Huobi’s Layer 1 blockchain HECO Network has announced its official sunset date, revealing that it will cease operations on January 15, 2025.
Established on December 10, 2020, the HECO Network has played a crucial role in the Huobi ecosystem. However, it is now set to transition HRC20 assets into the platform’s token, HTX.
HECO has provided a detailed plan for users holding HRC20 assets such as HRC20ETH, HRC20TUSD, HRC20LINK, HRC20USDC, HRC20UNI, HRC20SHIB, HRC20HBTC, and HRC20USDT. Users are required to deposit these assets to the specified addresses on HECODAO’s official website before January 10, 2025.
Upon deposit, these assets will be converted into points based on their value on November 10, 2024. For instance, 1 USDT will be equal to 1 point. These points will be associated with the wallet addresses linked to users’ HECO accounts.
Following the January 10, 2025 deadline, all accumulated points will undergo final calculation and will be exchanged for HTX tokens.
The conversion process will be carried out in 12 separate batches, with users receiving HTX tokens in the TRON network addresses provided during the redemption process.
*Disclaimer: This article does not constitute investment advice.