Since the Swarm Mainnet has launched successfully, HomiEx will conduct a token swap from BZZ futures (BZZ-IOU) to BZZ at a 1:1 ratio. The BZZ-IOU/USDT trading will be suspended and delisted at 12:00 on 22 June, 2021 (UTC+8). After the token swap, BZZ-IOU will be destroyed and only BZZ will be retained. The schedule for trading opening of BZZ/ USDT, and the deposit & withdrawal of BZZ will be announced via announcement.
About BZZ (Swarm)
Swarm is a decentralised data storage and distribution technology, ready to power the next generation of censorship resistant unstoppable serverless apps. It is the complement to blockchain based smart contracts originally envisaged by the Ethereum cryptocurrency and provides the mass storage piece in the Dapp building puzzle. Swarm is the hard drive of the world computer.
Swarm is all about Dapps. We provide the most developer friendly environment to build Dapps on. Built on principles of functionality, flexibility and accessibility, Bee provides high level constructs for file storage, feeds and key-value stores, while also providing the low level access to other applications and libraries that create Single Owner and Trojan chunks clientside, with total e2e privacy.
BZZ-IOU is the futures token launched by BHEX and it’s cooperated partner to meet the trading needs for users. BHEX will conduct a token swap from BZZ futures to BZZ at a ratio of 1:1 when we receive the BZZ tokens from BZZ (Swarm) project team. BZZ futures will be destroyed and the deposit and withdrawal of BZZ will be made available to our users.
Risk Warning: Investing in cryptocurrency is akin to be a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. HomiEx attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. HomiEx is not liable for investment gains or losses.
22 June 2021