CoinSpot will be supporting the SOMN (SNM) 10:1 Redenomination Plan.
SOMN (SNM) is completing a token swap and changing its denomination at a ratio of 10 : 1. CoinSpot will facilitate the migration on behalf of all users holding SOMN on the platform.
Each user will be credited 1 SNM per 10 SNM they hold in their CoinSpot wallet. This means that if the price of 1 SNM is $0.10, it will then become $1, assuming the price does not change.
Deposits and withdrawals will be halted at 8am AEDT.
Trading will be halted at 2pm AEDT April 26 and will resume on April 30.
Please ensure that you leave sufficient time for your SNM transfers to be processed.
For more information please refer to the updates provided by the SONM team;