Poloniex will support the MDT swap to XCN (the native token for Chain).
Through a previously announced acquisition, the Measurable Data Token ecosystem, which includes the MDT Token, RewareMe, MeFi, and the development team behind these projects, will join the Chain ecosystem.
The total swap ratio of MDT to XCN is 1 XCN for every 1 MDT token burned. (referenced as “Token Swap”)
- Deposits and withdrawals of MDT will be suspended in advance of the snapshot (Planned for September/October 2022 timeframe) Will notify users when we get a specific date
- Trading will be disabled in advance of the snapshot
- Poloniex will delist all existing MDT and cancel all pending spot orders
- Poloniex will complete a distribution of XCN to all eligible users at a ratio of 1 XCN = 1 MDT
- As a customer you will have no actions to take during this migration
August 23, 2022