The digital asset ecosystem is continuously evolving, and token migrations are a natural part of this growth. To ensure seamless integration and long-term sustainability, OKX will support the upcoming WSM token migration on a 1:1 basis. This update is designed to enhance network performance, improve security, and provide users with a more robust experience moving forward.
If you hold WSM tokens or actively trade them, understanding the migration timeline and its implications is essential to avoid disruptions in access or trading activities. Below, we break down everything you need to know about the migration process, including key dates, what remains unaffected, and how to prepare.
🔁 Understanding the WSM Token Migration
Token migrations occur when a project transitions from one blockchain or smart contract to another—often to upgrade functionality, increase scalability, or shift to a more secure infrastructure. In this case, the WSM token migration aims to align the asset with improved technical standards while preserving user holdings through a direct 1:1 conversion.
OKX will fully support this transition, ensuring that users can continue managing their assets with minimal friction once the update is complete.
📅 Migration Timeline and Key Updates
To maintain system integrity during the migration, certain services will be temporarily adjusted according to the following schedule:
- WSM Deposits and Withdrawals Suspension:
At 02:00 UTC on February 7, OKX will suspend WSM deposit and withdrawal functions. This pause allows for secure processing of the token swap across the platform’s infrastructure. - Trading Remains Unaffected:
Importantly, WSM trading pairs will remain active throughout the migration period. Users can continue buying, selling, and exchanging WSM without interruption.
👉 Secure your assets during network upgrades with reliable platform support.
Once the migration is successfully completed, deposit and withdrawal functionalities will be restored. Users will receive updates via official OKX channels as soon as services resume.
❓ Frequently Asked Questions (FAQ)
Q: What does a 1:1 token migration mean?
A: A 1:1 migration means that for every 1 old WSM token you own, you will receive 1 new WSM token after the migration. There is no change in quantity—only an underlying technical upgrade to the token’s structure or network.
Q: Do I need to take any action to migrate my WSM tokens?
A: If your WSM tokens are stored on OKX, no action is required. The platform will automatically handle the migration for all users. However, if you hold tokens in a private wallet, follow the official project team’s instructions for manual migration.
Q: Will the trading price of WSM be affected during migration?
A: While trading continues uninterrupted on OKX, market volatility may occur due to external sentiment or liquidity shifts. Always monitor price movements and consider risk management strategies during transitional periods.
Q: When will deposits and withdrawals reopen?
A: The exact resumption time depends on the success and completion of the migration process. OKX will announce the restoration of services as soon as possible through official notifications.
Q: Is my investment safe during the migration?
A: Yes. OKX employs rigorous security protocols to protect user assets during upgrades. Your funds remain secure, and no value is lost during a standard 1:1 token migration.
✅ How to Prepare for the Migration
Although OKX handles most of the process automatically, proactive steps can help ensure peace of mind:
- Check Your Balances Early:
Verify your WSM holdings before the suspension begins to avoid last-minute confusion. - Avoid Last-Minute Transfers:
Refrain from attempting deposits or withdrawals close to 02:00 UTC on February 7, as transactions initiated near or after this time may fail or be delayed. - Stay Updated:
Follow OKX’s official blog, social media channels, and in-app alerts for real-time updates regarding service restoration. - Review Post-Migration Wallet Compatibility:
If you plan to withdraw WSM after the migration, confirm that your external wallet supports the new token standard to prevent loss of funds.
👉 Stay ahead of token upgrades with real-time platform alerts and secure asset management.
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These terms reflect common queries from users seeking clarity on technical transitions within cryptocurrency platforms.
⚠️ Risk Awareness and Responsible Trading
While token migrations are routine in the crypto space, it's important to recognize that digital assets are inherently volatile and speculative. Prices can fluctuate dramatically based on market sentiment, technological developments, or regulatory news.
Additionally:
- Assets may become illiquid at any time.
- Network upgrades carry minimal but non-zero risks of delays or technical issues.
- Always conduct independent research before making investment decisions.
OKX provides tools and information to support informed trading—but does not offer financial advice. You are responsible for evaluating your risk tolerance and investment strategy.
👉 Access advanced trading tools designed for secure participation in evolving crypto markets.
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