There are significant changes on the horizon regarding the Aragon Network Token (ANT) on our platform. To ensure you are well-informed and know what to expect, we are sharing all the details about the upcoming delisting of ANT on Knaken in this blog post. We will explain what this means for you, what steps we are taking, and how we will assist you as smoothly as possible through this transition. Read on to learn everything about this important update.
**Important Announcement about ANT on Knaken**
In line with the ANT Redemption Initiative from the Aragon Association, Knaken will be removing ANT from our platform. This means that there will soon be some changes that may affect your ANT holdings and trading activities on our platform.
**What is Changing?**
Starting from 14:00 UTC on September 25, 2024, the following changes will take effect:
– **Delisting of ANT:** All ANT trading pairs will be removed from the Knaken platform. You will no longer be able to buy or sell ANT via our service.
– **Closure of Deposits and Withdrawals:** Deposits and withdrawals for ANT will be closed. Note: All deposits made after this date will be lost and cannot be recovered.
**What Does This Mean for You?**
**Automatic Conversion of ANT to ETH**
If you hold ANT on our platform at the time of delisting, you do not need to take any action. We will automatically convert your ANT holdings to ETH at a fixed exchange rate of 0.0025376 ETH for every 1 ANT, as established by the Aragon Association.
**Crediting of ETH**
On October 2, 2024, at 14:00 UTC, the corresponding amount of ETH will be credited directly to your Knaken account. You can then use this ETH for trading, withdrawals, or other purposes within our platform.
**Important Dates to Remember**
– September 25, 2024, 14:00 UTC: Delisting of ANT and closure of deposits and withdrawals.
– October 2, 2024, 14:00 UTC: Crediting of ETH to your Knaken account after automatic conversion.
**Frequently Asked Questions**
1. What happens if I deposit ANT after September 25, 2024?
Deposits of ANT after the mentioned date and time will not be accepted and will be lost. We strongly recommend that you do not deposit any ANT after 14:00 UTC on September 25, 2024.
2. Do I need to do anything to convert my ANT to ETH?
No, you do not need to take any action. The conversion will happen automatically on the specified date.
3. Can I sell or withdraw my ANT before the delisting?
Yes, you can continue to trade ANT or withdraw your ANT until 14:00 UTC on September 25, 2024.
4. What if I have questions or concerns about this change?
Our support team is ready to assist you. Please feel free to contact us at [email protected].
Knaken Cryptohandel B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB supervises Knaken Cryptohandel B.V.'s compliance with the Money Laundering and Terrorist Financing (Prevention) Act and the Sanctions Act 1977. Knaken Cryptohandel B.V. is not subject to prudential supervision by DNB or conduct supervision by the AFM. This means that there is no supervision of financial requirements or business risks and there is no specific financial consumer protection.
Investing in crypto-related products involves significant risks.
