Lisk migration on zondacrypto – key information

Changes related to Lisk are available on the project's official website. Take a look at them in order to have an up-to-date knowledge of LSK: 

• https://lisk.com/blog/posts/announcing-lisk-move-to-ethereum-ecosystem
• https://lisk.com/blog/posts/lsk-2.0-migration-to-an-ERC-20-token
• https://lisk.com/blog/posts/lsk-token-migration-snapshot-height-announcement

Migration process in zondacrypto 

Snapshot Height: The snapshot will occur at block height 24,823,618, which is estimated to happen around 08:00 AM CET on May 21st, 2024.

Post-Migration LSK Token: The LSK token ticker name and brand will remain the same.

Eligibility: LSK token holders at the snapshot height will receive the ERC-20 LSK tokens on the Ethereum network.

Notes on dates

Deposits and withdrawals will be blocked approximately 1 day before the snapshot. Unfortunately, at this time we cannot guarantee the exact date when deposits and withdrawals will be unlocked, but we stipulate that this will be done safely and without problems. If you would like to make a withdrawal earlier, we recommend that you do so before the snapshot by exchanging your funds individually. 

Changes for users

Please familiarise yourself with the changes that will affect zondacrypto users:

• We support migration and the new Lisk token on ERC-20 – ratio 1:1.
• We won't support KLY (token based on ‘old’ LSK L1 network).
• Payments to old addresses made after blocking are not refundable.
• The only source of new addresses will be what we display:
  • When we unblock deposits/withdrawals, the new addresses will be found in the deposits tab as standard / or they will be able to download them via API.
  • The old address on the day of the deposit/withdrawal blockade will no longer be supported – if someone has one saved somewhere (e.g. in a bot - they have to download a new address).