Key Points
- Binance will delist BOND, DOCL, MDX, and POLS on July 22.
- The alternate will delist and stop buying and selling on all spot buying and selling pairs for the tokens.
In an official announcement, Binance revealed the choice to delist and stop buying and selling on all spot buying and selling pairs for the next tokens:
- BarnBridge (BOND)
- Dock (DOCK)
- Mdex (MDX)
- Polkastarter (POLS)
The precise buying and selling pairs to be eliminated are the next:
- BOND/BTC
- BOND/USDT
- DOCK/BTC
- DOCK/USDT
- MDX/USDT
- POLS/USDT
Binance periodically opinions all listed digital belongings to ensure that they proceed to fulfill a excessive stage of ordinary and business necessities.
When a token now not meets the requirements or the business panorama adjustments, the alternate conducts a extra in-depth overview which might result in its delisting.
The transfer is a part of Binance‘s efforts to make sure the very best providers and safety for customers whereas adapting to the evolving market.
Here are a very powerful components considered when the alternate decides on a possible delisting:
- Commitment of the crew to the undertaking
- Level of high quality of improvement exercise
- Trading quantity and liquidity
- Stability and security of the community from assaults
- Network/sensible contract stability
- The stage of public communication
- Responsiveness to the periodic due diligence requests
- Evidence of unethical/fraudulent conduct or negligence
- New regulatory necessities
- Contribution to a wholesome and sustainable crypto ecosystem
Important Delisting Notes
All commerce orders might be routinely eliminated after the cessation of buying and selling in every buying and selling pair.
After delisting, the token’s valuation will now not be displayed in customers’ wallets. To view the belongings after buying and selling ceases, customers need to ensure that they’ve chosen “Hide Small Balances” in all wallets.
Deposits of tokens to be delisted is not going to be credited to consumer accounts after July 23 at 03:00 (UTC).
Withdrawals of the tokens from Binance is not going to be supported after October 22 at 03:00 (UTC).
Here are further particulars that need to be considered:
Stablecoin conversion
- Delisted tokens could also be transformed into stablecoins on customers’ behalf after October 23, at 03:00 (UTC).
- The conversion into stablecoins isn’t assured.
- A separate notification might be made earlier than the conversion, wherever relevant.
- The stablecoins might be credited to customers’ accounts post-conversion.
Binance Simple Earn
- Binance Simple Earn will delist the tokens talked about above on July 19, at 03:00 (UTC).
- Users can select to redeem their Flexible Products positions beforehand, in any other case, they are going to be routinely redeemed and transferred to customers’ Spot Wallets, along with accrued rewards, from July 19, at 03:00 (UTC).
Binance Auto Invest
- Binance Auto Invest will delist the tokens after July 15 at 03:00 (UTC).
- Users could select to take away the plan(s) beforehand, in any other case the following recurring cycle of the tokens will fail.
VIP Loan
- On July 17, at 03:00 (UTC), VIP Loan will shut all excellent mortgage positions for the tokens as loanable tokens and collateral tokens.
- Users are suggested to repay excellent loans earlier than July 17 at 03:00 (UTC) to keep away from potential losses.
Binance Funding Rate Arbitrage Bot
- On July 16, at 06:00 (UTC), Binance Funding Rate Arbitrage Bot will shut all arbitrage methods and conduct an computerized settlement on the BOND/USDT image.
- The pair will now not be obtainable for opening new arbitrage methods upon delisting.
Binance Margin
- On July 17, at 06:00 (UTC), Binance Margin will delist the BOND, DOCK, MDX, POLS cross margin, and remoted margin pair(s).
- On July 12, at 06:00 (UTC), Binance Margin will droop remoted margin borrowing on the remoted margin pairs.
- On July 17, at 06:00 (UTC), Binance Margin will shut customers’ positions, conduct an computerized settlement, and cancel pending orders on the cross and remoted margin pair(s), and the pairs might be faraway from Margin.
- Users are suggested to shut their positions and switch the belongings from Margin Wallets to Spot Wallets earlier than the cessation of margin buying and selling on July 17, at 06:00 (UTC).
Portfolio Margin
- Portfolio Margin customers are suggested to switch the tokens out of their Margin Wallet to their Spot Wallet.
- Users ought to prime up their margin stability earlier than July 17, at 06:00 (UTC).
- Users ought to monitor the Unified Maintenance Margin Ratio (Uni-MMR) to keep away from potential liquidation.
- All BOND, DOCK, MDX, and POLS balances in Cross Margin Wallets underneath the Portfolio Margin account might be routinely transformed into USDT from July 17, at 06:00 (UTC); conversion will take not less than 24 hours.
Binance Convert
- Binance Convert will preserve a Sell-only operate for the tokens and related pairs from July 18, at 03:00 (UTC) to July 22, at 02:00 (UTC).
- Binance Convert will delist the tokens and related pairs on July 22, at 02:00 (UTC).
Binance Buy and Sell Crypto
- Binance But and Sell Crypto will delist the tokens and related pairs on July 18, at 03:00 (UTC).
Binance Gift Card
- Binance Gift Card will delist the tokens on July 22, at 03:00 (UTC).
- Users are inspired to handle Gift Cards containing the tokens prematurely to keep away from inconveniences.
Binance Pay
- Binance Pay will delist the tokens on July 18, at 03:00 (UTC).
Trading Bots Services
- Binance will terminate Trading Bots providers for the spot buying and selling pairs on July 22, at 03:00 (UTC) the place relevant.
- Users are suggested to replace or/and cancel Trading Bots earlier than the cessation of Trading Bots providers to keep away from losses.
Binance noted that the USDⓈ-M BONDUSDT Perpetual Contract buying and selling isn’t affected and customers could proceed buying and selling.
