ChainCatcher News – According to an official announcement, OKX will facilitate the DORA token migration in alignment with Dora Factory's official plan. Key details are outlined below:
Token Migration Details
Service Adjustments:
- DORA deposits and withdrawals are temporarily disabled, though trading remains operational.
- Post-migration, OKX will reactivate DORA deposit/withdrawal services exclusively for the new token. Old DORA tokens will no longer be supported.
👉 Learn more about OKX's token migration policies
Key Terms and Context
- Project: Dora Factory (decentralized governance infrastructure)
- Token: DORA (utility token for ecosystem participation)
- Process: Seamless 1:1 swap via OKX; no user action required for existing balances.
Why This Matters
Token migrations ensure protocol upgrades and enhanced functionalities. OKX's handling minimizes user disruption while maintaining market liquidity.
FAQ Section
Q: How long will DORA deposits/withdrawals be suspended?
A: Services will resume after migration completion, typically within 24–48 hours. Follow OKX's official updates.
Q: Will my existing DORA tokens lose value?
A: No. Holdings automatically convert to the new token at a 1:1 ratio.
Q: Can I trade DORA during the migration?
A: Yes. Trading continues uninterrupted on OKX spot markets.
Q: Where can I track migration progress?
A: Monitor OKX's announcement page for real-time updates.
Additional Notes
- No Action Required: Users with DORA in OKX accounts needn’t initiate swaps—the process is automatic.
- Post-Migration: Always verify token contract addresses when transacting externally to avoid scams.
👉 Explore OKX's security guidelines for token migrations
Disclaimer: Cryptocurrency investments carry risks. Conduct independent research before participating.
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