In early July, Bitfinex announced full support for the VeChain VEN – VET token swap. In line with this, we are pleased to be able to communicate the start of the VeChain migration process.
To ensure a smooth and trouble-free migration for all our users, the token migration will be completed according to the following steps:
VEN deposits and withdrawals will be suspended as of 12:00 AM UTC, 28/08/18. Please ensure sufficient time to confirm transactions prior to this.
Trading in all VEN pairs (BTC, ETH & USD) will be suspended as of 11:00 AM UTC, 28/08/18. A VEN balance snapshot will be taken at this time.
The token migration will take place. Tokens will be converted in a ratio of 1:100 (100 VET for every VEN).
Trading will reopen for VET against BTC, ETH & USD at approximately 15:00 PM UTC, 28/08/18. Deposits and withdrawals will be enabled in line with this.
Please note that deposits and withdrawals of VEN are to be suspended permanently following step 1 and Bitfinex will be unable to accept transactions in this token moving forward.
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