OKX Supports ZK Token Migration to ZKJ with Detailed Plan

OKX,
a
leading
cryptocurrency
exchange,
has
announced
its
support
for
the
migration
of
the
ZK
token
to
the
new
ZKJ
token,
according
to
the
official
token
renaming
plan
by
Polyhedra.
This
swap
will
occur
at
a
1:1
ratio,
ensuring
seamless
conversion
for
all
holders.

Details
of
the
Swap

The
migration
process
is
set
to
commence
on
June
14
at
8:00
AM
(UTC).
During
this
time,
all
existing
ZK
orders
will
be
canceled,
and
the
ZK/USDT
spot
trading
pair
will
be
delisted.
This
move
is
part
of
OKX’s
efforts
to
facilitate
a
smooth
transition
for
its
users.

Upon
completion
of
the
swap,
users’
holdings
of
ZK
tokens
will
automatically
be
converted
to
ZKJ
tokens.
The
trading
schedule
for
the
newly
renamed
ZKJ
will
be
announced
by
OKX
at
a
later
date,
providing
users
with
up-to-date
information
on
when
they
can
begin
trading
the
new
token.

Risk
Considerations

OKX
has
issued
a
risk
warning
emphasizing
that
the
provided
information
is
for
educational
purposes
only
and
may
include
data
from
third-party
sources.
The
exchange
does
not
guarantee
the
accuracy
or
completeness
of
the
information
and
advises
users
that
digital
assets
are
highly
speculative
and
subject
to
significant
volatility.
Investors
are
encouraged
to
perform
their
own
research
and
assess
their
risk
tolerance
before
engaging
in
trading
activities.

For
further
details
on
the
terms
of
service
and
risk
compliance,
users
can
refer
to
OKX’s
official
documentation
on
their
website.

Industry
Context

The
migration
of
tokens
is
a
common
occurrence
in
the
cryptocurrency
industry
as
projects
evolve
and
update
their
protocols.
Recently,
other
significant
token
migrations
have
included
the
transitions
of
popular
tokens
such
as
VeChain
(VET)
and
ICON
(ICX).
These
migrations
are
often
aimed
at
improving
the
underlying
technology
and
providing
better
utility
and
security
for
users.

As
the
industry
continues
to
grow,
such
transitions
are
expected
to
become
more
frequent,
with
exchanges
like
OKX
playing
a
crucial
role
in
ensuring
that
the
process
is
as
smooth
and
transparent
as
possible
for
their
users.

For
more
information,
readers
can
visit
the
official
[OKX](https://www.okx.com/help/okx-to-support-zk-token-migration)
announcement
page.

Image
source:
Shutterstock

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