The upcoming EOS token swap has been confirmed, with EOS being replaced on a 1:1 basis with a new token, referred to as A. OKX fully supports this transition and will facilitate the swap for all eligible users. Below is a comprehensive overview of the timeline, procedures, and important considerations to ensure a smooth migration process.
This update is essential for anyone holding EOS on OKX or participating in related trading and lending services. To help you stay informed and prepared, we’ve organized the information into clear sections, including key dates, account requirements, and post-swap expectations.
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🔔 Key Timeline for EOS Swap on OKX
To ensure system stability and accurate asset handling during the transition, OKX has scheduled a series of phased operations. Users are strongly advised to review the following timeline and take necessary actions accordingly.
⏸️ 1. Suspension of Borrowing and Margin Trading
- May 17, 6:00 PM (UTC+8): EOS borrowing function will be disabled.
May 21, 4:00 PM – 6:00 PM (UTC+8):
- EOS/USDT margin trading will be temporarily suspended.
- All open margin orders will be automatically canceled.
- Users who have borrowed or collateralized EOS in margin or flexible lending must repay their positions before this window.
💡 Tip: Failure to repay borrowed assets may result in liquidation or ineligibility for the swap.
🔚 2. Delisting of EOS Perpetual Contracts
May 22, 4:00 PM (UTC+8):
- EOS/USDT and EOS/USD perpetual contracts will be delisted.
- All open positions will be settled using the arithmetic average of the OKX index price over the hour preceding delisting.
- All pending orders will be canceled at this time.
🔄 3. Disabling of Spot Trading and Related Services
May 26, 12:00 PM – 1:00 PM (UTC+8):
- Deposit, withdrawal, and internal fund transfer functions for EOS will be disabled.
May 26, 11:00 PM – 12:00 AM (UTC+8):
- All EOS spot trading pairs (EOS/USDT, EOS/USDC, EOS/USD, EOS/EUR) will be delisted.
- Pending orders will be canceled.
- Ancillary services such as instant exchange, copy trading, and automated strategies involving EOS will also be paused.
📸 4. EOS Account Snapshot
May 27, 8:00 AM (UTC+8):
- A full snapshot of all eligible EOS balances will be taken.
- Only assets in the main funding account at this exact moment will be counted.
✅ Note: OKX will automatically consolidate EOS from trading accounts into funding accounts prior to the snapshot.
🔄 5. Token Swap Execution
May 27, 8:00 AM – May 28, 6:00 PM (UTC+8):
- The actual token swap from EOS to A will take place.
- While OKX aims to complete the process within this window, delays may occur due to coordination with project teams and blockchain confirmation times.
📢 6. Post-Swap Announcement
Once the swap is finalized, OKX will issue an official announcement detailing:
- The launch time for A spot trading pairs.
- Availability of deposits and withdrawals for the new token.
✅ Eligibility and Important Requirements
Not all users or balances will automatically qualify for the swap. The following conditions must be met:
📌 Minimum Balance Requirement
- Users must hold at least 1 EOS (excluding pending orders) at the time of the snapshot to be eligible.
- Balances below this threshold will not be included in the swap.
🔐 Identity Verification Level
- Only users with KYC Level 2 or higher can participate in the swap.
- Those below Level 2 must complete verification before May 27, 8:00 AM (UTC+8).
🧾 Account Structure Considerations
- Sub-account balances: EOS held in sub-accounts will be included in the snapshot.
- However, post-swap, the new token A will be credited exclusively to the master account, not individual sub-accounts.
⚠️ Asset Status During Snapshot
EOS assets that are:
- In transit (pending deposit or withdrawal)
- Being transferred between accounts during the snapshot
- Will not be counted in the final tally.
❗ To avoid missing out, ensure all transfers are completed well before May 27.
🔄 What Happens After the Swap?
Once the migration is complete:
- Your EOS holdings will be converted 1:1 into token A.
- The new assets will appear in your funding account.
- EOS will no longer appear in your asset list or portfolio valuation.
- During the swap window, EOS will show zero value in your account.
The trading pairs, deposit, and withdrawal functions for A will be activated after OKX confirms readiness and announces the official relaunch schedule.
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❓ Frequently Asked Questions (FAQ)
Q: What does "1:1 swap" mean?
A: It means each EOS token you hold (that meets eligibility criteria) will be exchanged for one unit of the new token A, with no change in quantity.
Q: Why is my EOS balance not showing up after the snapshot?
A: If your EOS was in transit, below the minimum threshold (1 EOS), or held in an unverified account, it may not have been included. Contact support if you believe this is an error.
Q: Will I lose my EOS if I don’t do anything?
A: No — eligible balances will be automatically swapped. However, failure to meet KYC requirements or having assets in motion during the snapshot may exclude you from participation.
Q: Can I still trade EOS after May 26?
A: No. All spot and derivatives trading for EOS will cease by May 26. Plan your trades accordingly before services are suspended.
Q: When can I trade or withdraw token A?
A: Trading and withdrawal availability for A will be announced after the swap completes. Monitor OKX announcements for updates.
Q: Is the new token A a different blockchain?
A: While not specified in this notice, token swaps like this often involve migration to a new network. OKX will provide technical details (e.g., contract address, chain type) once available.
🛡️ Final Reminders from OKX
Digital assets are innovative investment instruments with high volatility and inherent risks. OKX reminds all users:
- Fully understand the nature of token swaps and blockchain upgrades.
- Assess your risk tolerance before holding or trading affected assets.
- Keep your KYC updated and funds in secure, eligible accounts ahead of major network events.
OKX remains committed to delivering secure, transparent, and user-friendly services during critical blockchain transitions like the EOS swap.
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By staying informed and proactive, you can navigate this transition smoothly and continue building your digital asset portfolio with confidence.