According to the Kyber team, as part of the Kyber Network Crystal (KNC) token migration, the legacy KNC will be swapped for the new KNC at the swap ratio of 1:1. Gate will support the token swap and swap all the KNC tokens on Gate for users.
The swap ratio : 1:1
New token contract address: 0xdeFA4e8a7bcBA345F687a2f1456F5Edd9CE97202
Gate’s KNC Token Swap Date: May 9th，2021
If your KNC tokens are on Gate, you do not need to do anything in particular. If you want to get your KNC token migrated effortlessly to the new token on Gate, please deposit your KNC token to Gate before May 9th. During the process of swap, KNC trading markets will not be affected.
Important Notice:
After this swap, Gate will support the new KNC tokens only. If you deposit the legacy KNC tokens to Gate, they will be credited as KNCL to your account and you may withdraw them to your personal wallet and swap yourself.
Deposit KNC at：https://www.gate.com/myaccount/deposit/KNC
KNC/USDT Market: https://www.gate.com/trade/knc_usdt
KNC/ETH Market: https://www.gate.com/trade/knc_usdt
Learn more about the token swap: https://blog.kyber.network/knc-token-migration-guide-fda08bfe62c2
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April 27, 2021
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