Binance Will Support the Upcoming BitShares (BTS) Hard Fork and Distribute New BitShares (NBS) to BTS holders

Fellow Binancians,

Binance will support the upcoming BitShares hard fork initiated by the New BitShares team and will distribute the new NBS token to users holding BTS. 

We will take a snapshot of all BTS tokens held by Binance users at the time of the last BitShares block prior to 2020/09/10 1:55 PM (UTC) and will distribute NBS tokens at a ratio of 1 BTS = 1 NBS. BTS deposits and withdrawals will be suspended starting from 2020/09/10 1:00 PM (UTC) and will reopen after the hard fork is complete. Please note that trading of BTS will not be affected during the hard fork.

Binance will also list NBS, with the exact trading start time to be confirmed at a later date.

Note:

• BTS tokens that are pending deposit or withdrawal at the time of the snapshot will not count towards your BTS balance. Please ensure you leave sufficient time for deposits and withdrawals to complete prior to the snapshot.
• BTS balances under 1 BTS (including those in trade orders) will not be eligible to receive the NBS token.
• BTS tokens held in sub-accounts will be combined into the corresponding master account. Sub-accounts will not separately receive any NBS tokens.
• NBS tokens will be distributed to users and withdrawals will open once the forked blockchain is deemed to be stable and secure.

For more information on the BTS upgrade and hard fork, please refer to the following post: Announcement on Forking New Chain NBS (new bitshares).

Thanks for your support!

Binance Team

2020/09/07

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