We understand that during times of disruption, misinformation and speculation can spread rapidly.
However, we want to reaffirm the facts:
1⃣ The liquidity injection process is actively underway.
2⃣ All delayed transactions will be resolved in due course.
3⃣ $CUSDT swaps and the $wKAS bridge will be reinstated following completion of this process.
We remain fully committed to the integrity of the project and to restoring full functionality.
We will not engage in unsubstantiated narratives or on-chain misinterpretations that lack both context and accuracy.
Our focus remains on delivering results, not debating unfounded assumptions.
To those who continue to support us — your patience and trust are valued.
🔥 Through thick and thin, one thing remains true: DeFi is driven by innovators, risk-takers and believers. We see you.
As we fix and build behind the scenes, we're excited for the next chapter of this journey—together
https://t.co/dYNP5rOrPK
we appreciate your concern.
1. wKAS defacto remains pegged 1:1 with KAS. The current fluctuations in the wKAS/USDT swap ratio are due to low liquidity on Ethereum, caused by large wKAS sell-offs. This is purely a liquidity issue, not a problem with the peg itself. Once the bridge is reopened and USDT/KAS swaps are re-enabled, arbitrage opportunities will naturally restore the swap ratio to its normal levels. The wKAS/KAS bridge peg will continue to hold at 1:1, as it always has.
2. Why is the wkas bridge paused?
Previously, the DCRM node for bridging was designed to function exclusively within the Chainge system. With the launch of https://t.co/O1lrs9BENf, the bridge must now support both trading and bridging across the 2 platforms.
This transition requires enhanced security measures, and we are currently in the process of redeploying the bridge system to meet these new requirements. It is not safe to reopen the bridge at this time, and we are unwilling to compromise on security.
We sincerely apologize for the temporary inconvenience caused by the bridge being paused. Please rest assured that we are working as quickly and efficiently as possible to restore full functionality.
💥The #KRC20 migration from Chainge to https://t.co/raj0EpAPbS is complete and swaps are running smoooooth!
Follow @knotdotmeme, show #KRC20 some love, create tokens, have fun and even snag a few wins.
Don’t miss out & join their Telegram group: https://t.co/FzrsUV0bW4
🚀 https://t.co/2e9ME3Mi7a is LIVE! 🚀
The ultimate powerhouse platform for creating AND trading #KRC20 tokenssss. Unleash your creativity. Trade your chaos. Rule the meme universe. 🔥
🌐Start now on https://t.co/2e9ME3Mi7a and join the Telegram group of KRC20 chaos: https://t.co/Wmg3tOTbkf
Are you ready to blow up #KRC20?
#Kaspa $kas #kasplex #memecoins
🚀 What’s next for https://t.co/cP7WRH6FB7?
✅ Seamless #KRC20/KAS trading migrated
✅ Launch KRC20 tokens with instant liquidity
⏳ CUSDT/ KRC20 swaps in the works
⏳ wKAS/KAS bridge – on the way
⏳ Improved UX – token list view coming soon, as requested!
And that’s just the start... WAY more ahead—we’ll spill the beans bit by bit. Stay tuned!
⏳ Tik tok, tik tok... the https://t.co/2e9ME3Mi7a countdown begins
The new #KRC20 powerhouse platform is gearing up to drop harder than your ex’s meme trades
Are you ready for that BOOM? 👀
🐦 Twitter: https://t.co/7GSRKYZduA
📣 Telegram: https://t.co/IYFpNCq30A
🚨 IMPORTANT UPDATE: THE #KRC20 Migration 🚨
Trading and LP operations for KRC20 tokens will be paused for up to 12 hours on January 27th starting 2 a.m UTC, as everything moves to an all-new, game-changing #KRC20 powerhouse platform
All you need to know:
🔹 Trading starts on the new platform for ALL KRC20 tokens, IMMEDIATLEY after the migration. Please note, trading on the Chainge might be re-enabled at a later date based on user demand
🔹 NO action required from liquidity providers—LPs and rewards will be seamlessly migrated
🔹 $CUSDT bridging stays OPEN on https://t.co/qdQ9djBHwV until the new platform integrates the bridge and $wKAS swaps to $USDT remain available on https://t.co/qdQ9djBHwV, Uniswap and 1inch.
🔹 The https://t.co/lrVUHF6TFz page will retire and liquidity for tokens on the waiting list will be automatically returned to their owners.
💡 Want to get ahead? Start testing: launch KRC20 tokens on https://t.co/raj0EpAPbS TODAY and trade them with instant DEX liquidity!
Stay updated on the official launch by following https://t.co/raj0EpAPbS on X: https://t.co/GTRtUIxWkv and joining the Telegram community at https://t.co/FzrsUV0bW4 & be part of the exciting journey ahead
The dawn of a new #KRC20 ERA is upon us and https://t.co/raj0EpAPbS IS the key to unlocking its true potential!
Thrilled to announce a new #KRC20 token is available for trading on https://t.co/qdQ9djBHwV!
You can now seamlessly buy & sell $LIVE with $KAS
Check out the waiting list at https://t.co/lrVUHF6TFz and prepare to say goodbye to it because a new KRC20 POWERHOUSE platform is just around the corner!
Thrilled to announce a new #KRC20 token is available for trading on https://t.co/qdQ9djBHwV!
You can now buy & sell $FREDY with $KAS
Check out the waiting list at https://t.co/lrVUHF6TFz and add liquidity to support KRC20 token listings!
We are migrating to a new platform dedicated to KASPA, and as a result, the KRC20/CUSDT, KRC20/KRC20, and KAS/USDT routes are temporarily disabled. These routes will be restored once the new platform is live and fully operational.
In the meantime, you can seamlessly bridge your CUSDT to USDT on any supported chain at your convenience.
We are migrating to a new platform dedicated to KASPA, and as a result, the KRC20/CUSDT, KRC20/KRC20, and KAS/USDT routes are temporarily disabled. These routes will be restored once the new platform is live and fully operational.
In the meantime, you can seamlessly bridge your CUSDT to USDT on any supported chain at your convenience.
We are migrating to a new platform dedicated to KASPA, and as a result, the KRC20/CUSDT, KRC20/KRC20, and KAS/USDT routes are temporarily disabled. These routes will be restored once the new platform is live and fully operational.
In the meantime, you can seamlessly bridge your CUSDT to USDT on any supported chain at your convenience.
At the moment, we are undergoing a migration to a new platform dedicated to KRC20. During this migration period, there may be some temporary fluctuations in the ratio between wrapped KAS (wKAS) and native KAS.
The new platform is being prioritized for launch as soon as possible. In the meantime, arbitrage activity will help balance the price gradually.
So to conclude, wkas can be easily liquidated at the current price for USDT, or ppl can wait a bit for the 1:1 ratio to stabilize as we complete the migration and reopen the direct bridge.