Dear Users,
Biconomy is fully committed to supporting the migration of SquidGrow (SQUIDGROW) tokens from Binance Smart Chain (BSC) and Ethereum (ETH) chains to a new contract on the Ethereum chain. This migration aims to optimize the long-term development of the SquidGrow project and enhance the liquidity and security of the token.
Migration Details
- Total Supply Adjustment: The total supply of SquidGrow will be reduced from the current 2 quadrillion (2 QT) to 1 billion (1 B).
- Token Name and Code: The token name will remain “SquidGrow,” and the token code will be updated to “SQGROW.”
- Exchange Ratio: The exchange ratio between the old and new tokens will be calculated by dividing the current holdings by 2 million.
Important Dates
- Migration Date: September 12th 16:00 2024 （UTC）
Contract Addresses
- Old Contract Address: https://bscscan.com/token/0xd8Fa690304D2B2824D918C0c7376e2823704557A
- New Contract Address: https://etherscan.io/token/0xb72e76ccf005313868db7b48070901a44629da98
SquidGrow (SQUIDGROW) official announcement:
https://medium.com/@SquidGrow/squidgrow-token-migration-announcement-bsc-discontinued-6067183f7e99
Deposits and Withdrawals
- SQUIDGROW deposits are closed;
- SQUIDGROW withdrawals and transactions will be closed at 2024-09-09 14:00 (UTC);
- The token swap ratio is 2,000,000 SQUIDGROW : 1SQGROW;
- After the token swap, SquidGrow (SQUIDGROW) will be renamed SquidGrow (SQGROW).
Please note:
- Biconomy will assist users who hold SQUIDGROW tokens in their Biconomy accounts to handle any technical issues involved;
- After the replacement, Biconomy will no longer support the recharge of old SQUIDGROW tokens.
- Please confirm carefully before recharging to avoid asset loss;
- The time for SQGROW recharge, withdrawal and trading will be notified separately.
To ensure the smooth execution of the migration process, Biconomy will temporarily suspend deposits and withdrawals of SquidGrow (SQUIDGROW) during the migration period. These services will be resumed as soon as the migration is complete, and an announcement will be made to inform you accordingly.
Please stay informed by following our official announcements during the contract migration to ensure your tokens are converted smoothly. If you have any questions or need assistance, please feel free to contact Biconomy’s customer support team.
Thank you for your continued support of Biconomy and the SquidGrow project!
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Thanks for your support!
Biconomy Team
09/08/2024
Biconomy is a global digital asset trading platform. We are proud to provide fully transparent trading, listing and digital asset development services. Thanks to every user for their support to us, please look forward to Biconomy's innovative products!
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