Sphere (SPHR) will be upgrading their proof of stake consensus blockchain to an ERC20 token on the Ubiq network utilizing the independent proof of work algorithm Ubqhash.

Users’ Sphere Bittrex exchange balance totals will reflect the total that they had prior to the swap in a 1:5 manner. i.e. 1 SPHR on Bittrex held during the on-exchange snapshot will get you 5 SPHR tokens on the new chain. The old SPHR tokens will no longer be supported by our development team or traded on Bittrex.

Bittrex will re-enable the Sphere (SPHR) wallet when we and the Sphere team agree that the migration is satisfactory.

Note: Bittrex will be closing our SPHR wallet to deposits and withdrawals on 3/6/2019 until the swap is complete. If any SPHR deposits you had sent to Bittrex are not settled (marked as pending) by 12:00 PM PT, on 3/6/2019 (8:00 PM on 03/6/2019 UTC), you may not be credited with SPHR.

We would like to thank the Sphere team for working closely with us.

Update 3/6/2019: Bittrex is halting deposits and withdrawals of SPHR until the swap to the UBQ network is complete. We are coordinating an account balance snapshot for the token split, which will occur around March 15, 2019 at 12:00 PM PT (8:00 PM UTC). Trading will be halted at that time. Bittrex will observe the network to determine when markets and wallets can be turned back on afterwards.