Blockchain
Binance will support trading on the Metal DAO (MTL) mainnet.
Binance, one of the world’s leading cryptocurrency exchanges, has announced its support for swapping on the Metal DAO (MTL) mainnet. According to Binance, all deposits and withdrawals of old MTL tokens will be suspended starting June 24, 2024 at 02:00 (UTC). This move is part of the transition to the new Metal DAO mainnet.
Impact on users
Binance has assured users that spot trading, margin trading, futures trading and Binance Earn services will not be affected during the swap on the mainnet. The exchange will handle all technical requirements for users involved in this event, ensuring a smooth transition.
Users are encouraged to ensure that their old MTL token transactions have been fully processed before the suspension begins. This precaution is necessary to avoid potential inconveniences during the exchange period.
Key details of the exchange
- All old MTL tokens will be exchanged for new MTL tokens at a ratio of 1:1.
- Post-swap, deposits and withdrawals of old MTL tokens will no longer be supported.
- Binance will make a separate announcement once the swap is completed to inform users when deposits and withdrawals of new MTL tokens will be opened.
For more information, users can refer to announcement by the Metal DAO project team.
Disclaimer and final notes
Binance has included a disclaimer highlighting the high market risk and price volatility associated with digital assets. Users are advised to make informed investment decisions and consult, if necessary, independent financial advisors.
The exchange reserves the right to modify or cancel this announcement at any time and for any reason without notice.
For the latest and most accurate information, users are advised to refer to the original English version of the announcement.
For more details visit the official page Binance announcement.
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