We know you are excited about the arrival of the LYO Credit token on LYOTRADE 😃 LYOTRADE will only be the first exchange, of many, that we will be listed on.
We are currently working to sign agreements for listings on exchanges outside our ecosystem. We are keen to give everyone an opportunity to start trading the LYO Credit token on LYOTRADE and tier 1 exchanges. However, we’ve decided to pause for a few days to improve our on-chain development. As it’s important to be on as many platforms as possible, especially the most important ones, we will be updating our chain in order to be listed on those platforms.
This update will take a few days. We would like to share the importance of this upgrade with you and why it must be done now, before the listing on LYOTRADE, as it will not be possible after.
What will happen:
– Today we will modify the smart contract for the token and share it with our custodian partners (the site where the wallet addresses are generated).
– It will take our custodian partner 48 hours to list the new chain in their system. They will then let us know when it is completed.
➡️ Although the new listing date has been postponed, we will provide an update on a new date as soon as possible.
Chain updates are like creating a new token. If we listed LYO on LYOTRADE today, it would mean having to repeat the listing again after the upgrade which could cause issues for you.
✅ The smartest, most efficient, plan is to first upgrade the chain and then list LYO on LYOTRADE (with other exchanges to follow).
We thank you so very much for your understanding. We hope that sharing this info with you may have given you an idea of the technical work we are doing.
If you have any questions, please feel free to leave us a comment in the article.