Fellow Binancians,
Binance will list BRC-20 Sats (1000SATS) and open trading for these spot trading pairs at 2023-12-12 12:00 (UTC).
New Spot Trading Pairs: 1000SATS/USDT, 1000SATS/FDUSD and 1000SATS/TRY.
Users can now start depositing 1000SATS in preparation for trading.
Withdrawal will open at 2023-12-13 12:00 (UTC).
1000SATS Listing Fee: 0 BNB.
In addition, Binance will add 1000SATS as a new borrowable asset with this new margin pair on Isolated Margin, within 48 hours from 2023-12-12 12:00 (UTC).
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits and rates.
Notes:
1000SATS is 1000 times of SATS. For example, if a user deposits 1100 SATS to Binance, Binance will automatically show it as 1.1 1000SATS.
The Seed Tag will be applied to 1000SATS.
TRY is a fiat currency and does not represent any other digital currencies.
The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
What Is Sats (1000SATS)
SATS is a BRC-20 token that pays homage to satoshi. SATS is the abbreviation for satoshi, the smallest unit of Bitcoin. One satoshi equals to 0.00000001 BTC. Please note that the token is a meme token and is inscribed by an anonymous team. 1000SATS is 1000 times of SATS.
Reminder:
1000SATS is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, have done your own research in regards to 1000SATS’s fundamentals, and fully understand the project before opting to trade the token.
The Seed Tag represents innovative project that may exhibit higher volatility and risks compared to other listed tokens. The Seed Tag will be applied to 1000SATS.
To gain trading access to the tokens marked with Seed Tag, users will need to pass the corresponding quizzes every 90 days on the Binance Spot and/or Binance Margin platforms, and accept the Terms of Use. The quizzes are set up to ensure users are aware of the risks before trading the tokens with the Seed Tags. Users may find the Seed Tags on the corresponding Binance Spot and Binance Margin trading pages, as well as on the Markets Overview page. A risk warning banner will also be displayed for all tokens with the Seed Tags.
Details:
Thanks for your support!
Binance Team
2023-12-12
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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.
