# \[November 22] Announcement of SOC Token Migration and Exchange Dear SOC Holders, To enhance user experience, reduce gas fees, and fully leverage the high-performance features of the Solana blockchain, SOC tokens will be migrated from the Ethereum blockchain to the Solana blockchain. Following the migration, SOC tokens will fully transition to Solana, providing users with a more efficient and seamless service experience. Below are the details of the migration and exchange arrangements: **SOC Exchange Plan** Users holding SOC in their wallet can choose one of the following two methods for exchange: **Exchange via Socrates Platform** * Users can deposit Ethereum-based SOC tokens to the Socrates platform at any time. * Starting December 5, 2023, the platform will enable deposit and withdrawal functions for Solana-based SOC tokens and simultaneously disable the withdrawal function for Ethereum-based SOC tokens. * All Ethereum-based SOC tokens deposited on the platform will be exchanged for Solana-based SOC tokens at a 1:1 ratio until the migration is complete. **Exchange via Supported Exchanges** * Users can also deposit SOC tokens to participating exchanges (*LBank*, *BingX*, *BitMart*) to complete the cross-chain exchange with their assistance. * Please refer to the announcements of each exchange for specific arrangements. **Token Details** * Name: SOC * Blockchain: Solana * Total Supply: 10 billion * Circulating Supply: 583,000,000 * Exchange Ratio: 1:1 * Precision: 9 decimals * New Contract Address: `CFTNeUvMFjS6jcvUBmTCGdr2T9cpx1jgnfS3tesT2h3p` If you have any questions, please contact our official support team through the following email: `support@socrates.com` Thank you for your continued support of SOC tokens and the Socrates platform! Sincerely, The Socrates Team November 22, 2024 --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.socrates.com/main/welcome/our-latest-announcement/november-22-announcement-of-soc-token-migration-and-exchange.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.