Huobi’s Layer 1 blockchain HECO Community has introduced its official sundown date, asserting that it’s going to stop operations on January 15, 2025.
Launched on December 10, 2020, the HECO Community has served as a key part of the Huobi ecosystem, however will now transition HRC20 property into the platform’s token, HTX.
In a press release, HECO outlined the steps for customers holding HRC20 property, together with HRC20ETH, HRC20TUSD, HRC20LINK, HRC20USDC, HRC20UNI, HRC20SHIB, HRC20HBTC, and HRC20USDT. Customers must deposit these property to the addresses designated on HECODAO’s official web site earlier than January 10, 2025.
Deposited property will probably be transformed into factors primarily based on their value on November 10, 2024, with 1 USDT being equal to 1 level. These factors will probably be linked to the pockets addresses linked to customers’ HECO accounts.
After the deadline of January 10, 2025, all accrued factors will probably be topic to last calculation and redeemed for HTX tokens.
The method will probably be accomplished in 12 batches and customers will obtain HTX tokens within the TRON community addresses offered through the redemption course of.
*This isn’t funding recommendation.
