OIN:KuCoin Will Update the Ticker of Paxos Standard (PAX) to Pax Dollar (USDP)_COI

DearKuCoinUsers,

FollowingtheannouncementfromthePaxosteam,KuCoinwillautomaticallycompletethetickerupdatetoalleligibleuserswithPAXbalancesonKuCoinandbeginthedistributionofUSDP.

Thearrangementsareasfollows:1.KuCoinwillclosethewithdrawalanddepositservicesofPAXat08:00:00onJune13,2022(UTC).2.KuCoinwillhalttradingforallPAXtradingpairs(USDT/PAX,ETH/PAX,BTC/PAX,XRP/PAX)at08:00:00onJune14,2022(UTC).Werecommendthatyoucancelyourpendingorderspriortothetimementioned.3.Tocompletetheupdate,at12:00:00onJune14,2022,KuCoinwilltakesnapshotsoftheusers’PAXbalancesandbeginthedistributionofUSDPtoalleligibleusersataratioof1PAX:1USDP.

Pleasenote:

1.Minimumholdingforeligibility:1PAX

2.ThesnapshotwillincludePAXbalancesinSpotaccounts(MainAccountTradingAccount).

3.PAXtokensthatwereinpendingdepositorwithdrawalatthetimeofthesnapshotwillnotbecountedtowardsyourPAXbalance.

4.Aftertheupdateiscompleted,thePAXtokenwillnolongerbesupportedonKuCoin.

Forfurtherinformationaboutthistickerchange,pleaserefertotheOfficialAnnouncement.

Thankyouforyoursupport!

TheKuCoinTeam

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