According to the official plan of VALUE DeFi Protocol, the details are as follows:
YFV will be replaced with VALUE in a ratio of 1:1. BW will support the replacement and reopen VALUE / USDT. The specific arrangements are as follows:
- Withdrawal and deposit of FYV are temporarily closed;
- At 17:00 on November 4, cancel all YFV orders and close all YFV trading pairs (YFV / USDT), and ask the user to cancel the order in time, and the system will automatically cancel the order if it is overdue. After closing the transaction pair, the YFV held by the user will be replaced with VALUE according to the proportion of "1 YFV = 1 value";
For the VALUE / USDT and the time for reopening the value, you can pay attention to the announcement on the official website later.
After the replacement, the YFV assets you hold will be converted to VALUE.
Matters needing attention:
1. The user holding YFV assets must choose an opportunity to close the position and cancel the order in time before the transaction is closed. The system will automatically carry out closing, clearing and cancellation operations at the specified time, and return the relevant assets to the account.
2. After the transaction is closed, because the real-time price of YFV cannot be obtained through the market side, the YFV valuation will not be displayed (the total assets of account is not included in YFV), and your actual assets will not be affected.
3. Digital asset trading is a high-risk trading method, which may lead to partial or total loss. Please be sure to understand the currency information in detail before trading, and make a prudent decision on whether to trade within the risk range you can bear.
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BW app download address: https://www.bw.io/appDownload
BW.com Global operations team
Nov 4, 2020