This is a general announcement. The products and services mentioned here may not be available in your area.

Dear Binance community members!

Binance will support the swap of Mines of Dalarnia (DAR) tokens and the rebranding to Dar Open Network (D).

On 01/06/2025 at 05:00 (Kyiv time), Binance will remove all existing DAR spot trading pairs (e.g. DAR/USDT and DAR/TRY) and cancel all pending DAR spot trading orders. On 01/09/2025 at 10:00 (Kyiv time), Binance will open trading on D/USDT and D/TRY trading pairs.

General rules

  • Deposits and withdrawals

    • On 06/01/2025 at 05:30 (Kyiv time), deposits and withdrawals of old DAR tokens will be suspended. Please make sure you have enough time left to fully process your old DAR token deposits.

    • D token deposits will be opened on January 9, 2025 at 09:00 (Kyiv time).

    • Binance will make a separate announcement after the event concludes to inform users when D token withdrawals will be available.

    • After the event ends, withdrawal of DAR tokens will no longer be supported.

  • Binance will fulfill all technical requirements of users participating in this event.

  • Users can view the announcement from the project team for more information.

Token swap and rebranding

  • DAR tokens will have the ticker D on Binance.

  • All DAR tokens will be exchanged for D according to the formula 1 DAR = 1 D.

Spot

  • On 06/01/2025 at 05:00 (Kyiv time), Binance will remove and cease trading of all spot pairs with DAR.

  • The following trading pairs will be removed: DAR/USDT and DAR/TRY.

  • All trading orders will be automatically canceled after trading in each relevant trading pair has ceased.

  • Binance will discontinue trading bot services for the above-mentioned spot trading pairs on 06/01/2025 at 05:00 (Kyiv time), if available. Users are strongly advised to update and/or cancel their trading bots before the trading bot services are discontinued to avoid potential losses.

  • Binance will remove the above-mentioned spot trading pairs from Spot Copy Trading on 01/05/2025 at 05:00 (Kyiv time). After the specified time, spot trading pairs with open positions will be transferred to the spot wallet. Users are strongly advised to update or cancel their spot copy trading portfolios by 11/05/2025, 05:00 (Kyiv time) to avoid losses.

  • Binance will open trading on D/USDT and D/TRY pairs on January 9, 2025 at 10:00 (Kyiv time).

Futures

  • Binance Futures will close all positions and automatically settle the USDⓈ-M DARUSDT perpetual contracts on 12/26/2024 at 11:00 (Kyiv time). The contracts will be deleted after the settlement is complete. Users are advised to close all open positions before the deletion time to avoid automatic settlement. Users are not allowed to open new positions for the above contracts starting from 12/26/2024 at 10:30 (Kyiv time). To protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may take additional protective measures for USDⓈ-M DARUSDT perpetual contracts without further announcement, including, but not limited to, adjusting the maximum leverage, position value, and maintenance margin at each of the margin levels, updating funding rates such as the interest rate, premium, and capped funding rate, changing the price index components, and using the last price protection mechanism to update the mark price. A separate announcement will be made regarding the re-listing.

  • On December 26, 2024 at 11:00 (Kyiv time), the Binance funding rate arbitrage bot will close all arbitrage strategies and perform automatic settlement on the DARUSDT symbol.

Margin

  • Binance Margin will remove DAR from cross margin and isolated margin on 12/27/2024 at 08:00 (Kyiv time). The DAR/USDT trading pair will be removed from cross margin and isolated margin. Starting from this moment, users will no longer be able to transfer amounts with the above-mentioned token manually and in automatic transfer mode to their margin accounts. If users have outstanding obligations for the specified token, they can only manually transfer the amount of obligations for this token to their margin accounts, minus the already available collateral.

    • On 12/19/2024 at 08:00 (Kyiv time), Binance Margin will suspend isolated margin borrowing on the above-mentioned isolated margin pairs. On 12/27/2024 at 08:00 (Kyiv time), Binance Margin will close users' positions, perform automatic settlement, and cancel all unfilled orders for the above-mentioned isolated margin pairs, which will subsequently be removed from isolated margin.

    • On 19.12.2024 at 08:00 (Kyiv time), borrowing of the above tokens will be suspended on the Binance Margin cross-margin. If users have both collateral and obligations for the above tokens as of 27.12.2024, 08:00 (Kyiv time), the collateral will be used to repay the relevant obligations. If the user has collateral balances or obligations for the above tokens, one of the following procedures will be implemented.

      • If the user holds the above tokens only in the form of collateral:

        • If the collateral margin level (CML) exceeds 2, the above tokens will be transferred to the user's spot wallet in such a way that the CML value is equal to 2. The remaining tokens to be deleted in the user's cross-margin accounts will be sold in full.

        • If the CML value is below 2, the remaining tokens to be deleted in the user's cross-margin accounts will be sold in full.

      • If the user holds the above tokens only in the form of liabilities:

        • If the CML value is 2 or higher, the pending orders will remain unchanged.

        • If the CML value is below 2, all unfilled orders on the user's cross margin accounts will be canceled.

        • The system will then sell the user's other collateral tokens in order to purchase the tokens to be deleted and fully repay the corresponding obligations in those tokens.

  • Please note that users will not be able to update their positions during the deletion process and are strongly encouraged to close positions and/or transfer their assets from margin wallets to spot wallets before margin trading ends on 12/27/2024, 08:00 (Kyiv time). Binance is not responsible for any potential losses.

  • Margin Portfolio users are advised to transfer the above tokens from their margin wallet to their spot wallet and top up their margin balance, if necessary, by 12/27/2024, 08:00 (Kyiv time). Users should closely monitor the Unified Maintenance Margin Ratio (uniMMR) to avoid liquidation that may occur as a result of the removal of the above tokens from the margin wallet.

  • All DAR balances in cross-margin wallets in the margin portfolio account will be automatically converted to USDT starting from 12/27/2024, 08:00 (Kyiv time). The conversion may take approximately 24 hours or more. Binance Margin is not responsible for any losses on new positions during this period that may arise due to the conversion of funds. Please see this guide for more information.

  • A separate announcement will be made regarding the re-listing.

Loans

  • On 12/26/2024 at 05:00 (Kyiv time), all outstanding DAR loan positions will be closed on the Binance Loans (flexible rates) and VIP Loans platforms (both loan tokens and collateral tokens will be closed). Users are strongly encouraged to repay their outstanding DAR loans by 12/26/2024, 05:00 (Kyiv time) to avoid losses.

Simple Earn

  • Starting December 30, 2024, 05:00 (Kyiv time), Binance Simple Earn will stop supporting perpetual DAR products, and subscriptions will no longer be available.

  • Starting from 12/30/2024, 05:00 (Kyiv time), all remaining DAR perpetual product positions, along with accumulated rewards, will be automatically transferred to users' spot wallets. Users can withdraw their DAR assets from Simple Earn perpetual products at any time before this point.

  • After 09/01/2025, 10:00 (Kyiv time), Binance Simple Earn will resume subscription to convertible D assets for perpetual products of eligible users based on the above swap ratio after the event ends.

Binance Pay

  • On December 27, 2024 at 05:00 (Kyiv time), Binance will remove DAR from the list of supported cryptocurrencies on Binance Pay.

Gift card

  • Starting January 6, 2025, 05:00 (Kyiv time), Binance will no longer support the creation of gift cards with DAR.

    • Although users can exchange unactivated DAR gift cards for DAR tokens until 06/01/2025, 05:00 (Kyiv time), redeemed tokens will be automatically converted into new D tokens.

    • After 06.01.2025, 05:00 (Kyiv time), all unactivated gift cards with DAR will be automatically converted into new D tokens.

Conversion

  • Binance Convert will only support the ability to sell DAR and all related pairs from 12/27/2024, 04:00 (Kyiv time) to 01/06/2025, 04:00 (Kyiv time). After that, Binance Convert will remove DAR and all related pairs on 01/06/2025 at 04:00 (Kyiv time).

Automatic investing

  • Binance Auto Invest will remove DAR after 12/26/2024, 04:00 (Kyiv time). Users can remove their plans in advance, otherwise the next periodic purchase cycle of the above tokens will not occur.

Conversion of small balances

  • The DAR small balance conversion feature will be removed on 05/01/2025 at 04:00 (Kyiv time). Users can convert small balances in advance.

Buying and selling cryptocurrency

  • On December 26, 2024 at 04:00 (Kyiv time), the DAR token and all pairs associated with it will be removed from the cryptocurrency buying and selling functions.

Note: There may be discrepancies in the translation of this original English article. If there are any, please refer to the original English version for the most accurate information.

Thank you for your support!

Team Binance

19.12.2024