Binance, a leading cryptocurrency exchange, has completed the conversion of specific token balances to USD Tether (USDT), according to an official announcement. The affected tokens include Beam (BEAM), Bitcoin Diamond (BCD), GoChain (GO), Neutrino System Base Token (NSBT), and Songbird (SGB).
Details of the Conversion
The conversion process was based on users’ token holdings in their Binance wallets as of December 26, 2023, at 00:00 UTC. Users holding less than 0.01 USDT worth of these tokens, based on average exchange rates, were not eligible for the conversion.
The conversion rates were specified as follows:
- BEAM: 0.04268 USDT
- BCD: 0.06251 USDT
- GO: 0.00403 USDT
- NSBT: 0.22722 USDT
- SGB: 0.00855 USDT
The conversion was executed between December 26, 2023, and June 25, 2024. Users can verify the receipt of their USDT tokens by navigating to Wallet > Transaction History > Distribution on the Binance platform.
Important Considerations
Binance has noted that there might be discrepancies in the translated versions of the announcement. Users are advised to refer to the original English version for the most accurate information. The company also reserves the right to amend or cancel the announcement at any time without prior notice.
Additionally, Binance included a standard disclaimer regarding the high market risk and price volatility associated with digital assets. They emphasize that users are solely responsible for their investment decisions and should consider their investment experience, financial situation, and risk tolerance before making any investments.
About Binance
Binance is one of the largest cryptocurrency exchanges globally, known for its extensive range of digital assets and trading services. The platform frequently updates its offerings and policies to align with market dynamics and user needs.
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