This is a general announcement. Products and services mentioned may not be available in your region.

Hello Binancian:

Binance will support the token swap and rebranding of Mines of Dalarnia (DAR) to Dar Open Network (D).

On January 6, 2025 at 03:00 (UTC), Binance will delist all DAR spot trading pairs (DAR/USDT and DAR/TRY) and cancel all pending DAR Spot orders. On January 9, 2025 at 08:00 (UTC), Binance will open trading for D/USDT and D/TRY trading pairs.

General

  • Deposits and withdrawals

    • On January 6th, 2025 at 03:30 (UTC), deposits and withdrawals of DAR tokens will be suspended. Please make sure to leave a significant amount of time for your DAR token deposits to be fully processed before this date.

    • D token deposits will be enabled at January 9, 2025, 07:00 (UTC).

    • Once this event is complete, Binance will publish a new announcement to inform users when D withdrawals will be enabled.

    • Once the process is complete, deposits and withdrawals of DAR tokens will no longer be allowed.

  • Binance will take care of all technical requirements for users involved in this process.

  • For more information, users can refer to the project team's announcement.

Token Swap and Name Change

  • DAR tokens will adopt the ticker D on Binance.

  • All DAR tokens will be exchanged for D at a ratio of 1 DAR = 1 D.

Spot

  • At 03:00 on January 6, 2025 (UTC), Binance will delist and suspend trading of all DAR Spot trading pairs.

  • The trading pairs that will be removed are: DAR/USDT and DAR/TRY.

  • All trade orders will be automatically deleted after trading ceases on each respective pair.

  • Trading Bot services for the above-mentioned Spot pairs will be terminated on January 6, 2025, at 03:00 (UTC), as applicable. Users are strongly advised to upgrade or cancel their Trading Bots prior to the cessation of services to avoid potential losses.

  • On January 5, 2025 at 03:00 (UTC), the above-mentioned Spot pairs will be delisted from Spot Copy Trading. After this date, all pending Spot trading pairs will be moved to the Spot Wallet. Users are strongly advised to update or cancel their Spot Copy Trading Wallets before January 5, 2025 at 03:00 (UTC) to avoid any potential losses.

  • Binance will open trading for D/USDT and D/TRY trading pairs at 2025-01-09 08:00 (UTC).

Margin

  • Binance Margin will be delisting DAR from Crossed and Isolated margin at 2024-12-27 06:00 (UTC). The DAR/USDT Crossed and Isolated margin pair will be removed from the margin platform. From now on, users will no longer be able to transfer the aforementioned token via manual transfers or Auto-Transfer mode to their Crossed and Isolated margin accounts. If users have outstanding liabilities held in this token, they will only be able to manually transfer an amount equivalent to those liabilities to their margin accounts, minus any already available collateral.

    • At 06:00 on December 19, 2024 (UTC), Isolated margin lending for the above pairs will be suspended on Binance Margin. At 06:00 on December 27, 2024 (UTC), Binance Margin will close users' positions, perform automatic liquidation, and cancel all pending orders on the above Isolated margin pairs. Finally, these pairs will be removed from Isolated margin trading.

    • On December 19, 2024 06:00 (UTC), Cross Margin Lending for the above pairs will be suspended on Binance Margin. On December 27, 2024 06:00 (UTC), if users hold both collateral and liabilities in the above tokens, the collateral will be used to pay off the corresponding liabilities. If there are still tokens as collateral or liabilities, one of the following two events will occur:

      • In case users only hold the mentioned tokens as collateral:

        • If the Collateral Margin Level (CML) is higher than 2, the mentioned tokens will be transferred to users' Spot wallets until the time when the CML reaches 2. Afterwards, the remaining tokens in their Cross Margin accounts that will be delisted will be sold in their entirety.

        • If the CML is less than 2, the remaining tokens in the Cross Margin accounts of the users to be delisted will be sold in full.

      • In case users only hold the mentioned tokens in the form of liabilities:

        • If the CML is equal to or greater than 2, pending orders will not be affected.

        • If the CML is less than 2, all pending orders in your Cross Margin accounts will be cancelled.

        • The system will then sell other collateral tokens to purchase and fully amortize the liabilities on the tokens to be delisted.

  • Users will not be able to update their positions during the delisting process, and are strongly advised to close their positions or transfer their assets from the Margin wallet to the Spot wallet before the cessation of margin trading at 2024-12-27 06:00 (UTC). Binance will not be responsible for any potential losses.

  • Margin Wallet users are advised to transfer the above tokens from their Margin Wallet to their Spot Wallet and top up their Margin Balance if necessary before December 27, 2024, 06:00 (UTC). Users should closely monitor the unified maintenance margin rate (uniMMR) to avoid potential liquidation resulting from the removal of tokens from the Margin Wallet.

  • All DAR balances in the Cross Margin Wallet of the Portfolio Margin account will be automatically converted to USDT at 2024-12-27 06:00 (UTC). The conversion may take approximately 24 hours or more. Binance Margin is not responsible for any losses on new positions during this period due to the conversion of funds. Please refer to this FAQ.

  • We will make a further announcement as to when they will be relisted.

Loans

  • Starting from 2024-12-26 03:00 (UTC), Binance Loans (Flexible Rates) and VIP Lending will close all outstanding DAR loan positions (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding DAR loans before 2024-12-26 03:00 (UTC) to avoid potential losses.

Simple Earn

  • Starting from December 30, 2024 03:00 (UTC), Binance Simple Earn will no longer support DAR Flexible products and subscriptions will no longer be available.

  • Starting from December 30, 2024 03:00 (UTC), all remaining positions in DAR Flexible products, along with accumulated rewards, will be automatically refunded to Spot wallets. Users can redeem assets in DAR Flexible products on Simple Earn in advance.

  • After 2025-01-09 08:00 (UTC), Binance Simple Earn will renew affected users' D subscriptions on Flexible products according to the swap ratio mentioned above once the process is completed.

Binance Pay

  • At 2024-12-27 03:00 (UTC), Binance will remove DAR token from the list of supported cryptocurrencies on Binance Pay.

Gift Cards

  • At 2025-01-06 03:00 (UTC), Binance will stop supporting the creation of DAR gift cards.

    • While users have until January 6, 2025 at 03:00 (UTC) to redeem previously unredeemed gift cards for DAR, these tokens will be subject to automatic conversion to the new D tokens.

    • After January 6, 2025 03:00 (UTC), all unredeemed DAR gift cards will be automatically converted to the new D tokens.

Convert

  • Binance Convert will maintain the sell-only function for DAR and all associated pairs from 2024-12-27 02:00 (UTC) to 2025-01-06 02:00 (UTC). Binance Convert will delist the DAR token and all associated pairs at 2025-01-06 02:00 (UTC).

Automatic investment

  • DAR token will be delisted from Binance Auto Investment after 2024-12-26 02:00 (UTC). Users can choose to delete plans in advance. Otherwise, the next recurring cycle of such tokens will not occur.

Convert low-value assets

  • The DAR token will be delisted from the Convert Low-Value Assets feature at 02:00 on January 5, 2025 (UTC). Users will be able to convert low-value assets in advance.

Buying and selling cryptocurrencies

  • On December 26, 2024 at 02:00 (UTC), DAR and all associated peers will be delisted from the cryptocurrency buying and selling service.

Note: There may be discrepancies between the translated version and the original English version of this announcement. In case there are discrepancies, please refer to the original version for the most accurate information.

Thank you for your support!

The Binance Team

19/12/2024