Ratio: 1:10,000
BOR Token (old token):
1) Margin Trading services for BOR is now suspended.
2) Suspend BOR/USDT deposit and withdrawal services at 03:00, June 20 (UTC).
3) Delist BOR trading pair on spot and cancel all pending orders at 06:00, June 20 (UTC). We will take a snapshot of users' holding positions and distribute the new BORING tokens to users at a ratio of 1 BOR : 10,000 BORING.
4) Trading commencement time for BORING will be announced once the token swap is completed. Please stay tuned for the latest announcement.
Note: After this token swap, the value of the new BORING token will be 1/10,000 of the BOR, without considering other factors that might impact the price. Please pay attention to the price when you are placing orders.
Users can deposit BOR to MXC before June 20 to get it swapped for the new BORING tokens effortlessly.
Thank you for your patience and support!
Cryptocurrency investment is subjected to high market risk. Please make your investments cautiously. MXC Exchange will make the best efforts to choose high-quality tokens, but will not be responsible for your investment losses.
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The MXC Team,
June 8, 2021