Users Need To Take Steps By 10 January To Avoid Loss Of Assets

Huobi’s Layer 1 blockchain HECO Community has introduced its official sundown date and introduced that it’s going to stop operations on January 15, 2025.

Launched on December 10, 2020, the HECO Community has served as a key a part of the Huobi ecosystem, however will now transition HRC20 property to the platform’s token, HTX.

In an announcement, HECO outlined the steps for customers who personal HRC20 property, together with HRC20ETH, HRC20TUSD, HRC20LINK, HRC20USDC, HRC20UNI, HRC20SHIB, HRC20HBTC and HRC20USDT. Customers should deposit these property earlier than January 10, 2025 on the addresses indicated on HECODAO’s official web site.

Deposited property can be transformed into factors primarily based on their worth on November 10, 2024, the place 1 USDT is the same as 1 level. These factors can be linked to the pockets addresses related to customers’ HECO accounts.

After the January 10, 2025 deadline, all factors collected can be topic to closing calculation and exchanged for HTX tokens.

The method is accomplished in 12 batches and customers will obtain HTX tokens on the TRON community addresses supplied throughout the redemption course of.

*This isn’t funding recommendation.