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FYI: Exodus is dropping support for a few coins/tokens

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by COINS NEWS 21 Views

I just found out this today because I just happened to open the app to check my staking. But I figure I should share this so anyone else that uses Exodus but hardly pays attention to it, they will start looking at moving it to another wallet.

The following list is from https://www.exodus.com/support/en/articles/9012045-asset-sunset-faqs#h_043a6a8bd0

Which assets are being sunsetted? The following assets are scheduled to be sunsetted. See each section for more details about each sunset. May 6, 2024: BNB Beacon Chain network sunset * Binance Coin (BNB) on BNB Beacon Chain * Binance USD (BUSD) on BNB Beacon Chain * THORChain (RUNE) Binance ends support for Binance USD (BUSD) * Binance USD (BUSD) on all networks July 1, 2024: Exodus ending support for certain assets * Bitcoin Gold (BTG) * NEM (XEM) * Nano (XNO) * Terra Classic (LUNC) * Bonded Luna (bLUNA) * TerraClassicUSD (USTC) * Anchor Protocol (ANC) * Vertcoin (VTC) 

For the BNB stuff you should look at this https://www.bnbchain.org/en/blog/bnb-chain-fusion-roadmap

For the Rune https://twitter.com/THORChain/status/1549078524253847553

Basically they are being moved to another chain. But it appears Exodus isn't supporting it after May 6.

For the July 1 stuff, it just seems like a simple delisting. For Nano the team over there said when they found out

We were not notified ourselves so thank you for the messages you sent us. Having spoken with the Exodus team, unfortunately it is true that they will be delisting nano come July 1st. The reasons they have given was due to ROI on maintenance vs volume of nano - this is hard to disagree with in addition to their initial implementation of nano being incorrect (like Trust Wallet), there was a community push to move people into native wallets. Despite this being a shame as we respect the Exodus wallet as a great multi-currency experience, there are plenty more wallets in the ecosystem to choose from is you wish

On exodus on that link it says this

What if I don't move my funds? After July 1, 2024, you will no longer be able to transact or view the balances of any of the assets that Exodus ends support for. However, you will not lose access to your crypto. This is because Exodus is a self-custodial wallet, you can always access the funds with your 12-word secret recovery phrase, and the private keys for those assets are generated from your secret recovery phrase. To learn more, visit: Everything you need to know about your 12-word secret recovery phrase ​ Keep in mind that some wallets might not support the Exodus derivation path when importing the secret recovery phrase directly into another wallet, and sometimes, only importing with a private key is supported. ​ While it is still possible to transact the assets with Exodus, it is recommended to either send the assets to a different wallet or swap to another asset before July 1, 2024, the date Exodus will no longer support these assets. 

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