Binance To Convert XMR, SOLO, TRIBE, MULTI, BTS, BTG, DNT, NAV and 7 More Tokens to USDC

Key Points

• Binance reveals notice on the withdrawals of delisted tokens and conversion of coins to USDC.
• Impacted tokens: XMR, BTG, BTCST, BTS, DNT, GRS, HEGIC, MOB, MTH, MULTI, NAV, SOLO, SPARTA, XYM and TRIBE.

In a new announcement, Binance revealed that it will perform a conversion of 15 tokens to USDC based on users’ holdings in their Binance wallets at the snapshot time of September 2, 2024, 00:00 (UTC).

The conversion will be completed and the equivalent amount of USDC will be credited to users’ Binance wallets by March 1, 2025, at 23:59 (UTC).

According to the exchange’s official notes, users may withdraw the airdropped/delisted tokens before September 1, 2024, at 23:59 (UTC) and after this date, withdrawals will become unavailable.

Here is the list of impacted tokens:

1. Bitcoin Gold (BTG)
2. Bitcoin Standard Hashrate Token (BTCST)
3. Bitshares (BTS)
4. District0x (DNT)
5. Groestlcoin (GRS)
6. Hegic (HEGIC)
7. MobileCoin (MOB)
8. Monero (XMR)
9. Monetha (MTH)
10. Multichain (MULTI)
11. Navcoin (NAV)
12. Sologenic (SOLO)
13. Spartan Protocol (SPARTA)
14. Symbol (XYM)
15. Tribe (TRIBE)

Conversion Details

According to the official notes, the conversion will be executed on the basis of the average tokens to USDC exchange rate.

Binance will reportedly update the announcement and send a separate e-mail to all impacted users when the conversion of the tokens to USDC is complete.

Additional information

• Users who hold any tokens mentioned above in their Binance wallets will get an e-mail notification by August 19, 2024, at 23:59 (UTC).
• Deposits of any tokens listed above are no longer supported and will not be credited to users’ accounts.
• After the withdrawal period ends on September 1, the tokens’ withdrawals will no longer be supported, and users will not be able to transfer them from Binance wallets to any external wallets.
• During the conversion period, users will not be able to view the tokens listed above in their Binance wallets.

Earlier, Binance revealed another important announcement regarding delisting several tokens on August 26.