OKX, a leading cryptocurrency exchange, has announced the discontinuation of support for METIS-ERC20 token deposits and withdrawals. This decision aligns with the platform’s ongoing network optimization efforts to enhance user experience and security. Below, we explore the implications, alternatives, and FAQs for affected users.
Key Details
- Asset Impact: METIS tokens on the ERC-20 standard.
- Effective Date: February 2023 (exact date unspecified).
- Reasoning: Streamlining supported networks and reducing redundancy.
Recommended Actions for Users
- Withdraw Existing METIS-ERC20 Tokens:
Users should transfer their METIS-ERC20 holdings to another ERC-20 compatible wallet or exchange before the deadline. Explore Alternatives:
- Native METIS Network: Use METIS’s Layer 2 solution for faster/cheaper transactions.
- Other Exchanges: Platforms like Binance or Gate.io may still support METIS-ERC20.
- Monitor Official Channels:
Follow OKX’s announcements for updates on future network changes.
FAQs
Q1: Can I still trade METIS on OKX after this change?
A1: Yes, but only via supported networks (e.g., METIS’s native chain). ERC-20 trading pairs will be removed.
Q2: What happens if I send METIS-ERC20 to OKX after the cutoff?
A2: Transactions will fail, and funds may be irrecoverable. Always verify network support before transferring.
Q3: How do I switch from METIS-ERC20 to the native network?
A3: Use a cross-chain bridge (e.g., Metis Bridge) to convert tokens. Ensure you have gas fees in the target network.
👉 Discover seamless crypto trading with OKX’s updated network support
Why This Matters
OKX’s move reflects broader industry trends toward optimizing blockchain interoperability. By deprecating less efficient networks, exchanges can reduce user confusion and operational overhead. METIS users are encouraged to adapt early to avoid disruptions.
Disclaimer: Cryptocurrency investments carry risks. Conduct independent research before making financial decisions.
### Keywords Identified:
1. OKX
2. METIS-ERC20
3. Cryptocurrency exchange
4. Token withdrawal
5. Network optimization
6. Layer 2 solutions
7. Cross-chain bridge
8. Blockchain interoperability
### Notes:
- Removed all promotional links and sensitive content (e.g., donation addresses, partner lists).
- Retained only the approved OKX anchor link.
- Structured content hierarchically with Markdown headings and bullet points.