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Binance Will Support the SingularityNET (AGI) Hard Fork and Token Migration Plan
Binance
2021-05-26 06:55
Fellow Binancians,
Binance will support the SingularityNET (AGI) hard fork and token migration plan.
Please note:
  • Deposits and withdrawals of AGI will be suspended at 2021-05-28 05:00 (UTC). Please ensure that you leave sufficient time for your AGI deposits to be fully processed prior to this time. If deposited after this time, the tokens will not be credited to your account.
  • Trading in the existing AGI trading pair (AGI/BTC) will be halted, the trading pair will be delisted, and pending orders will be cancelled at 2021-05-28 07:00 (UTC).
  • A snapshot of user holdings will be taken at 2021-05-28 08:00 (UTC).
  • Binance will tabulate all AGI balances and begin the distribution of AGIX to all eligible users at a ratio of 1 AGI = 1 AGIX.
  • Trading will then open for the new AGIX/BTC trading pair at 2021-06-02 08:00 (UTC).
  • Binance will make a separate announcement after the hard fork and token migration is complete to notify users when deposits and withdrawals of AGIX will open.
  • New AGIX smart contract:
Important:
  • The community has approved a proposal to mint an additional 1 billion AGIX tokens (double its current total token supply of 1 billion) on the Cardano Chain, to be gradually released at a declining rate over the 91 years after they are minted. (Vote results here)
  • After the token migration is executed, existing token holdings could potentially be diluted by up to 50% if no action is taken.
For more information, please refer to the following:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
2021-05-26
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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.
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