Binance exchange announced that this Altcoin will support network upgrades
The world's leading exchange Binance has announced support for the Metal DAO (MTL) mainnet transition in the near future.
The Binance exchange has announced support for the Metal DAO (MTL) mainnet transition in the near future. To facilitate this transition, all deposits and withdrawals of the old MTL token will be suspended starting 09:00 June 24, 2024 (UTC).
Additionally, spot trading, margin trading, futures trading, and Binance Earn services will not be affected during the mainnet transition. Binance will manage all technical requirements of the token conversion process on behalf of users.
This event will swap all old MTL tokens into new MTL tokens at a 1:1 ratio. After the swap, deposits and withdrawals of old MTL tokens will no longer be supported.
Once the swap is complete, Binance will publish a separate notice to users regarding when new MTL tokens can be deposited and withdrawn. Users can refer to the project team's official channels for more details.
This mainnet swap is a significant upgrade for Metal DAO, and Binance's support ensures a smooth transition for all users involved