SOC Upgrade and Migration Update: Service Restoration Timeline for Partner Exchanges

Socrates
2 min readDec 10, 2024

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Dear Socrates community members,

To facilitate the upgrade of the SOC token contract, the Socrates team, along with BitMart, LBank, and BingX, is conducting token swaps at a ratio of 1:1. All SOC swaps will be handled automatically and seamlessly. According to the upgrade schedule, SOC deposit, trading, and withdrawal functions on the exchanges will be restored at the following unified times:

  • Deposit resume: 7:00 AM UTC, 11 December 2024
  • Trading resume: 7:00 AM UTC, 12 December 2024
  • Withdrawal resume: 7:00 AM UTC, 13 December 2024

BitMart, LBank, and BingX will resume these functions in stages as outlined above. Your tokens will be automatically swapped at a ratio of 1:1 without any need for manual intervention.

Important reminders

  1. After the upgrade, SOC deposits and withdrawals will only be supported on the SOL chain. Please note that SOC tokens using the ERC20 protocol will no longer be accepted. If you are holding such SOC tokens, please complete the swap on the Socrates platform to obtain the new SOC tokens.
  2. Each exchange will resume deposits, trading, and withdrawals as per the specified timeline. Kindly stay tuned for platform announcements to ensure smooth transactions once the functions are resumed.

We sincerely apologise for any inconvenience incurred and greatly appreciate your patience and support. Together with our partners, the Socrates team is committed to delivering exceptional service. Thank you for your trust and continued support!

Socrates Team

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Socrates
Socrates

Written by Socrates

Socrates is an AI and web3 social media platform. We stand as a brand dedicated to fostering intellectual exchange and social development.

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