Bibox Supports YAM Migration

Dear Biboxers,

According to the latest update by the YAM project, the Bibox team will support the YAM migration plan. The arrangements are as following:

1. YAM withdrawal will be resumed from 6 PM on 8/20/2020 to 3:50 PM on 8/21/2020 (GMT+8). Users can withdraw YAM to initiate the migration or choose Bibox as the migration proxy. (Please keep the YAM in your Bibox wallet or exchange account.)
2. At 3:50 PM on 8/21/2020 (GMT+8), Bibox will support YAM Rebase for the last time and then suspend YAM deposit, withdrawal, and trading.
3. After the conclusion of this Rebase, Bibox will begin YAMv2 migration. Its deposit/withdrawal/trading time is to be determined. Please stay updated with Bibox official announcements.
4. Bibox team will, by default, become your migration proxy if you do not withdraw YAM before 3:50 PM on 8/21/2020 (GMT+8). Please beware of the withdrawal deadline. 
5. Please be aware that, after 00:20 on 8/23/2020 (GMT+8), YAMv1 will be no longer eligible for migration, nor will Bibox support the migration. If you decide to initiate the migration, please be aware of the migration process.
6. Since this announcement, Bibox no longer accepts YAMv1 (the tokens before the migration) deposit. Depositing YAMv1 may result in asset loss. 

Related link:

https://yam.finance/

Risk Warning：

Cryptocurrency investments are risky. Please make investments wisely according to your own risk tolerance.

Thank you for your support to Bibox.

8/20/2020

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