lawrence jenga
October 8, 2024 07:47
Binance announced that it will convert delisted tokens to USDC, affecting tokens such as VAI, TORN, and OMG. Withdrawals are possible until October 28, 2024.
Binance, a leading cryptocurrency exchange, announced that it plans to convert several delisted tokens to the stablecoin USD Coin (USDC). This decision affects a variety of tokens, including Vai (VAI), Tornado Cash (TORN), and OMG Network (OMG). According to Binance, the conversion will be based on the user’s Binance Wallet holdings as of 00:00 on October 29, 2024 (UTC).
Token Conversion Schedule
The conversion process is scheduled to be completed by 23:59 on April 28, 2025 (UTC). Users are advised to withdraw their tokens by 23:59 on October 28, 2024 (UTC). After this deadline, withdrawals will no longer be supported and tokens will be automatically converted to USDC.
Tokens Affected
The list of tokens to be converted includes:
- go (go)
- Tornado Cache (TORN)
- OMG Network (OMG)
- WAVES
- NEM (reference)
- BOND
- Dock
- MDX
- Polka Starter (POLS)
- Pundi X Wallet (PURSE)
Conversion Details
The conversion will be carried out based on the average token-to-USDC exchange rate during the conversion period from October 29, 2024 to April 28, 2025. Binance will notify all affected users via email by October 15, 2024 and provide additional details. Conversion rate.
Deposits of these tokens are no longer supported, and any deposits will not be credited to the user’s account. During the conversion period, users will not be able to see the converted tokens in their Binance wallet.
Additional information
Binance emphasizes that users will receive an email notification regarding the completion of the conversion. Additionally, there may be inconsistencies between translated versions of the Notice, so you should refer to the original English version for the most accurate information.
Binance reserves the right to modify or cancel any announcement without prior notice. The exchange advises users to carefully consider their investment decisions as digital asset prices are subject to high market risk and volatility.
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