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Binance Will Support the RAMP (RAMP) Token Swap, Redenomination & Rebranding Plan to LeverFi (LEVER)

2022-06-27 08:00
Fellow Binancians,
Binance will support the RAMP (RAMP) token swap, redenomination and rebranding plan to LeverFi (LEVER).
Timeline:
  • At 2022-06-29 04:00 (UTC), Binance will suspend RAMP/USDT, RAMP/BUSD, and RAMP/BTC isolated margin borrowing.
  • At 2022-07-01 04:00 (UTC), we will close all RAMP margin positions, conduct an automatic settlement and cancel all pending RAMP margin orders, and then delist the RAMP/USDT, RAMP/BUSD, and RAMP/BTC isolated margin trading pairs. A separate announcement will be made for relisting.
  • At 2022-07-01 04:00 (UTC), Binance Staking will cease support for RAMP Locked Staking. Subscriptions to RAMP Locked Staking will no longer be available. Staked RAMP and accumulated rewards as of 2022-07-01 00:00 (UTC) will be automatically redeemed and credited to users’ spot wallets before 2022-07-04 00:00 (UTC).
  • At 2022-07-01 04:00 (UTC), Binance Liquid Swap will close the RAMP/BUSD liquidity pool, and automatically redeem all users’ assets from the RAMP/BUSD liquidity pool to their spot wallets. Please redeem your assets from the RAMP/BUSD liquidity pool if you have positions.
  • At 2022-07-04 04:00 (UTC), Binance will delist all existing RAMP spot trading pairs (RAMP/USDT, RAMP/BUSD, and RAMP/BTC) and cancel all pending RAMP spot trade orders.
  • At 2022-07-04 04:30 (UTC), deposits and withdrawals of RAMP will be suspended. Please ensure that you leave sufficient time for your RAMP deposits to be fully processed prior to this time.
  • At 2022-07-13 04:00 (UTC), trading will open for LEVER/USDT and LEVER/BUSD spot trading pairs.
Details of Token Swap:
  • Binance will recover all RAMP balances, and begin the distribution of LEVER to all eligible users at a ratio of 1 RAMP = 35 LEVER before spot trading for LEVER/USDT and LEVER/BUSD trading pairs are open.
  • Binance will make a separate announcement after the token swap is complete to notify users when deposits and withdrawals of LEVER will be opened.
  • The ownership percentage of existing RAMP holders will not be diluted with the token swap, as there will be no minting of additional tokens.
  • The maximum token supply of LEVER will be 35 billion, with the same token emission schedule as RAMP.
  • New LEVER (ERC-20) contract address:
    0x4B5f49487ea7B3609b1aD05459BE420548789f1f
For further information, please refer:
Thanks for your support!
Binance Team
2022-06-27
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.