Exchange Announces Major Token Transition
In a significant platform update, a leading global cryptocurrency exchange has confirmed the delisting of Utrust (UTK) from its spot trading market. This move is in direct support of the project's strategic rebranding and evolution into xMoney (XMN). Future activities related to the new token will be hosted on the exchange's Alpha platform.
Navigating the Token Swap: Your Options
Holders of UTK are presented with two distinct pathways to convert their assets:
- Standard Swap: Convert UTK to XMN at a fixed ratio of 3 UTK for 1 XMN with no lock-up period.
- Commitment Swap: Opt to lock UTK for a 6-month period to earn a 1:1 swap rate (1 UTK for 1 XMN).
Users must initiate the swap themselves by following the project's official instructions. Critical deadlines have been set: deposits of UTK will cease after 02:00 UTC on April 14, 2026. If users have not withdrawn their UTK by 14:30 UTC on the same date, the exchange will automatically process the conversion using the Standard Swap ratio (3:1).
Bonus Airdrop for Eligible Community Members
In addition to the core swap, the exchange is rewarding loyal holders with an airdrop. Users who still hold a UTK balance in their accounts after trading and withdrawals are suspended at 14:30 UTC on April 14, 2026, will qualify.
The airdrop offers a favorable ratio: for every 3 UTK held, users will receive 2 XMN. These bonus tokens will primarily be distributed to the user's account on the Alpha 2.0 platform. For users in restricted regions, the airdropped XMN will be credited to their spot wallet, where it will be withdrawable only. Distribution is expected to begin after 12:00 UTC on April 15, 2026.
The official listing time for XMN trading on the Alpha platform will be communicated in a separate announcement. All affected users are advised to stay informed through official channels to manage their holdings effectively.