Alchemin will update its Smart Contract during 13:00-16:00 on 1st of August, 2018(Beijing time) and conduct a brand update for its token. The name of its token will update from SDT(Special Drawing Token) to SDS(Standards). Once the update is completed, all SDT holders will get the same amount of SDS in their SDT address and the original SDT will not be useful anymore.
CoinMex will cooperate with Alchemin to stop the deposit and withdrawal functions of SDT from 10:00 on 1st of August.
On 12:00 on 1st of August, SDT/ETH omni-channel trading functions will start to stop and the existent orders with this trading pair will be automatically cancelled.
Before 17:00 on 1st of August, the asset update from SDT to SDS will be triggered according to a ratio of 1:1.
After the update, CoinMex will, in the meanwhile, open the deposit of SDS and the trading functions of SDS/ETH.Only after fully verifying the stability of SDS smart contract will CoinMex open SDS withdrawal function, this verification is estimated to be done within two business days.
The brand update and main-net exchange platform update this time will be actively achieved and your digital assets will be greatly guaranteed during the whole process.Alchemin will also make great efforts to realize the application of blockchain network, thus bestowing more expansive value for SDS assets.