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Cryptocurrency News Articles

Binance to Convert 15 Tokens to USDT on April 21, 2024

Apr 01, 2024 at 10:15 pm

Binance will perform token swap from below tokens to USDT based on the balances of each user in their Binance wallet as of the snapshot time on April 21, 2024, 00:00 (UTC). The swap will be completed and the equivalent amount of USDT will be credited to the users’ Binance wallets by October 20, 2024, 23:59 (UTC). Users will be able to withdraw the delisted/airdropped tokens before April 20, 2024, 23:59 (UTC), after which withdrawals will no longer be available.

Binance to Convert 15 Tokens to USDT on April 21, 2024

Effective April 21, 2024, at 00:00 UTC, Binance will initiate the conversion of the following tokens to USDT based on user holdings in their Binance wallets as of the snapshot time. The conversion process is scheduled to be completed, and an equivalent amount of USDT will be credited to users' Binance wallets by 23:59 UTC on October 20, 2024.

Users are advised to withdraw eligible airdropped/delisted tokens before 23:59 UTC on April 20, 2024, as withdrawals will no longer be supported after this date.

Affected Tokens:

  • Moeda Loyalty Points (MDA)
  • Helium (HNT)
  • Mithril (MITH)
  • DFI.Money (YFII)
  • Mirror Protocol (MIR)
  • Venus Reward Token (VRT)
  • TokenClub (TCT)
  • Augur (REP)
  • EasyFi (EZ)
  • Swerve (SWRV)
  • Boba Network (BOBA)
  • Serum (SRM)
  • Raiden Network Token (RDN)
  • Cobak Token (CBK)
  • OnX Finance (ONX)

Conversion Details:

Binance will execute the token conversions using an average exchange rate calculated from 00:00 UTC on April 21, 2024, to 23:59 UTC on October 20, 2024. Users will be notified via email, and details on the average exchange rate will be provided during the conversion period. All users holding the affected tokens will receive an email notification no later than April 8, 2024.

Deposits and withdrawals of the affected tokens will not be supported after April 20, 2024. The conversion is anticipated to be complete by October 20, 2024, and the tokens will not be viewable in Binance wallets during the conversion period.

For the most accurate and up-to-date information, please refer to the official announcement.

Additional Information:

  • Binance CEO Richard Teng Makes Mysterious Visit to South Korea

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