Soon

Binance has announced important updates regarding the DOT Slot Auction. The lock-up period is due to end on October 24, 2023, and users will be able to start redeeming their locked DOT from 06:00 (UTC) on October 26, 2023, via the DOT Slot Auction page.

Upon successful redemption, users can continue to earn rewards by subscribing to DOT on Simple Earn Locked and Flexible Products, with an annual percentage rate (APR) of up to 13.9%.

Significant details to note:

- From 06:00 (UTC) on October 26, 2023, BDOT holders in Spot Wallets may start redeeming DOT with BDOT on a 1:1 basis on the DOT Slot Auction page.
- If you have participated in the DOT Slot Auction but didn't convert your locked DOT to BDOT, your locked DOT will automatically be credited to your Spot Wallet at 06:00 (UTC) on October 26, 2023.
- Binance will delist the BDOT/DOT trading pair and cease all related trading activities, including Trading Bots services, from 06:00 (UTC) on October 26, 2023.
- Users' remaining BDOT assets will automatically be converted to DOT on a 1:1 ratio and credited to user's Spot Wallet at 06:00 (UTC) on November 9, 2023.
- DOT Slot Auction participants are still eligible to claim any remaining voting rewards after redemption. Any unclaimed voting rewards will automatically be transferred to users' Spot Wallets at 06:00 (UTC) on February 1, 2024.