Dear Traders,

We are pleased to inform you that Phemex will complete the Metal DAO (MTL) mainnet swap on July 1st, at 10:00 UTC. Following the swap, deposits and withdrawals will be resumed. 

Please take note of the following:

• The swap will be executed at a ratio of 1 old MTL to 1 new MTL. 
• Post-swap, deposits and withdrawals of old MTL tokens via the Ethereum network (ERC20) will be discontinued.



Happy Trading!

The Phemex Team