In an official announcement, Binance, a leading cryptocurrency exchange, has informed its users about the scheduled delisting and conversion of Moeda Loyalty Points (MDA), Helium (HNT), and Mithril (MITH) tokens to Tether (USDT), a stablecoin pegged to the US dollar.

Delisting and Automated USDT Conversion

Binance will delist MDA, HNT, and MITH tokens at a yet-to-be-specified date.

On April 21, 2024 (UTC), a user balance snapshot will capture holdings of these delisted tokens. Based on this snapshot, Binance will automatically convert all user holdings into USDT.

The conversion is expected to be completed by October 20, 2024 (UTC). The equivalent amount of USDT will be credited directly to users' Binance wallets.

Important User Deadlines

Withdrawal Deadline: April 20, 2024 (UTC) is the final deadline for users to withdraw MDA, HNT, and MITH tokens from their Binance wallets. After this date, withdrawals for these tokens will be disabled.

Deposit Suspension: Deposits of the aforementioned delisted tokens are no longer accepted on the Binance platform.

User Action Recommendations

Account Review: Binance users are encouraged to review their wallet balances and identify any holdings of MDA, HNT, or MITH tokens.

Withdrawal or Conversion Choice: Users have the option to withdraw their delisted tokens before the April 20th deadline. Alternatively, the tokens will be automatically converted to USDT in October.

Email Notification: All impacted users will receive an email notification regarding the conversion process by April 8, 2024 (UTC).

Further Information

For a complete understanding of this announcement, please refer to the official Binance announcement.

https://www.binance.com/en/support/announcement/notice-on-the-withdrawals-of-delisted-tokens-conversion-of-selected-tokens-to-usdt-2024-04-01-b1e997d92c90432fb28cf788f313f3dd

This planned action may impact users holding the aforementioned tokens on Binance. We strongly recommend carefully considering your options and taking necessary actions before the designated deadlines to effectively manage your cryptocurrency holdings. #TrendingTopic." #TrendingPredictions #MDA #HNT #MITH