Mainframe (MFT) Token Swap to Hifi Finance (HIFI)

Binance will support Mainframe (MFT) token swap, increment and brand upgrade to Hifi Finance (HIFI) plan.

Binance Earn Coin will stop providing MFT current products at 11:00 on December 22, 2022 (Eastern Eighth District time) , and users will not be able to continue to subscribe.

For existing purchases, the MFT balance in the current earning currency will be automatically redeemed before 13:00 on December 20, 2022 (Eastern Eighth District Time) , and deposited into the user’s spot wallet.

Users can also choose to redeem the MFT assets in the current earning currency at any time before 13:00 on December 30, 2022 (Eastern Eighth District time).

Binance Margin Trading Platform will suspend the MFT/USDT isolated margin lending business at 11:00 on December 22, 2022 (East 8th District Time).

Binance Margin Trading Platform will automatically close and liquidate MFT leveraged positions at 11:00 on December 30, 2022 (east eighth district time), cancel all pending orders, and delist the MFT/USDT isolated margin trading pair.

The re-launch time will be announced separately.

Binance strongly recommends users to close their positions before leveraged trading stops to avoid any potential losses.

Binance Gift Cards will stop creating MFT gift cards at 13:00 on December 30, 2022 (Eastern Eighth District Time).

Although users can redeem any unredeemed MFT gift cards before 13:00 on December 30, 2022 (Eastern Eighth District Time), please note that redeemed tokens will be automatically converted to HIFI.

After 16:00 on January 12, 2023 (Eastern Eighth District Time), all unredeemed MFT gift cards will be automatically redeemed and converted to HIFI.

Binance will stop trading and delist MFT spot trading pairs (MFT/USDT and MFT/ETH) at 11:00 on January 3, 2023 (Eastern Eighth District Time), and cancel all pending orders for MFT spot trading.

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

Binance will suspend the deposit and withdrawal of MFT tokens at 11:30 on January 3, 2022 ( Eastern Eighth District time).

Note: MFT tokens recharged after that will not be credited, please recharge in advance.

Binance will take back all of the user’s Mainframe (MFT) holdings, and issue Hifi Finance (HIFI) tokens to qualified users according to the conversion ratio of 1 MFT = 0.01 HIFI.

Binance will open HIFI/USDT and HIFI/ETH spot trading at 16:00 on January 12, 2023 (Eastern Eighth District Time).

Binance will also add Hifi Finance (HIFI) to the list of cryptocurrencies supported by Binance Pay.

Binance will announce the opening time of deposit and withdrawal of Hifi Finance (HIFI) after the token swap is completed.

Go to Binance’s Official Website