According to the BitTorrent official announcement, the mainnet of BTTC was launched on December 12, 2021 and the old BTT tokens will be redenominated and swapped with the new BTT tokens at a ratio of 1:1000.
In order to avoid issues caused by price changes due to the BTT split, Poloniex will delist the BTT/USDT perpetual contracts at 08:00 AM on January 11, 2022 (UTC).
All open positions of this contract will be settled at the average of the index price in the last 60 minutes before delisting, and all open orders will be canceled. If the index prices are abnormally manipulated an hour before the delisting, the platform may adjust the delivery price to a reasonable level according to the actual situation.
Users are not able to place any orders from 07:30 AM on January 11, 2022 (UTC), but users could cancel orders and close positions. The current funding rate at 08:00 AM on the day of delisting will be 0, and no other fees will be charged.
Considering that the market may fluctuate sharply before the contract delisting, users are suggested to control the risks by reducing the leverage or closing positions in advance.
For the re-listing time of the BTT/USDT perpetual contact, please follow our official announcements.
January 10, 2022