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 our high level of quality. When a token no longer meets the listing criteria or there are major industry changes, we will conduct an in-depth project review and may delist it. We believe that this is the only way to protect users to the greatest extent.
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
Product/Network/Smart Contract Stability
Community maintenance
Responding to Binance’s regular review of positivity
Unethical/fraudulent behavior
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 August 22, 2023 (GMT+8):
Sonm (SNM)
Serum (SRM)
DFI.Money (YFII)
Notice:
Trading pairs to be removed: SNM/BTC, SNM/BUSD, SRM/BUSD, YFII/USDT;
After trading is stopped, all pending orders will be automatically cancelled;
After stopping trading, please unhide the small assets to see the above currencies;
The above token recharge service will end at 11:00 on August 23, 2023 (GMT+8), after which your recharge will not be credited to your account.
Users can withdraw funds before 11:00 on November 22, 2023 (GMT+8), after which the withdrawal function will be closed.
Delisted tokens will be converted to stablecoins (if applicable) for future users at 11:00 ET on November 22, 2023. Assets will be distributed to users’ Binance accounts.
Delisted tokens will be notified separately before being converted to stablecoins (if applicable).
Binance Earn will delist the above currencies at 14:00 (ET) on August 21, 2023. Users can choose to redeem their Earn current holdings in advance. Otherwise, these Earn holdings will be automatically redeemed at the above time and subsequently transferred to the user's spot wallet.
Binance Debit Loans will automatically close and liquidate the above positions at 14:00 (ET) on August 18, 2023. Users are strongly advised to repay outstanding loans before 14:00 (ET) on August 18, 2023 to avoid any losses.
Binance Gift Cards will delist the above cryptocurrencies at 11:00 (ET) on August 22, 2023. Users are advised to manage these cryptocurrency gift cards in advance to avoid any inconvenience.
Binance Pay will delist the above-mentioned currencies at 11:00 on August 22, 2023 (GMT+8).
Binance will terminate the trading robot service for the above spot trading pairs at 11:00 (ET) on August 22, 2023. 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;
In the event of any discrepancy between the translated version and the original English version, the English version shall prevail.
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
August 15, 2023