Announcement on Maker (MKR) Token Swap and Rebranding to Sky (SKY)

Dear Users,

Pionex will support the token swap and rebranding of Maker (MKR) to Sky (SKY). Accordingly, the following adjustments will be made to MKR-related features:

1. Delisting of Future Trading Pair and Leveraged Tokens
At 08:30 (UTC) on Sep 1st, 2025, the MKR/USDT future trading pair and MRK2L/USDT, MRK2S/USDT leveraged tokens will be discontinued and delisted. All open orders and related bot orders will be canceled.

2. Discontinuation of Offering in the MKR Flexible Product in Earning
- At 2:00 (UTC) on Sep 8th, 2025, the offering of the MKR flexible product in Earning will be discontinued. 
- Before 2:00 (UTC) on Sep 8th, 2025, profits will be distributed as usual.
- After 2:00 (UTC) on Sep 8th, 2025, MKR assets will be automatically redeemed to your primary account.

3. Delisting of Spot Trading Pairs
At 03:00 (UTC) on Sep 8th, 2025, MKR/USDT and MRK/BTC spot trading pairs will be discontinued and delisted. All open orders and related bot orders will be canceled.

4. Suspension of Deposit and Withdrawal Services
At 03:00 (UTC) on Sep 8th, 2025, deposits and withdrawals for MKR will be suspended.

5. MKR Position Snapshot and Token Swap
After the trading pairs are delisted, a snapshot of users holding MKR will be taken. Eligible users will receive Sky (SKY) tokens at a 1 MKR = 24,000 SKY ratio.

6. Reopening of SKY Trading
The trading pairs of SKY/USDT is expected to be reopened at 09:00 (UTC) on Sep 17th, 2025.

Risk Warning:

Trading in the crypto market carries a substantial risk and the possibility of making both significant profits and losses. Please trade cautiously. Though Pionex will try its best to choose high-quality assets, Pionex cannot assure any profit and will not be responsible for your trading loss.

Thank you for your continued support of Pionex!

Pionex Team
July 23th, 2025