Huobi Korea Will Support aelf (ELF) Mainnet Upgrade

Dear Users,

To support the aelf (ELF) mainnet upgrade, Huobi Korea will convert ERC-20 ELF tokens to mainnet ELF tokens automatically for holders. The rewards for the token swap will be delivered to users' accounts in accordance with the aelf official announcement. Deposits and withdrawals for ERC-20 ELF tokens will be disabled once the upgrade is completed.

Click HERE for aelf (ELF) official announcement on the token swap.

The detailed arrangement is as follows:

1. Suspension of Deposits and Withdrawals

The deposits & withdrawals for ERC-20 ELF tokens will be suspended starting from 02:00 (UTC) on Sept. 16, and the resumption will be announced in a further announcement. Please note that its trading services will be unaffected during the mainnet upgrade.

2. Snapshot and Token Swap Rewards

• A system snapshot will be taken at 16:00 (UTC) on Sept. 16, covering ELF balances in the Exchange account and Margin account (For tokens that are borrowed but not repaid, the unpaid ones will be deducted; the interest that should be returned will also be deducted). The balances snapshotted in sub-accounts and parent accounts will be counted separately.
• The token swap rewards will be sent to users' Exchange accounts with a proportionate distribution based on users' balances snapshotted. A further announcement will be released once the reward distribution is finished.

Please Note:

Considering the complex migration process, please deposit ELF tokens to Huobi Korea before 02:00 (UTC) on Sept. 16. We will handle all matters for you.

Thank you for your support!

Huobi Korea

Sept. 15, 2021