Dear Biconomy Users,
To enhance network performance and improve user experience, we plan to migrate the current XRP tokens from the BEP20 network to the XRP mainnet. This upgrade will result in faster transaction confirmations, lower network fees, and improved token liquidity and security.
1. Migration Timeline
- Start Time: 8:00, October 28, 2024 (UTC)
- End Time: Expected to complete within 24 hours
2. Impact Scope
- Deposit and Withdrawal Suspension:
During the upgrade, XRP token deposits and withdrawals will be temporarily suspended. Please plan your transactions in advance to avoid disruptions. - Trading Unaffected:
The upgrade will not affect XRP trading within our platform, and users can continue to trade as usual.
3. Actions Required from Users
- For Users Holding XRP on the Platform:
No action is required if your XRP tokens are stored in your platform account. We will handle the migration for you automatically. - For External Wallet Users:
Please ensure your XRP tokens are transferred to a wallet that supports the XRP mainnet before the upgrade to avoid token loss or failed transactions.
After the migration, use XRP mainnet addresses for all deposits and withdrawals.
4. Changes After the Upgrade
- After the upgrade, only XRP mainnet addresses will be supported. BEP20 addresses will no longer be valid for XRP transactions.
- The new XRP mainnet addresses will offer enhanced compatibility and better cross-chain support.
5. Risk Reminder
- Please stay updated by following our announcements for the latest information on the upgrade.
- If you encounter any issues, don’t hesitate to contact our customer service team for assistance.
Thank you for your trust and support! Should you have any questions, please reach out to us through official channels. We are always here to help.