Polymesh (POLYX) Rebranding Plan

Binance will support the plan of Polymath (POLY) mainnet replacement and brand upgrade to Polymesh (POLYX).

At 11:00 on September 28, 2022 (East 8th District Time), Binance Margin Trading Platform will suspend the lending business of POLY/USDT, POLY/BUSD, and POLY/BTC isolated margin leverage.

At 11:00 on October 05, 2022 (East 8th district time) Binance leveraged trading platform will automatically close and liquidate POLY leveraged positions, cancel all pending orders, and delist POLY/USDT, POLY/BUSD, POLY/BTC one by one.

The re-launch time will be announced separately.

We strongly recommend users to close their positions before leveraged trading is stopped to avoid any potential losses.

At 11:00 on October 10, 2022 (East 8th District time), Binance will stop trading and delist POLY spot trading pairs (POLY/USDT, POLY/BUSD, POLY/BTC), and cancel all POLY spot trading pending orders.

Additionally, Binance will remove POLY from the list of cryptocurrencies supported by Binance Pay.

Binance Earnings has stopped supporting POLY and cannot continue to subscribe for POLY current products.

The POLY balance in the current earning coins will be automatically exchanged and deposited into the user’s spot wallet before 11:00 on October 10, 2022 (East Eighth District time).

At 11:30 on October 10, 2022 ( East 8th District time), Binance will suspend the deposit and withdrawal of POLY tokens.

Note: POLY tokens recharged thereafter will not be credited, please recharge in advance.

At 16:00 on October 10, 2022 ( East 8th district time), Binance will no longer support the creation of POLY gift cards.

While users can redeem any unredeemed POLY Gift Cards until October 10, 2022, 16:00 (East 8th District Time), please note that the redeemed tokens will be redeemed on October 17, 2022 at 16:00 (East 8th District Time).

After 16:00 on October 17, 2022 (East 8th District time), all unredeemed POLY gift cards will be automatically redeemed and converted to POLYX.

At 16:00 on October 17, 2022 (East 8th District time), Binance will open POLYX/USDT, POLYX/BUSD, and POLYX/BTC spot trading. Binance will also add POLYX to the list of cryptocurrencies supported by Binance Pay.

Binance will withdraw all POLY holdings of users, and distribute POLYX to eligible users at a conversion ratio of 1 POLY = 1 POLYX before opening POLYX/USDT, POLYX/BUSD, and POLYX/BTC spot trading.

Binance will announce the opening hours for deposit and withdrawal of POLYX tokens after the mainnet swap is completed.

Go to Binance’s Official Website