MEXC moves RIO reserves from Algorand to Ethereum at 1:1 ratio
- —MEXC swapped RIO reserves from Algorand to Ethereum at a 1:1 ratio
- —The new RIO contract: 0x94a8b4EE5CD64C79D0Ee816f467EA73009f51aA0
- —Realio Network is an RWA tokenization platform, and RIO serves as its utility and gas token
- —In 2024, MEXC already carried out a similar RIO swap on BSC
Why it matters: The move to Ethereum simplifies the exchange's reserve management and reduces operational risks during the project's recovery.
Source: Crypto Briefing