In accordance with Inlock’s Recovery and Restructuring process, the Inlock platform will begin to phase out coins and tokens used in small numbers. Assets that have less than 20 customers with a value of less than $1,000 participate in the delisting program.
In the first step, the SRM (Serum) token was rolled out on August 22, 2023, which was necessary because our exchange partner also rolled out the asset, so we would no longer have been able to perform automatic conversions in payment programs after the indicated date.
In the second phase, the following assets will be delisted on September 10, 2023:
– BAT (Basic Attention Token)
– FTT (FTX token)
– PAXG (Paxos GOLD token)
– LUNC (Luna Classic token)
– USTC (UST Classic token)
– MKR (Maker DAO token)
– DAI (MCDAI stablecoin)
– OMG (Omisego, OMG.network)
– ADA (Cardano)
– RAY (Raydium)
The cost of maintaining the tokens and the blockchain infrastructure connected to them now exceeds the amount of losses on the assets, so the delisting of the tokens is inevitable for efficient operation.
The indicated tokens will be automatically converted to USDC tokens on September 10, 2023. In parallel with this, the affected customers will also have the opportunity to request these tokens in their original form before September 10.
In the following days, all affected customers will receive an email notification about the automatic conversion.