ERC20 support and maintenance

6 Sep 2018 16:30
Nicholas Fletcher, Customer Experience Officer

Independent Reserve is pleased to announce the imminent launch of ERC20 support on our exchange platform. Initially we will support two ERC20 tokens:

  • OmiseGO (OMG)
  • 0x (ZRX)

OmiseGO – This project will connect existing crypto wallets to a central OMG blockchain, which will then allow you to exchange between cryptocurrencies easily 0x – This project is an open protocol allowing for a decentralised exchange and has generated a lot of interest with their smart contract platform to give users greater control over their funds.

We will be releasing these tokens with an introductory brokerage fee of 0.1%, this will last for two weeks so don’t delay!

OmiseGO also made an airdrop to anyone who had at least 0.1 ETH back in September of 2017 (at block 3988888) which we will honour. If you had at least 0.1 ETH in your Independent Reserve account when the above block was mined, you will have your OMG airdrop amount in your IR OMG wallet after our release.

Timing: We will be performing system maintenance and upgrades on Sunday 9th September at 2pm (AEST). We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account. Once this completes, our new ERC20 tokens will be available for trading. Please be aware that there will likely be low liquidity for the first week or two as the market builds. We recommend that customers place limit orders rather than market orders until local volatility settles down.