Binance will support Merit Circle (MC) token swap, increment and brand upgrade to Beam (BEAMX) plan

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Cointime2023/10/25 05:48

By:Cointime

According to the official announcement, Binance will support the Merit Circle (MC) token exchange, incremental upgrade, and rebranding to the Beam (BEAMX) plan. Specifically: Binance will suspend the recharge and withdrawal of MC (ERC20 and BEP20) on November 7, 2023 at 11:30 (GMT+8). Note: MC tokens recharged after this time will not be credited, please recharge in advance; -After the token exchange, incremental upgrade, and rebranding are completed, Binance will announce the opening time of BEAMX (ERC20 and BEP20) recharge and withdrawal separately; -After the token exchange, incremental upgrade, and rebranding are completed, Binance will no longer support the recharge and withdrawal of MC tokens; -Binance will use BEAMX as the new MC token code, which will be displayed differently on the chain; -All MC tokens will be exchanged for BEAMX tokens at a ratio of 1 MC = 100 BEAMX; -Trading and delisting of all MC spot trading pairs will be stopped and trading robot services for the above spot trading pairs will be terminated; -Binance will open BEAMX/USDT spot trading on November 14, 2023 at 16:00 (GMT+8); -Binance will suspend MC leverage business and automatically close and liquidate its positions; -Binance will stop MC pledge borrowing and automatically close and liquidate its positions; -Binance will stop providing MC current and fixed-term products; -Binance Pay will remove MC.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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