# Notice of Legacy Network Decommissioning

Dear JOJOers,

The upgrade to [JOJO's new smart contract](https://about.jojo.exchange/jojo-1/faq/announcement/smart-contract-upgrade-announcement) has been completed, and the mainnet is now operational since UTC+0 15.00 Feb 8, 2024. As a result, we have decided to shut down the previous smart contract (the [Legacy network](https://legacy.jojo.exchange/trade)) on February 19, 2024, at 3:00 AM UTC+0. Please close your positions and withdraw your assets from the [Legacy network](https://legacy.jojo.exchange/trade) before this date.

Please note that any open positions will be forcibly closed after the closing date. To ensure the safety of your assets, please make the necessary arrangements before the closing date.

After the Legacy network is closed, we will settle any remaining assets for users and return the corresponding assets to your on-chain wallet.

If you need assistance or have questions, please join [Discord](https://discord.com/invite/jojoexchange) or email <public@jojo.exchange>.

Thank you for your continued support of JOJO!<br>

Best regards, \
JOJO Team


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