Dear users,

AscendEX has completed adjustments as follows in support of the Swingby (SWINGBY) contract migration:

1.  The deposit and withdrawal services for SWINGBY over ERC20 are available on AscendEX.
2.  The est. APR of SWINGBY Staking has returned to the original level and the Staking rewards are block rewards generated from the Swingby nodes.
3.  SWINGBY BEP2 in all AscendEX’s accounts have been swapped to SWINGBY ERC20. New SWINGBY Contract Address: https://etherscan.io/address/0x8287C7b963b405b7B8D467DB9d79eEC40625b13A (ERC20)
4.  The deposit and withdrawal services for SWINGBY over BEP2 are no longer available on AscendEX. Please select the right network for deposits and withdrawals to avoid any potential settlement issues.

See new SWINGBY Staking Rules below:

Deposit TokenSWINGBY
Reward TokenSWINGBY
Minimum Deposit Amount2,000 SWINGBY
Maximum Deposit AmountN/A
Minimum Staking PeriodDeposit and redeem anytime
Reward Calculation Starting TimeT+1 Days
Reward Distribution Starting TimeT+2 Days
Reward Distribution CycleDaily
Minimum Redemption Amount2,000 SWINGBY
Regular Unbonding Period10 Days
Instant Unbonding (Real-time arrival)Supported
Instant Unbonding Fee3%
Compound ModeNot Supported
Staked Assets as Margin CollateralNot Supported
Staked Assets as Futures CollateralNot Supported

Thank you for your continued support!

The AscendEX Team

Website: https://ascendex.com
Twitter: https://twitter.com/_AscendEX
Telegram Group: https://t.me/AscendEXEnglish