How to claim my compensation? A guide for SAKE holders on OKExChain

SakePerp | SakeSwap
1 min readJul 29, 2021

The trading of the SAKE on OKExChain has returned to normal. KIP20 SAKE holders can start claiming their compensation now.

More details of the Compensation Plan:

One Step to Claim

There are two compensation plans for holders to choose. SAKE holders on OKExChain only need to transfer the KIP20 SAKE tokens to the corresponding burn address to claim.

Distribution Date

10th August 2021

All transaction records before 10th August will be executed on 10th August. Your corresponding amount of compensation will be calculated by the plan you choose and will be distributed to the wallet address that was used to transfer KIP20 SAKE to the black hole.

All compensations will be operated based on on-chain transfer records of the black hole addresses.

Option One — ERC20 SAKE

Burn address: 0x60C1895ECBf532f5e474c1245c2c9ED5F976d46A

Ratio: 1 KIP20 SAKE = 1 ERC20 SAKE

Users can get the ERC20 SAKE with no lockup.

Option Two — ASAP Token

Burn address: 0x4EFedF07261BB3AaA1654478524f54225f93c47e

Ratio: 1 KIP20 SAKE = 0.0368 ASAP

ASAP tokens will be released every day during a 6-month lockup period.


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