CandleFocus Major Cryptocurrency Exchange Decided to Shut Down Its Chain: Users Need To Take Steps By 10 January To Avoid Loss Of Assets
2024-11-24
Author: Content Editor
Huobi's Layer 1 blockchain HECO Network has announced that it will cease operations on January 15, 2025. The network, which has been a key component of the Huobi ecosystem since its launch in December 2020, will transition HRC20 assets into the platform's token, HTX. Users holding HRC20 assets are required to deposit them to designated addresses before January 10, 2025. These assets will be converted into points based on their price on November 10, 2024, and will be redeemed for HTX tokens after the deadline. The redemption process will occur in 12 batches, and users will receive HTX tokens in TRON network addresses provided during the process.
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