This article has been republished with permission from Binance News.
According to Foresight News, ParaSpace has announced that the migration of all users to the ParaX platform will begin on September 6 at 18:00 Beijing time. During the migration process, rates may fluctuate, and users are advised to migrate when Gas is below 20 Gwei. ParaX also recommends users to repay high-interest loans to avoid being affected. When migrating ERC-20 assets, users should click ‘use default’ for the spending limit to prevent migration failure.
Previously, NFT lending protocol ParaSpace stated that it would migrate from ParaSpace to the ParaX platform. The team will also distribute 2,000 ParaX NFT medals to migrating users: 200 NFTs will be awarded to top accounts that help stabilize the exchange rate; 1,000 NFTs will be awarded to the first 1,000 accounts migrating TVL and BNPL (no time limit, snapshot taken); and 800 NFTs will be awarded to accounts that are not in the top 1,000 but still migrate within the first week.