Binance, a popular cryptocurrency exchange, has recently announced its support for the upcoming Metal DAO (MTL) mainnet exchange. In order to facilitate this transition, all deposits and withdrawals of legacy MTL tokens will be temporarily suspended starting at 05:00 on June 24, 2024.
Users are advised to ensure that their old MTL token transactions are fully processed before this suspension takes effect. However, it’s important to note that spot trading, margin trading, futures trading, and Binance Earn services will not be affected during the mainnet switch. Binance will handle all technical requirements for the mainnet exchange on behalf of its users.
The swap will convert all old MTL tokens into new MTL tokens at a 1:1 ratio. Once the swap is complete, deposits and withdrawals of legacy MTL tokens will no longer be supported. Binance will release a separate announcement informing users about when the new MTL tokens can be deposited and withdrawn. For more detailed information, users can refer to the official announcement from the project team.
This mainnet swap represents a significant upgrade for Metal DAO, and Binance’s support ensures a seamless transition for all users involved. It’s important to note that this article does not provide investment advice.
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