Dear CoinSavi Users,
CoinSavi will support the Frax Share (FXS) mainnet integration and its rebranding to Frax (FRAX). The token swap from FXS to FRAX will be completed automatically for all FXS holders on CoinSavi.
The detailed arrangements are as follows:
- FXS deposit and withdrawal services will be suspended at 03:00 on January 26, 2026 (UTC).
- Trading for the FXS/USDT pair will be suspended at 07:00 on January 26, 2026 (UTC).
- To complete the token swap, CoinSavi will take a snapshot of users’ FXS holdings at 10:00 on January 26, 2026 (UTC). After the snapshot, all existing FXS tokens will be converted to FRAX at a 1:1 ratio (1 old FXS = 1 new FRAX).
- FRAX deposit, withdrawal, and trading services (FRAX/USDT) will be enabled after the token swap is completed. A separate announcement will be made once these services are available.
Important Notes:
- The minimum holding requirement to be eligible for the swap is 0.9 FXS.
- The snapshot will include FXS balances in users’ Spot Accounts, including the Funding Account and Trading Account.
- Any FXS tokens that are pending deposit or withdrawal at the time of the snapshot will not be counted.
- After FXS deposit, withdrawal, and trading services are suspended, FXS will no longer be supported on CoinSavi. Any FXS deposits made after this time cannot be recovered, and CoinSavi will not be responsible for any resulting losses.
- For more details regarding the rebranding and token swap, please refer to the official announcement.
Thank you for your understanding and continued support.
CoinSavi Team
