Phala Network announces Khala Chain shutdown and $PHA migration plan
On December 30, Phala Network issued an important announcement. For $PHA holders on the Kraken exchange, as the Khala chain is gradually shut down, Kraken will take the following measures:
- Stop the $PHA deposit and withdrawal services on the Khala network at 15:00 UTC on January 8;
- Migrate the $PHA balance from the Khala chain to the Ethereum network (ERC20 standard) at a ratio of 1:1;
- The $PHA deposit and withdrawal functions will be opened on the Ethereum network (ERC20) in the near future.
The team is actively working with exchanges to ensure a smooth migration process. Users need to pay attention to the latest developments and adjust their assets in time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs remains bullish on the South Korean stock market: Driven by the AI memory boom, with a potential upside of up to 80%.
Goldman Sachs strategist Timothy Moe maintains his bullish target on the South Korean stock market, believing that investors are underestimating how long the benefits of artificial intelligence (AI) will last for the country's memory chip manufacturers.
Oranjebtc cancels 25 million treasury shares without capital reduction
The Last Time Treasury Yields Hit 6%, Bitcoin Didn't Exist — What Happens If They Get There Again?
Crypto prices
More
