This is a routine announcement and the products and services discussed in this announcement may not be available in your area.
Dear User:
Binance will regularly review the digital assets listed to ensure a high level of currency quality. When a token no longer meets the listing standards or there are major changes in the industry environment, we will conduct an in-depth project review and may delist it. Binance has always attached great importance to user experience and constantly adapts to changes in the market environment, always prioritizing the maximum protection of users.
When reviewing a project, we will consider various factors and make a prudent decision to delist. The following are some of the factors we consider when delisting a token:
Team commitment to the project
Level and quality of project progress
Trading Volume and Liquidity
Network/smart contract stability
Community maintenance
Responding to Binance’s regular review of positivity
Unethical/fraudulent behavior
New regulatory requirements
Contribution to the construction of the entire blockchain ecosystem
Based on the above factors, we have decided to stop trading and delist the following currencies at 11:00 on July 22, 2024 (GMT+8):
BarnBridge（BOND）
Dock（DOCK）
Mdex（MDX）
Polka starter（WRIST）
Notice:
Trading pairs to be removed: BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, POLS/USDT;
After trading is stopped, all pending orders will be automatically cancelled;
After trading is stopped, the delisted currencies in your wallet will not display valuations. Please do not check [Hide Small Assets] to view the balances of the above currencies;
After 11:00 AM (ET) on July 23, 2024, deposits of the above tokens will not be credited to Binance Wallet;
The withdrawal service of the above tokens will be stopped at 11:00 on October 22, 2024 (GMT+8);
The platform may allow users to exchange delisted tokens for stablecoins at 11:00 (ET) on October 23, 2024. Please note: the exchange rate for delisted tokens to stablecoins cannot be guaranteed. A separate notice will be given before the exchange is opened (if applicable), and the stablecoins will be credited to the user's Binance account after the exchange;
Binance Earn will delist the above-mentioned currencies at 11:00 (ET) on July 19, 2024. Users can choose to redeem the above-mentioned currencies from the Earn Coin current products in advance. Otherwise, these Earn Coin current holdings and accumulated rewards (if any) will also be automatically redeemed at the above time and then transferred to the user's spot wallet;
Binance's fixed investment plan will remove the above-mentioned currencies from the market at 11:00 (ET on July 15, 2024). Users can choose to exit the plan in advance. Otherwise, the next purchase cycle of the corresponding currency will not be executed;
Binance Margin will remove BOND, DOCK, MDX, and POLS full-margin and isolated-margin trading pairs at 14:00 (ET) on July 17, 2024. Binance Margin will suspend isolated-margin lending for the above pairs at 14:00 (ET) on July 12, 2024. Binance Margin will automatically close and liquidate full-margin and isolated-margin positions for the above pairs at 14:00 (ET) on July 17, 2024, and cancel all pending orders of users for the above pairs. After that, the above pairs will be delisted from the Margin platform. During the delisting process, users will not be able to update their positions. It is strongly recommended that users close their positions and/or transfer assets from the Margin wallet to the Spot wallet before the above pairs stop margin trading, that is, before 14:00 (ET) on July 17, 2024. Binance will not be responsible for any potential losses.
Binance pledged loans (current and fixed rates) and VIP loans will remove MDX, BOND, POLS, and DOCK from the loanable and collateralized currencies starting at 11:00 (ET) on July 17, 2024, and automatically close and liquidate outstanding orders of the above currencies as loan or collateral currencies. Users are strongly recommended to repay the loans before 11:00 (ET) on July 17, 2024 to avoid potential losses;
Please refer to Binance Staking (current and fixed rates) and Binance VIP Loan FAQs for more information. For more details, please refer to Binance Staking and VIP Loan Terms and Conditions;
Starting from 14:00 (ET) on July 16, 2024, the Binance Funding Rate Arbitrage Robot will close all arbitrage strategies for the BOND/USDT trading pair and perform automatic settlement. These trading pairs will no longer be available for opening new arbitrage strategies after delisting;
It is recommended that users of Binance unified accounts transfer the above tokens from their margin accounts to their spot accounts and replenish their margin balances before 14:00 (ET) on July 17, 2024. Users should closely monitor the maintenance margin ratio (Uni-MMR) of their unified accounts to avoid any potential liquidation that may result from the margin wallet no longer supporting the above tokens;
Starting from 14:00 (GMT+8) on July 17, 2024, users who enable the unified account mode will automatically convert the BOND, DOCK, MDX, and POLS balances in their full-margin leverage wallets into USDT. The conversion process will take about 24 hours or longer. Binance will not be responsible for any losses that may arise from new positions established during the asset conversion process. For more information, please refer to this FAQ;
From 11:00 on July 18, 2024 (GMT+8) to 10:00 on July 22, 2024 (GMT+8), the above-mentioned tokens will be in sell-only mode on Binance Flash Exchange. Binance Flash Exchange will delist the above-mentioned tokens and all related trading pairs at 10:00 on July 22, 2024 (GMT+8);
Binance One-Click Buy & Sell will remove the above tokens and all related trading pairs at 11:00 (ET) on July 18, 2024.
Binance Gift Cards will delist the above-mentioned currencies at 11:00 (ET) on July 22, 2024. Users are advised to manage gift cards of the above-mentioned tokens in advance to avoid any inconvenience;
Binance Payment will delist the above-mentioned currencies at 11:00 (ET) on July 18, 2024;
Binance will terminate the trading robot service for the above spot trading pairs at 11:00 (ET) on July 22, 2024, where applicable. Users are strongly recommended to update and/or cancel the trading robot before the above trading robot service is terminated to avoid any potential losses;
Please note that BONDUSDT U-margin perpetual contract trading is not affected and users can continue to trade;
There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.
Thank you for your continued support and love for Binance. We will continue to build the blockchain ecosystem in an open, transparent, and sustainable manner.
Thank you for your support!
Binance Team
July 08, 2024
Note: This announcement was updated on July 8, 2024 to clarify that Binance Collateralized Loans (current and fixed rates) and VIP Loans will remove MDX, BOND, POLS, and DOCK from the borrowable and collateralized currencies starting at 11:00 (ET) on July 17, 2024, and automatically close and liquidate outstanding orders of the above currencies as borrowable or collateralized currencies.
