[16/10/2020] Aave (LEND) Token Swap to AAVE Will Be Supported on AAX With Various Service Updates & Settlements

Dear AAXers, 

AAX will support the Aave (LEND) token swap to AAVE, with the following timeline:

1. At 16/10/2020 18:00 (HKT), AAX will suspend LEND deposit and withdrawal services. Please ensure that you leave sufficient time for your LEND deposits to be fully processed prior to this time.
2. At 16/10/2020 18:00 (HKT), AAX will count the users coins and take a snapshot of all LEND balances.
3. During 16/10/2020 – 19/10/2020, AAX will collect all LEND tokens from users.
4. During 19/10/2020 – 20/10/2020, we will swap LEND to AAVE at a ratio of 100 LEND = 1 AAVE.
5. On 20/10/2020, AAX will launch AAVE and distribute AAVE to all eligible users.
6. On 20/10/2020, AAX will open trading for AAVE. Deposits and withdrawals for AAVE will also be opened.

Please note:

• For further information on the token swap, please refer to the announcement.

Thanks for your support!

AAX