The cryptocurrency landscape is evolving rapidly, and one of the latest developments involves the transformation of Litentry (LIT) into a rebranded project known as Heima (HEI). In support of this transition, KuCoin, a leading digital asset exchange, has announced its official backing of the token swap and rebranding initiative. This strategic move ensures a seamless migration for users holding LIT tokens on the platform.
For investors and traders tracking blockchain identity ecosystems, this update marks a pivotal moment. The shift from Litentry to Heima isn't just a name change — it reflects a broader vision for decentralized identity aggregation and cross-chain interoperability, now under a refreshed brand identity and updated smart contract infrastructure.
Key Timeline and Swap Details
KuCoin has outlined a clear timeline and procedural framework to facilitate the smooth conversion of LIT to HEI tokens. Users are advised to review the following critical dates and actions:
- Trading Suspension:
The LIT/USDT and LIT/BTC trading pairs will be disabled at 03:00:00 UTC on February 10, 2025. Traders should cancel any open orders prior to this time to avoid execution issues. - Deposit and Withdrawal Halt:
LIT deposits and withdrawals will cease at 03:30:00 UTC on February 10, 2025. After this point, users will no longer be able to transfer LIT tokens to or from their KuCoin accounts. - Snapshot Moment:
At 12:00:00 UTC on February 10, 2025, KuCoin will capture a snapshot of all eligible user balances. This includes LIT holdings in both Spot (Trading Account) and Funding Account wallets. - Token Conversion:
The swap occurs automatically at a 1:1 ratio — meaning 1 old LIT = 1 new HEI. No user action is required beyond ensuring compliance with eligibility criteria. - HEI Service Resumption:
Once the migration is complete, KuCoin will reinstate deposit, withdrawal, and trading functions for HEI tokens. The relaunch of HEI/USDT and HEI/BTC trading pairs will be confirmed in a follow-up announcement.
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Eligibility and Balance Requirements
Not all LIT holders may qualify for the automatic swap. KuCoin has set specific conditions to ensure system integrity and fair distribution:
- A minimum balance of 1.2 LIT tokens must be held at the time of the snapshot.
- Balances below this threshold will not be migrated, emphasizing the importance of meeting the minimum holding requirement.
- Only on-chain balances within KuCoin’s internal systems (Spot + Funding) are included — external wallets or staked positions outside KuCoin are not covered by this process.
Users who fail to meet these criteria risk missing out on the rebranded HEI tokens entirely. It's crucial to verify your holdings well in advance of the snapshot deadline.
Understanding the Rebrand: From Litentry to Heima
The transformation from Litentry to Heima represents more than just a visual refresh. According to official project communications, the rebrand aligns with an expanded roadmap focused on user-centric digital identity solutions across multiple blockchains.
Key changes include:
- New Brand Identity: "Heima" signifies a fresh start, emphasizing community-driven governance and enhanced privacy features.
- Updated Smart Contracts: The migration involves deploying new, audited contracts to improve security and scalability.
- Supply Expansion Plan: The total circulating supply of HEI will gradually increase from 66 million to 100 million tokens over 20 months, supporting long-term ecosystem development through incentives, partnerships, and protocol rewards.
This phased release model aims to prevent inflationary pressure while funding future growth initiatives such as developer grants and cross-chain integrations.
What Happens After the Swap?
Once the transition concludes:
- All eligible LIT balances will be replaced with HEI tokens in users’ accounts.
- Legacy LIT tokens will be permanently retired from KuCoin’s ecosystem.
- Any attempts to deposit LIT after service termination will result in irreversible loss, as KuCoin will not recover or credit such transactions.
This underscores the necessity of acting before the cutoff times. Delayed actions could lead to stranded assets or missed opportunities tied to the new HEI economy.
Frequently Asked Questions (FAQ)
Q: Do I need to manually swap my LIT tokens on KuCoin?
A: No. The token conversion is fully automated for users who meet the minimum balance requirement and hold funds in supported accounts.
Q: Will the trading pairs change after the rebrand?
A: Yes. The LIT/USDT and LIT/BTC pairs will be delisted and replaced with HEI/USDT and HEI/BTC once services resume.
Q: Can I still access my LIT if I miss the snapshot?
A: You can withdraw your LIT before services close. However, once deposit/withdrawal functions are disabled, LIT will no longer be supported, and lost funds cannot be recovered.
Q: Is the token swap ratio fixed?
A: Yes. The exchange rate is strictly 1:1 — one LIT equals one HEI with no adjustments or bonuses.
Q: Where can I find official updates about Heima?
A: For verified news and technical details, refer directly to the project’s official Medium publication or trusted blockchain explorers.
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Why This Rebrand Matters for Crypto Investors
Token rebrandings like Litentry’s evolution into Heima often signal strategic pivots aimed at capturing new market segments or improving technological foundations. For investors, staying informed about such transitions helps mitigate risks and identify emerging value.
Projects undergoing rebranding typically aim to:
- Refresh community engagement
- Attract new developers and partners
- Clarify their mission amid competitive landscapes
- Enhance transparency via upgraded contracts and governance models
By supporting this migration, KuCoin reinforces its role as a responsive exchange that adapts quickly to ecosystem changes — a trait increasingly valued by active crypto participants.
Final Reminders Before the Transition
As the February 10, 2025 deadlines approach:
- Confirm your LIT balance meets or exceeds 1.2 tokens
- Cancel any open trades involving LIT
- Avoid depositing LIT after service suspension
- Watch for KuCoin’s next announcement regarding HEI availability
Missing any step could disrupt your access to the new HEI ecosystem. Proactive management ensures continuity in participation and potential upside from future developments.
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