MEXC Will Support the NuCypher (NU) and Keep Network (KEEP) Token Merge

MEXC

2022-02-09

Dear users，

MEXC will support the NuCypher (NU) and Keep Network (KEEP) token merge to Threshold Network Token (T). Further details about this merge are shown below:

At 2022-02-13 14:00 (UTC), MEXC will delist NU3S/USDT, NU3L/USDT, KEEP3S/USDT and KEEP3L/USDT. Please close your positions before the delisting time. Otherwise, related positions will be closed automatically by the system.
At 2022-02-14 07:00 (UTC), MEXC will suspend NU/USDT, and KEEP/USDT isolated margin borrowing. At 2022-02-15 07:00 (UTC), MEXC will close all NU and KEEP margin positions, conduct an automatic settlement and cancel all pending NU and KEEP margin orders, and then delist the NU/USDT and KEEP/USDT isolated margin trading pairs. A separate announcement will be made for the listing of T margin trading pairs.
At 2022-02-15 01:00 (UTC), MEXC Futures will close all futures positions for NU/USDT and KEEP/USDT, conduct an automatic settlement and cancel all pending orders on NU/USDT and KEEP/USDT futures contracts, and then delist these contracts. A separate announcement will be made for the listing of T futures contracts. Please be aware that in the event of extreme price movement or deviation from the index price, MEXC Futures will undertake additional protective measures, including but not limited to changing the constituents of the price index and using the Last Price Protected mechanism to update the Mark Price.
At 2022-02-16 02:00 (UTC), MEXC will suspend deposits and withdrawals of NU and KEEP. Please ensure that you leave sufficient time for your NU and KEEP deposits to be fully processed prior to this time.
At 2022-02-16 04:00 (UTC), MEXC will cease trading for all existing NU and KEEP spot trading pairs and delist them.
Following this, MEXC will take snapshots of all NU and KEEP balances and begin the distribution of T to all eligible users at a ratio of 1 NU = 3.26 T, and 1 KEEP = 4.78 T.
At 2022-02-18 06:00 (UTC), MEXC will open deposits and withdrawals for T, and enable spot trading for T/USDT.
New ERC-20 token contract (T): 0xCdF7028ceAB81fA0C6971208e83fa7872994beE5

Please note:

The token merge may be dilutive to either NuCypher (NU) or Keep Network (KEEP) token holders depending on the relative price of both tokens.
Deposits of NuCypher (NU) and Keep Network (KEEP) that come in after 2022-02-16 02:00 (UTC) will not be credited and will only be reflected after the spot trading of T is enabled.
NU and KEEP balances can be recovered at any point of time after NU and KEEP spot trading pairs are delisted. Please be assured that your assets are safe.
Distribution of T will be completed by 2022-02-18 04:00 (UTC) at the latest.

For further information, please refer to: Threshold Launch Details

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