Hdac, Bithumb exchange token swap in accordance with mainnet Rizon conversion

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[Blockchain Today Correspondent Lee Ji-eun] Hdac Technology, a blockchain technology company founded by Dae-sun Jeong, president of HN (formerly Hyundai BS&C), is a Tendermint engine-based mainnet ‘Rizon’ launched in September through consultation with the virtual currency exchange Bithumb. (Rizon)” announced on the 7th that it will proceed with a token swap.

Accordingly, existing Hdac (HDAC) tokens listed on the Bithumb exchange can be swapped for ATOLO, the Rizen mainnet coin, at a 1:1 ratio. Deposits and withdrawals of Hdac (HDAC) tokens have been temporarily suspended from midnight on December 6th, and will be changed to ATOLO as soon as the swap process is completed.

Rizon is based on the Tendermint engine, and Atolo Coin holders can use the DeFi service using the liquidity pool with the organic network expansion effect through linkage with other mainnets in the future. You can participate and propose improvements and participate in voting. Atolo deposit and withdrawal service resumption schedule according to the swap will be announced as soon as the work is completed.

Cosmostation and Infstone, active in the Cosmos ecosystem since the launch of the Rizon mainnet in September, have participated as validators to generate blocks, contributing to the safety and development of Ryzen as stakeholders according to block generation and compensation. . It plans to secure a wide user base by linking with the Cosmos SDK and the existing Cosmos ecosystem, and build a payment platform using asset-backed stablecoins in earnest.

A Hdac official said, “We plan to support holders with more convenient and stable coin transactions and use of on-chain services by conducting token swaps through Bithumb, one of the largest cryptocurrency exchanges in Korea. For Doc Coin, the swap must be completed before January 12, 2022, the official swap support period, after which the Foundation can take very limited actions. We ask for special attention so that we can swap within the period through the official site.”

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