IDO platform Poolz Finance has released information about the deployment and distribution of its new token, POOLX. It has also shared details of forthcoming IDOs as the token launchpad gets back to business.

Holders of the original POOLZ token prior to the March 15 breach will receive the new token on a 1:1 ratio with no vesting. This applies to CEX holders, those who held the token locked on the Poolz Finance website, and those who held it unlocked in their wallet.

On March 16, Poolz Finance announced it would be issuing a new token, POOLX, to replace the original POOLZ, whose contract was exploited by a hacker one day earlier, resulting in a tranche of tokens being sold. The Poolz team responded quickly, and within two hours the token was no longer available for trading.

To support ecosystem growth, the total supply of POOLX will be increased by 10% compared to POOLZ's total supply.

POOLX will be listed on Poloniex, Huobi & PancakSwap from March 30, 2023 at 15:00 (UTC). MEXC, and Gate.io will be announced later this week.