Key Points
- Binance reveals discover on the withdrawals of delisted tokens and conversion of cash to USDC.
- Impacted tokens: XMR, BTG, BTCST, BTS, DNT, GRS, HEGIC, MOB, MTH, MULTI, NAV, SOLO, SPARTA, XYM and TRIBE.
In a brand new announcement, Binance revealed that it’ll carry out a conversion of 15 tokens to USDC primarily based on customers’ holdings of their Binance wallets on the snapshot time of September 2, 2024, 00:00 (UTC).
The conversion can be accomplished and the equal quantity of USDC can be credited to customers’ Binance wallets by March 1, 2025, at 23:59 (UTC).
According to the alternate’s official notes, customers might withdraw the airdropped/delisted tokens earlier than September 1, 2024, at 23:59 (UTC) and after this date, withdrawals will change into unavailable.
Here is the checklist of impacted tokens:
- Bitcoin Gold (BTG)
- Bitcoin Standard Hashrate Token (BTCST)
- Bitshares (BTS)
- District0x (DNT)
- Groestlcoin (GRS)
- Hegic (HEGIC)
- MobileCoin (MOB)
- Monero (XMR)
- Monetha (MTH)
- Multichain (MULTI)
- Navcoin (NAV)
- Sologenic (SOLO)
- Spartan Protocol (SPARTA)
- Symbol (XYM)
- Tribe (TRIBE)
Conversion Details
According to the official notes, the conversion can be executed on the premise of the common tokens to USDC alternate fee.
Binance will reportedly replace the announcement and ship a separate e-mail to all impacted customers when the conversion of the tokens to USDC is full.
Additional data
- Users who maintain any tokens talked about above of their Binance wallets will get an e-mail notification by August 19, 2024, at 23:59 (UTC).
- Deposits of any tokens listed above are not supported and won’t be credited to customers’ accounts.
- After the withdrawal interval ends on September 1, the tokens’ withdrawals will not be supported, and customers will be unable to switch them from Binance wallets to any exterior wallets.
- During the conversion interval, customers will be unable to view the tokens listed above of their Binance wallets.
Earlier, Binance revealed one other vital announcement relating to delisting a number of tokens on August 26.
