Dear SOC Holders,
To enhance user experience, reduce gas fees, and fully leverage the high-performance features of the Solana blockchain, SOC tokens will be migrated from the Ethereum blockchain to the Solana blockchain. Following the migration, SOC tokens will fully transition to Solana, providing users with a more efficient and seamless service experience. Below are the details of the migration and exchange arrangements:
SOC Exchange Plan
Users holding cryptocurrency in their wallet can choose one of the following two methods for exchange：
1. Exchange via Socrates Platform
- Users can deposit Ethereum-based SOC tokens to the Socrates platform at any time.
- Starting December 5, 2024, the platform will enable deposit and withdrawal functions for Solana-based SOC tokens and simultaneously disable the withdrawal function for Ethereum-based SOC tokens.
- All Ethereum-based SOC tokens deposited on the platform will be exchanged for Solana-based SOC tokens at a 1:1 ratio until the migration is complete.
2. Exchange via Supported Exchanges
- Users can also deposit SOC tokens to participating exchanges (LBank, BingX, BitMart) to complete the cross-chain exchange with their assistance.
- Please refer to the announcements of each exchange for specific arrangements.
Token Details
- Name: SOC
- Blockchain: Solana
- Total Supply: 10 billion
- Circulating Supply: 583,000,000
- Exchange Ratio: 1:1
- Precision: 9 decimals
- New Contract Address:
CFTNeUvMFjS6jcvUBmTCGdr2T9cpx1jgnfS3tesT2h3p
If you have any questions, please contact our official support team through the following email:
- Email：support@socrates.com
Thank you for your continued support of SOC tokens and the Socrates platform!
Sincerely,
The Socrates Team
November 21, 2024
