Binance will terminate the redemption service and delist leveraged tokens such as TRXUP, DOTUP, and LINKUP

2023-04-27 14:59:16
Collection

ChainCatcher message, Binance will terminate the redemption service and delist the leveraged Tokens TRXUP, TRXDOWN, DOTUP, DOTDOWN, LINKUP, LINKDOWN.

The specific schedule is as follows:

May 9, 2023, 14:00 (UTC+8): TRXUP, TRXDOWN

May 10, 2023, 14:00 (UTC+8): DOTUP, DOTDOWN

May 11, 2023, 14:00 (UTC+8): LINKUP, LINKDOWN

Users are advised to redeem their held leveraged Tokens in advance through the wallet page or the leveraged Token page. If users still hold these leveraged Tokens at the time of delisting, Binance will convert them into an equivalent amount of USDT based on the net value of the leveraged Tokens at the time of delisting, and distribute it to users' accounts within 24 hours. After the distribution is completed, the leveraged Token assets will be removed from the wallet. (Binance App Announcement)

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