Announcement on the Support for Render (RNDR) Token Swap and Brand Upgrade to Render (RENDER)

Dear Users,

Websea will support the Render (RNDR) token swap and brand upgrade to Render (RENDER).

Deposits and Withdrawals

Websea will suspend the deposit and withdrawal services for Render (RNDR) tokens at 11:00 (GMT+8) on July 21, 2024. Note: Any RNDR tokens deposited after this time will not be credited. Please make sure to deposit in advance.

Websea will notify users with a separate announcement once the token swap and brand upgrade plan are completed.

After the completion of the token swap and brand upgrade plan, Websea will no longer support the deposit and withdrawal of RNDR tokens.

Websea will assist users holding RNDR tokens in their Websea accounts with any technical issues involved.

Users can refer to the project’s announcement for more information.

Details of the Token Swap

Websea will use RENDER as the new ticker for the RNDR token.

Render (RENDER) new contract address: https://solscan.io/token/rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof

All RNDR tokens will be swapped for RENDER tokens at a 1:1 ratio.

Spot Trading

Websea will cease trading and delist the RNDR/USDT spot trading pair at 11:00 (GMT+8) on July 21, 2024.

All orders will be automatically removed after trading is halted.

Websea will terminate the trading bot services for the above spot trading pair at 11:00 (GMT+8) on July 21, 2024 (if applicable). Users are strongly advised to update and/or cancel their trading bots before the service is stopped to avoid any potential losses.

After the swap, your Render (RNDR) assets will be automatically converted to the new Render (RENDER) assets. RENDER/USDT Trading will resume immediately after the swap is completed, and an announcement will be made.

Perpetual Contract Trading

Websea will automatically liquidate the RNDRUSDT perpetual contract at 11:00 (GMT+8) on July 16, 2024, and delist the RNDRUSDT perpetual contract trading pair after liquidation.

To protect user rights and reduce potential risks during extreme market conditions, Websea may implement additional protective measures for the RNDRUSDT perpetual contract without further notice. These measures may include, but are not limited to, adjusting leverage and margin (including the maximum leverage multiple and position limit for each tier, and the maintenance margin rate), adjusting funding rates (including the base rate, premium index, and rate cap), changing the price index components, or using the "last trade price protection mechanism" to update the mark price. The relisting time will be announced separately.

From 11:00 (GMT+8) on July 16, 2024, Websea's funding rate arbitrage bots will close all arbitrage strategies for RNDRUSDT trading pairs and settle automatically.

Thank you for your support of Websea!

Websea Team

July 14, 2024