Pionex will support SUN Redenomination and Upgrade Plan

Dear users,

Pionex will support the SUN Redenomination and Upgrade Plan.

To distinguish between the new and old SUN tokens, the old SUN tokens will be renamed as SUNOLD after the upgrade (hereinafter the old SUN tokens will be referred to as SUNOLD), and the new one will be called as “SUN.”

The redenomination will be arranged with the timeline as shown below:

• At 2021-06-01 13:50 (UTC+8), Pionex will halt trading for and subsequently delist  SUNOLD/USDT, and all pending orders and running bots will be canceled automatically.
• Pionex will take a snapshot of user holdings and distribute new SUN tokens to all eligible SUNOLD token holders at the ratio of 1 SUNOLD (old token) = 1000 SUN (new token).
• The re-opening time for the trading for SUN/USDT will be announced separately. Please stay tuned!

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

2021-05-28