Ellipsis Token Migration Delays on Binance

Binance tweeted that has been a delay in the Ellipsis token migration. They’ll need time to migrate, redenominate, and rename the EPS token to EPX.

Binance postponed the EPX allocation to every eligible user and halted EPS deposits and withdrawals. Trades for EPX/USDT and EPX/BUSD, initially slated for May 18th 04:00 (UTC), got pushed back to May 23rd 04:00 (UTC). After the token movement is complete, Binance will issue a separate statement informing users when EPX deposits and withdrawals will be available.

Previous Ellipsis (EPS) Token Migration Plans

Binance will stop all EPS/BUSD and EPS/USDT isolated borrowing on May 3rd. Binary will be delisting the EPS/USDT and EPS/BUSD isolated margin trading pairs on May 6th. After that, automatic payment and cancellation of all outstanding EPS margin orders. Relisting will receive its notification.

The EPS spot trading pairs will get delisted, and every pending order for EPS spot, withdrawals, and deposits will get canceled on August 5th. At 04:30 UTC on 2022-05-09, Binance will halt EPS deposits and withdrawals. Binance will start distributing EPX to only eligible users after all EPS recovery. The difference between EPX and EPS is that 1 EPS equals 88 EPX.

EPX/BUSD and EPX/USDT spot trade pairs will be opening on May 18th at 04:00 (UTC). After the EPX token movement is complete, Binance will issue another statement informing users when to start depositing and withdrawing EPX.

Another Token: EPX

The EPX token would replace the EPS token. The transition to the new Ellipsis token will start on March 31st and last indefinitely. The new coin will be unavailable for transfers or trading the protocol’s launch. The EPX coin will differ from the EPS token in a few ways. For each EPS coin they move, users will earn 88 EPX tokens. Before migration starts, guidance will get published in the paperwork.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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