Many SunCrypto users use our platform exclusively for trading cryptocurrencies and do not have an external crypto wallet. When a coin is delisted from our platform, these users often face the problem of either selling their holdings at a loss or struggling to transfer the coins to another exchange or wallet.
We understand that this situation can be frustrating, and we are committed to providing a better solution for our community.
Auto-Conversion of Delisted Coins to USDT
To address this issue, we have implemented a system that will automatically convert your delisted coin holdings into USDT (Tether), which is a stablecoin pegged to the value of the US dollar.
This conversion will be based on the market value of the delisted coins at the time of the conversion, ensuring that users retain as much value as possible from their holdings. This solution aims to minimize the impact of the delisting and give users a practical way to manage their assets without suffering substantial losses.
Delisted Coins: EarthFund (1EARTH), Kilt Protocol (KILT), Safemoon (SFM), Mithril (MITH), YooShi (YOOSHI), Primal (PRIMAL), Degen Zoo (DZOO), Shill Token (SHILL), and Monsta Infinite (MONI)
The auto-conversion process will be completed after October 15, 2024 for the delisted coins, allowing users to see the equivalent USDT in their SunCrypto account after this date. You can then use these USDTs to trade or invest in other assets available on our platform.
Note: Users have the time to withdraw these tokens to their personal wallet or any other crypto exchange before October 15, 2024.
How Does It Work?
If you are holding any of the delisted coins and have not transferred them to a personal wallet or another exchange by October 15, SunCrypto will take the following steps:
▪️ Auto-conversion: Your holdings of the delisted coins will be converted into USDT at the market price of the coins at the time of conversion.
▪️ Credit in your account: The equivalent amount of USDT will appear in your SunCrypto account, where you can use it for trading or buying other assets.
This seamless process ensures that users who are not able to manage the transfer of their assets to other platforms don’t lose the opportunity to retain their funds’ value.
Why Does SunCrypto Delist Coins?
At SunCrypto, our priority is protecting our users from potential risks. Although delisting coins is not a step we take lightly, it is sometimes necessary. Coins are delisted when the associated projects fail to meet our listing criteria or pose increased risks to users.
By delisting such coins, we aim to protect you from potential losses that may arise due to the project’s poor liquidity, declining value, or other operational issues.
In conclusion, SunCrypto’s auto-conversion feature ensures that you are not left stranded with delisted coins, helping you retain value in the form of USDT. Stay informed about any upcoming delistings and use this opportunity to manage your portfolio wisely.
If you have any questions about this update or need assistance, feel free to contact our support team at [email protected].
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared, if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you do your own research or consult an expert before making any investment decision.