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Celo Gold Announces Token Swap on January 13th
Celo is migrating from its Layer 1 blockchain to Celo Layer 2 on January 16th.
Coinbase has announced that it will not support the migration, and any CGLD held on Coinbase after January 13th may become inaccessible.
Event date: January 13, 2025 UTC
What is a coin swap (token swap)?
A coin swap is a process of cryptocurrency migration from one blockchain to another. It may be due to a hard fork (coin swap) or a mainnet launch (token swap). Holders need to follow swap guides in order not to lose their cryptocurrency.
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The Celo L1 blockchain (Coinbase ticker: CGLD) is migrating to Celo L2 on january 16, 2025.
Coinbase will not support the migration. Due to migration by hard fork, customers must withdraw CGLD from Coinbase by January 13, 2025 to prevent funds becoming inaccessible.
🧵 ⬇️
Coinbase will not support the migration. Due to migration by hard fork, customers must withdraw CGLD from Coinbase by January 13, 2025 to prevent funds becoming inaccessible.
🧵 ⬇️
The event is about to begin
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Leisan
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