According to Wu, on April 5, Socrates announced that it would upgrade its brand and adjust its products, and it is expected to launch a new brand and platform product in June. The existing Socrates products will be officially terminated and removed from the shelves at 0:00 UTC on April 30. Users holding Socrates points can exchange their points for USDT at a 1:1 ratio before the service is stopped, but they will not be able to exchange them after the service is stopped. At the same time, users holding assets such as SOC on the platform need to properly back up and keep their private keys and mnemonics, and they will no longer support export after the service is stopped.