According to the official announcement of Polygon (MATIC) , Polygon (MATIC) will be merged and exchanged into Polygon Ecosystem Token (POL) tokens at a ratio of 1:1. UBX will support this token exchange and provide token exchange services to users. Users on the platform can complete the exchange without any operation.
UBX schedule details are as follows:
1. Spot Trading
UBX will suspend the deposit, withdrawal and trading services of Polygon (MATIC) at 15:00 on September 10, 2024 (UTC+8). Please note that MATIC tokens deposited thereafter will not be credited to your account.
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After the token swap, the code of MATIC token on UBX was changed to POL (1 MATIC = 1 POL).
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Reclaim all MATIC balances and start distributing POL to all eligible users at a 1:1 ratio.
Please note:
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After the token swap, UBX will no longer support the recharge of old MATIC tokens.
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After the token exchange is completed, the opening time of the new POL recharge, withdrawal and trading services will be announced to users separately.
2. Contract trading:
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The MATICUSDT contract trading pair will be delisted from 17:00 (UTC+8) on September 4, 2024. The closing function, closed orders, and stop-profit and stop-loss of the MATICUSDT contract will not be affected.
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Users who still hold MATICUSDT contract positions must close their positions before 16:30 (UTC+8) on September 4, 2024, when UBX will suspend MATICUSDT contract trading and cancel all related open orders. UBX will settle and close all remaining open positions.
3. Pledge financial management:
UBX will use POL as the new MATIC token code. All MATIC tokens will be automatically replaced with POL tokens at a ratio of 1 MATIC = 1 POL . Your current pledged orders will not be affected in any way. The MATIC tokens of existing orders will be directly exchanged for POL at a 1:1 ratio. Users on the platform can complete the exchange without any operation.
If you have any questions or need help, please feel free to contact UBX customer service team.
I wish you all a happy trading!
UBX Team
September 3, 2024
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