Binance to Support Metal DAO (MTL) Mainnet Swap

Binance to Support Metal DAO (MTL) Mainnet Swap

Binance, one of the world’s leading cryptocurrency exchanges, has announced its support for the Metal DAO (MTL) mainnet swap. According to Binance, all deposits and withdrawals of old MTL tokens will be suspended starting from 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 impacted during the mainnet swap. The exchange will handle all technical requirements for users involved in this event, ensuring a seamless transition.

Users are encouraged to ensure that their old MTL token transactions are fully processed before the suspension begins. This precaution is necessary to avoid any potential inconvenience during the swap period.

Key Details of the Swap

  • All old MTL tokens will be swapped to 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 complete to inform users when deposits and withdrawals of new MTL tokens will be opened.

For more information, users can refer to the announcement from the Metal DAO project team.

Disclaimer and Final Notes

Binance has included a disclaimer noting the high market risk and price volatility associated with digital assets. Users are advised to make informed investment decisions and consult with independent financial advisors if necessary.

The exchange reserves the right to amend or cancel this announcement at any time and for any reason without prior notice.

For the latest and most accurate information, users are encouraged to reference the original English version of the announcement.

For more details, visit the official Binance announcement.

Image source: Shutterstock

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