• The withdrawals and deposits of token MATIC will be unavailable at 06:00 (UTC) on September 3, 2024 . Please ensure that you leave sufficient time for your MATIC deposits to be fully processed prior to this time.

• Disabling of all MATIC spot (and margin) trading pairs and cancellation of all pending MATIC orders (MATIC /USDT, MATIC /BTC，MATIC/TRX) will take place at 02:00 (UTC) on September 9, 2024.

• Snapshots of users' positions will be taken at 16:00 (UTC) on September 9, 2024, after all orders are canceled. Users' MATIC will be converted to POL on a 1:1 basis.

• Opening of deposits, withdrawals, and trading of POL will be subsequently announced, please stay tuned.

• Polo Earn has ceased support for MATIC Staking Product. Subscription is no longer available. From 2024-09-02 06:00 (UTC), all remaining MATIC Staking product positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Wallets. Users can choose to redeem their assets from MATIC Staking product anytime before 2024-09-02 06:00 (UTC).
• Poloniex Margin has ceased the loan service for borrowing MATIC in margin trading. Additionally, starting September 5, 2024, at 06:00 (UTC), MATIC will no longer be available as a margin asset. Users who do not promptly repay their loans will trigger compulsory repayment, which may lead to partial or total liquidation of their margin assets. To protect your assets from being affected by delisting, we advise users with MATIC loans or those using MATIC as a margin asset to complete manual repayments and replace MATIC with different cryptos as collateral before the deadline.

POL Contract address:https://etherscan.io/address/0x455e53CBB86018Ac2B8092FdCd39d8444aFFC3F6  

Project Official Announcement: Save the Date: MATIC → POL Migration Coming September 4th. Everything You Need to Know (polygon.technology)  

Please Note:

1. The system will cancel MATIC orders at the specified time and return the assets involved to your Spot account automatically, please cancel all pending orders before 02:00 (UTC) on September 9, 2024 to avoid any risks.

2. The system will suspend the display of MATIC price once trading has been disabled. MATIC will be excluded from the calculation of users' total balance, and your actual holdings will not be affected.

3. Poloniex reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Poloniex makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Poloniex. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.

4. Anything contained in any of Poloniex promotions, announcements, banners, or other publications (hereinafter referred to as "Promotion") is for information purposes only and should not be construed as trading advice or recommendations. Poloniex makes no representations or guarantees in respect of any Promotion or any activity on Poloniex conducted by users as a Promotion is carried out at their own risk. Poloniex shall not be liable for any losses users may incur from such activities.

Poloniex Team

August 30, 2024