Pionex will support SingularityNET (AGI) HardFork & Token Migration Plan

Dear users,

Pionex will support the SingularityNET (AGI) hard fork and token migration plan with a timeline as shown below:

• At 2021-05-28 12:50 (UTC+8), Pionex will halt trading for and subsequently delist  AGI/BTC, and all pending orders and running bots will be canceled automatically.
• Pionex will take a snapshot of user holdings and distribute new AGIX tokens to all eligible AGI token holders at the ratio of 1 AGI = 1 AGIX.
• At 2021-06-03 12:00 (UTC+8), Pionex will open trading for AGIX/BTC trading pairs.

Please note:

• The community has approved a proposal to mint an additional 1 billion AGIX tokens (double its current total token supply of 1 billion) on the Cardano Chain, to be gradually released at a declining rate over the 91 years after they are minted. (Vote results here)
• After the token migration is executed, existing token holdings could potentially be diluted by up to 50% if no action is taken.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Pionex will make the best efforts to choose high-quality coins, but will not be responsible for your trading losses.

Thanks for your support!

Pionex Team

2021-05-27