Binance announced that due to the enthusiastic response of the community to AEUR and some users did not realize that AEUR was a stable currency when they purchased it, the demand surged in the short term, resulting in price deviations. Binance monitors the market 24 hours a day. After monitoring the situation, it has suspended AEUR/USDT, BTC/AEUR, ETH/AEUR, EUR/AEUR spot trading pairs at 02:31:59 (Eastern Time) on December 6, 2023 to avoid potential losses for other investors. The resumption time of the above AEUR spot trading pairs will be notified separately.
Binance stated that Binance has always adhered to the highest principle of protecting users to the greatest extent possible, and Binance will assist the AEUR project team in providing reasonable compensation to affected users within 72 hours after the release of this announcement.
For users who bought AEUR through the AEUR/USDT, BTC/AEUR, ETH/AEUR and EUR/AEUR spot trading pairs during the period from 01:41:16 (ET on December 6, 2023) to 02:31:59 (ET on December 6, 2023) (hereinafter referred to as the "Compensation Period"), and failed to successfully sell AEUR on the Binance spot platform before 02:31:59 (ET on December 6, 2023); Binance will compensate the relevant users for their net bought AEUR positions during the Compensation Period at the AEUR price on the Binance spot platform at 01:41 (ET on December 6, 2023) (i.e. 1 AEUR is 1.07999 USDT).
The compensation calculation method is:
Compensation for a single eligible user = (user’s net AEUR purchase amount * user’s average AEUR purchase price) - (user’s net AEUR purchase amount * 1.07999 USDT)
Net AEUR purchase amount by users = Total AEUR purchased on Binance spot platform during the compensation period - Total AEUR sold on Binance spot platform during the compensation period
Average AEUR purchase price = Total USDT equivalent of AEUR purchased on Binance spot platform during the compensation period / Total AEUR purchased on Binance spot platform during the compensation period
