Crypto.com has officially completed the Zebec Protocol (ZBC) token migration, reissuing ZBC tokens as ZBCN tokens on both the Crypto.com App and Exchange. This strategic upgrade aligns with Zebec Protocol’s ecosystem evolution, offering enhanced utility and scalability.
Key Details of the ZBC Token Migration
Migration Completion
- ZBCN Token Issuance: Existing ZBC tokens have been converted to ZBCN at a 1:10 ratio (e.g., 1 ZBC = 10 ZBCN).
- Eligible Wallets: Balances in users’ Crypto Wallet (App) and Spot Wallet (Exchange) were automatically migrated.
Post-Migration Features
- Trading & Transfers: ZBCN is now live for trading, deposits, and withdrawals via Solana on Crypto.com platforms.
- Suspension of ZBC Services: As of 8 April 2024, ZBC trading, deposits, and withdrawals were discontinued.
Actions Taken During Migration
Crypto.com App
- All ZBC-related transactions (deposits/withdrawals/trades) were halted.
- Terminated Orders: Target Price Orders and Recurring Buys for ZBC were canceled.
Crypto.com Exchange
- Spot trading for ZBC ceased, and open orders were closed.
FAQs
1. What is the ZBCN token?
ZBCN is Zebec Protocol’s upgraded token, offering improved functionality within its ecosystem.
2. How was the conversion ratio determined?
The 1:10 (ZBC:ZBCN) ratio ensures equitable distribution while reflecting Zebec’s new tokenomics.
3. When will ZBCN services resume?
👉 Track real-time updates on Crypto.com’s status page
4. What happens to unmigrated ZBC tokens?
Only tokens held in eligible Crypto.com wallets were migrated. External holdings require manual action via Zebec’s official channels.
Next Steps
Users can now engage with ZBCN’s expanded features. Stay informed via:
👉 Crypto.com’s official announcements
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