Hello INDODAX Members,
We would like to inform you that INDODAX will support a token split and smart contract migration for the NeoIDR (NEOIDR) token, in alignment with the latest updates from the NeoIDR development team.
Here are the details for INDODAX Members regarding a token split and migration of the NeoIDR (NEOIDR) crypto asset:
- INDODAX will facilitate the NeoIDR (NEOIDR) token split at a ratio of 1:1,400,000, based on a snapshot that will be taken on Tuesday, May 6, 2025. This process will not affect the total value of users holdings, however the number of tokens in circulation will increase according to the ratio. The estimated distribution will be carried out on Wednesday, May 8, 2025 at 14:00 WIB (UTC +7).
- Trading, deposit, and withdrawal activities for the NEOIDR token will be temporarily closed on Monday, May 5, 2025 at 14:00 WIB (UTC +7) and will reopen on Wednesday, May 8, 2025 at 14:00 WIB . The newly converted NEOIDR tokens will be directly accessible in the INDODAX Members wallet and the previous trading, deposit, and withdrawal history of INDODAX members will be deleted.
Note: Please be advised that any NEOIDR deposits made after the stated time will not be converted and will not be refunded. INDODAX members who still have open orders during the migration will have them automatically canceled, so when the market reopens, no INDODAX member will have open orders in the NEOIDR market. - The migration process will be fully managed by INDODAX.
- NeoIDR (NEOIDR) Token Contract Details
Old NEOIDR Contract Address
0x27778E14Ce36d3B85e1efFeB43816a17bBB7088A (ERC20)
0xde9165bdcde72279a42ef6b49abebcbba9d43b1d (BEP20)New NEOIDR Contract Address
0xc3313a63fB1f963B9AB927b35CDb99506E1a00F3 (ERC20)
Example Calculation of NEOIDR Token Split
Token Split Ratio:
1 old NEOIDR = 1,400,000 new NEOIDR
Example 1
If you have 5 old NEOIDR before the token split, then after the split:
New token amount: 5 × 1,400,000 = 7,000,000 new NEOIDR
Estimated price per token after split: Rp1*
Total value after split: 7,000,000 new NEOIDR × Rp1 = Rp7,000,000
Example 2
If you have 0.25 old NEOIDR:
New token amount: 0.25 × 1,400,000 = 350,000 new NEOIDR
Estimated price per token after split: Rp1*
Total value after split: 350,000 new NEOIDR × Rp1 = Rp350,000
With the calculation above, even though the price per token decreases, your total asset value does not change after the token split. Everything will be adjusted to remain proportional.
Notes: *The price above is an estimate. Final price will depend on market conditions at the time of transaction.
For further inquiries and information, please contact Customer Support INDODAX at [email protected] or (021) 50658888.
Regards,
INDODAX – Indonesia Bitcoin & Crypto Exchange
