WazirX will support the Merit Circle (MC) token swap, redenomination, and rebranding plan to Beam (BEAMX). Further details about this change are shown on the timeline below:
- Deposits for MC coins will be disabled on 21st November 2023 at 9 AM IST. Users are suggested not to make any deposits after this, and also ensure they allow ample time for their MC deposits to be completely processed before the specified deadline.
- WazirX will delist the existing MC spot trading pair on 21st November 2023 at 10 AM IST.
- WazirX will recover all Merit Circle (MC) balances and begin the distribution of Beam (BEAMX) to all eligible users at a ratio of 1 MC = 100 BEAMX.
- After the swap completion, the MC token will no longer be supported on WazirX.
- Trading for BEAMX/USDT will be enabled on 24th November 2023. WazirX will make a separate announcement to notify the users.
WazirX will support the ERC20 smart contract address of Beam (BEAMX) after listing it.
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