This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
The lock-up period for DOT Slot Auction will end on 2023-10-24, and users may start redeeming their locked DOT through the DOT Slot Auction page starting from 2023-10-26 06:00 (UTC).
After redemption, users may subscribe to DOT on Simple Earn Locked and Flexible Products to continue earning rewards with APR of up to 13.9%.
Please note:
From 2023-10-26 06:00 (UTC), users who hold BDOT in Spot Wallets may start redeeming DOT with BDOT on a 1:1 basis on the DOT Slot Auction page.
At 2023-10-26 06:00 (UTC), users who participated in Dot Slot Auction but didn’t convert their locked DOT to BDOT, will have their locked DOT automatically credited to their Spot Wallets.
At 2023-10-26 06:00 (UTC), Binance will delist and cease trading on the BDOT/DOT spot trading pair, and terminate Trading Bots services for the pair. All pending trade orders on the pair will be automatically removed after trading ceases. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.
At 2023-11-09 06:00 (UTC), users’ remaining BDOT assets will be automatically swapped for DOT on a 1:1 basis and credited to the respective user’s Spot Wallet.
Participants of DOT Slot Auction are still eligible to claim the remaining voting rewards after redemption. At 2024-02-01 06:00 (UTC), all unclaimed voting rewards will be automatically distributed to users’ Spot Wallets.
For more information, please refer to the Polkadot (DOT) Parachain Slot Auction Rules.
Thanks for your support!
Binance Team
2023-10-20
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Find us on
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
