The arrangements are as follows:

  1. KuCoin will close the trading services for the ERC20 LOC/BTC and LOC/ETH trading pairs at 18:00:00 on November 20, 2020 (UTC+8). We recommend that you cancel your pending orders of LOC as soon as possible.
  2. To complete the upgrade, KuCoin will take snapshots of users’ LOC assets at 18:00:00 on November 20, 2020 (UTC+8). After the snapshot, we will convert the ERC20 LOC into the Hydra based HRC20 LOC at a ratio of 1:1 (1 ERC20 LOC = 1 HRC20 LOC).
  3. KuCoin will then integrate the Hydra Chain and enable support for the new HRC20 LOC token and open the new HRC20 LOC deposit service at 18:00:00 on December 14, 2020 (UTC+8).
  4. KuCoin will open the trading services for the HRC20 LOC/USDT and HRC20 LOC/BTC trading pair and HRC20 LOC withdrawal service at 18:00:00 on December 15, 2020 (UTC+8).

*Related follow-ups to this subject will be announced separately.

Thanks for your support!

The KuCoin Team