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Binance Will Support the Loom Network (LOOM) Contract Swap/Upgrade

2021-03-13 11:52
Fellow Binancians,
Binance will support the Loom Network (LOOM) contract swap/upgrade and handle all technical requirements for users holding LOOM on Binance.
  • Deposits and withdrawals of LOOM will be suspended starting from 2021-03-14 02:00 PM (UTC), at which point we will begin the smart contract swap/upgrade.
  • Trading of LOOM will not be affected during the swap/upgrade period.
Note:
  • Please ensure that you leave sufficient time for your LOOM deposits to be fully processed prior to the time above. If you deposited after the time above, the tokens will not be credited to your account.
  • Once the smart contract swap/upgrade is completed, deposits and withdrawals of LOOM will reopen using the new LOOM token contract. We will not notify users of the completion in a further announcement.
  • Following this, users will be able to use the convert function to swap their Old LOOM (LOOMOLD) for New LOOM tokens (LOOM).
  • New LOOM smart contract address: 0x42476F744292107e34519F9c357927074Ea3F75D
For further information from the Loom Network team, please refer to LOOM Token Swap Launch, LOOM Token Swap Q&A.
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
2021-03-13
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