Hello INDODAX Members,
We hereby inform you of network migration and merging of LYFE (Lyfe) and LLAND (Lyfe Land) tokens into LYFE [NEW]. Currently, the LYFE & LLAND tokens registered and traded in the INDODAX wallet are the Lyfe (LYFE) using the BEP2 network and the Lyfe Land (LLAND) using the ERC20 network.
INDODAX will support the migration and merging of LYFE & LLAND on November 23, 2022 by merging LYFE & LLAND into LYFE [NEW] with the ERC20 network.
INDODAX will carry out maintenance of the LYFE & LLAND network and temporary suspension of LYFE & LLAND trading starting on Wednesday, November 23, 2022 at 10:00 PM (UTC+7) until Wednesday, November 30, 2022 at 2:00 PM (UTC+7). INDODAX will take a snapshot of the LYFE & LLAND wallet in the period from November 23 to November 30, 2022.
This network migration and merging between LYFE (Lyfe) and LLAND (Lyfe Land) tokens will be carried out by calculating the conversion of 1 LLAND to 1 LYFE [NEW] and 1 LYFE to 0.0016 LYFE [NEW]. The balance in the wallet will be automatically converted from the airdrop result when the LYFE [NEW] deposit is opened on Wednesday, November 30, 2022 at 2:00 PM (UTC+7) (LYFE and LLAND balances will be temporarily lost on Wednesday, November 30, 2022 at 10:00 PM (UTC+7) and will reappear during Open Deposit at 2:00 PM).
LYFE (OLD) & LLAND Conversion Simulation:
Members have 100 LLAND & 100 LYFE (OLD) before migration, following is the calculation of how many LYFE (NEW) will be obtained after migration and merger:
100 + (100 * 0.0016) = 100.16 LYFE (NEW)
For members who still keep LYFE & LLAND tokens in the INDODAX wallet, no need to worry, because you will automatically get LYFE [NEW] tokens with a new network according to the number of LYFE & LLAND kept before migration and merging prior to December 1, 2022.
The following is information about LYFE [NEW]:
Name: Lyfe
Ticker: LYFE
Network: ERC20
Total Supply: 250,000 LYFE
Contract Address: 0xd87de4cCef2c2FE651bc4d130cb1A365248f21fA
We hope that members who wish to deposit and withdraw LYFE [OLD] and LLAND tokens to ensure the source or destination of wallets that support LYFE [OLD] tokens with the BEP2 network and LLAND with the ERC20 network in order to prevent possibility of losing assets during the deposit and withdrawal process.
Reference:
https://medium.com/@lyfeholdings/lyfe-integration-b008fc6b847c
https://medium.com/@lyfeholdings/mekanisme-migrasi-lyfe-lland-ke-lyfe-yang-baru-1f01442a7889
Regards,
INDODAX – Indonesia Bitcoin & Crypto Exchange
