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LSK Migration

Pricey Clients, 

This submit accommodates an necessary discover relating to buyer belongings.

In response to the migration of Lisk (LSK) from its impartial blockchain to the Ethereum blockchain and issuance as tokens beneath the ERC-20 normal, bitFlyer Europe S. A. (hereinafter known as “bitFlyer”) will droop companies for LSK beginning round 10 am (CEST) on Monday, Could twentieth, 2024. Buy and promoting on Purchase/Promote, deposits and withdrawals, and bitFlyer Recurring Purchase will not be accessible from that date. bitFlyer is at the moment making ready to supply service for the newly issued ERC-20 normal tokens. Particulars will probably be introduced individually as quickly as they’re accessible.

Concerning the LSK Blockchain Migration

The token issuer Onchain Basis has introduced that the LSK tokens will probably be migrated from their impartial blockchain to the Ethereum blockchain and issued as ERC-20 normal tokens on Tuesday, Could twenty first, 2024. Apart from present LSK being migrated to L2 LSK, present LSK holders may also be granted Klayr (KLY) tokens issued on a brand new blockchain through airdrop. For extra data, please ee the next announcement by the token issuer.

https://lisk.com/weblog/posts/lsk-token-migration-snapshot-height-announcement

bitFlyer’s Response to LSK Blockchain Migration

  1. Info on present LSK

The present LSK blockchain will probably be terminated on Tuesday, Could twenty first, 2024 and buying and selling and token retrieval will turn into unattainable. For that purpose, bitFlyer will droop service for LSK from 10 am (CEST) on Monday, Could twentieth, 2024. Buy and promoting on Purchase/Promote, deposits and withdrawals, and bitFlyer Recurring Purchase won’t be accessible from that date.

  1. Info on L2 LSK

bitFlyer is at the moment making ready to supply service for L2 LSK. Nonetheless, this requires passing an examination by the JVCEA, which is anticipated to take a sure period of time, and the outcomes of the examination can’t be assured by bitFlyer. Particulars will probably be introduced individually as quickly as they’re accessible.

 

For Clients Holding Current LSKs After Service Suspension

For the case that bitFlyer can help L2 LSK, L2 LSK tokens will probably be allotted to every buyer at a 1:1 equal to their present LSK holdings. Nonetheless, please word that bitFlyer could not be capable of compensate prospects for his or her present LSK holdings if help for L2 LSK shouldn’t be attainable.

 

Please Be Conscious of the Following:

  • The LSK blockchain migration will probably be carried out by the token issuer and bitFlyer won’t be answerable for any adjustments or any losses incurred by prospects because of such adjustments.
  • Current LSK holders will be capable of declare L2 LSK at a 1:1 equal from the token issuer after the migration to L2 LSK. Nonetheless, prospects who hold LSK of their bitFlyer account won’t be able to make a direct request to the issuer. For those who want to make a declare to the issuer immediately, you will have to switch the LSK funds in your bitFlyer account to a non-public pockets earlier than bitFlyer suspends service for LSK.
  • With the migration of the present LSK to L2 LSK, there may be value fluctuations, or value gaps could happen on the timing of the migration. Costs are by no means assured by bitFlyer.
  • bitFlyer has not but decided proceed with the KLY that the token issuer intends to grant present LSK holders.

 bitFlyer EUROPE S.A.
Contact: https://bitflyer.com/en-eu/contact
HP: https://bitflyer.com/en-eu

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