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Crypto.com App and Exchange to Support Ellipsis Token Migration

EPS will be converted to EPX at a 1:88 ratio after 6 May 2022 at 06:00 UTC

Apr 29, 2022

In support of Ellipsis.finance’s token migration, we will be delisting EPS on 6 May 2022, 06:00 UTC for both the Crypto.com App and Exchange. Here’s what users can expect:

Crypto.com App

Deposits, withdrawals, and trades will be suspended. By the aforementioned date and time, all EPS balances will be converted to EPX in the ratio of 1 EPS : 88 EPX. We will notify users again when the conversion is complete. 

Crypto.com Exchange

Please see how Spot and Margin traders with EPS balances or open orders will be affected below:

Spot Trading

All open orders will be closed after this date and time. Any remaining EPS balances on this date will be converted to EPX  in the ratio of 1 EPS : 88 EPX.

Margin Trading

New Margin loans of EPS will be suspended with immediate effect. Any outstanding EPS margin loans and/or pending orders created previously will be cancelled after 6 May 2022, 06:00 UTC.

All remaining EPS funds in open orders and EPS balances in the user’s Margin Wallet after 6 May 2022, 06:00 UTC will be moved to their Spot Wallet*. From there, EPS will be converted to EPX in the ratio of 1 EPS : 88 EPX. 

We will notify users again when the conversion is complete. 

Important: The EPX Contract Address is 0xAf41054C1487b0e5E2B9250C0332eCBCe6CE9d71

Important Notes:

  • This token migration may be dilutive to EPS holders, depending on the relative prices of EPS and EPX.
  • Deposits, withdrawals, and trading of EPS will be suspended after 6 May 2022 at 06:00 UTC. EPS tokens deposited/withdrawn into/from your Crypto.com App and Exchange (Spot and Margin) accounts after this date will not be accepted. Please allow sufficient time for processing EPS deposits/withdrawals prior to this date and time. 
  • *The transfer of EPS from the user’s Margin Wallet to Spot Wallet after 6 May 2022, 06:00 UTC might lead to liquidation if their Margin Score falls below the liquidation threshold. This is performed because the user has insufficient collateral.

Tags

App

EPS

EPX

Exchange

Token Migration

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