CoinUp Upgrades Platform Token CP to CPX at 1:1.2 Ratio, Launches on June 9

According to ChainCatcher, CoinUp is upgrading its native platform token CP to ecosystem token CPX, set to launch on June 9, 2026 at 8:00 PM Beijing time. The upgrade expands CP's use cases from exchange trading to broader ecosystem services, including CoinUp's Alpha ecosystem, prediction market, AI token infrastructure, and U Card payment system.

Users can sell CP between June 5 12:00 and June 7 8:00 PM Beijing time. Unsold CP will automatically convert to CPX at a 1:1.2 ratio. Converted CPX enters a locked account with linear vesting over 17 weeks: 3% unlocked weekly for 16 weeks, then 5% weekly until completion.