Binance will support the BitTorrent (BTT) token migration, 1:1,000 redenomination plan and renaming plan.
Details of BitTorrent (BTT) Token Migration
Binance will support BitTorrent (BTT) smart contract replacement, 1:1,000 token increment and renaming plans. The specific arrangements are as follows:
Binance leveraged trading platform will suspend BTT/BUSD, BTT/USDT cross margin lending, and BTT/BUSD, BTT/USDT isolated margin lending business at 10:00 on January 11, 2022 (East 8th district time).
Binance leveraged trading platform will automatically close and liquidate BTT/BUSD, BTT/USDT cross and isolated leveraged positions, cancel all pending orders and delist at 10:00 on January 14, 2022 (East 8th district time). The re-listing time of BTT/BUSD, BTT/USDT cross and isolated trading pairs will be announced separately.
Binance Futures will automatically close and liquidate BTT/USDT perpetual contract positions at 10:00 on January 14, 2022 (East 8th zone time), and cancel all pending orders. After the settlement, the contract trading pair will be delisted. ( Contract delisting process ), the re-listing time will be announced separately. Please note that due to extreme market conditions or price source deviations, Binance Futures will take additional protective measures, including but not limited to adjusting leverage and margin (including maximum leverage for each level, position limit, and maintenance margin rate), adjusting the funding rate (including the base interest rate, premium index, and rate cap), change the price index components or use the ” latest transaction price protection mechanism ” to update the mark price.
Binance will suspend the deposit and withdrawal of BTT tokens at 10:00 on January 17, 2022 (East 8th district time).
Binance will stop trading and delist all BTT spot trading pairs ( BTT/USDT, BTT/BUSD, BTT/USDC, BTT/BNB, BTT/TRX, BTT/TUSD, BTT/TRY, BTT/EUR, BTT/BRL ), all pending orders will be cancelled.
All old BTT tokens held by Binance users will be converted into new BTT tokens, and the new tokens will be named “BTTC”, and will be based on 1 BTT (old token) = 1,000 BTTC (new token) The exchange ratio will issue new BTTC tokens.
After the token swap is completed, the old BTT token will be named BTTOLD, and the new BTT token will be named “BTTC” code.
Binance will open BTTC/USDT, BTTC/USDC, BTTC/TRY spot trading at 12:00 on January 21, 2022 (East 8th district time), and BTTC/BTC, BTTC/BNB spot trading will no longer be open.
After the token swap is completed, the opening time of deposit and withdrawal will be announced separately.
Go to Binance’s Official Website
Please check Binance official website or contact the customer support with regard to the latest information and more accurate details.
Binance official website is here.
Please click "Introduction of Binance", if you want to know the details and the company information of Binance.
(Forex Broker)
Comment by Hans
April 24, 2024
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