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Binance Will Support the DREP (DREP) 100:1 Redenomination Plan
Binance
2021-03-19 08:08
Fellow Binancians,
Binance will support the DREP (DREP) token swap & redenomination plan, with the following timeline:
Please note:
  • Deposits and withdrawals of DREP will be suspended at 2021-03-22 00:00 (UTC). Please ensure that you leave sufficient time for your DREP deposits to be fully processed prior to this time. If deposited after this time, the tokens will not be credited to your account.
  • Trading will be halted in all existing DREP trading pairs (DREP/BTC and DREP/USDT) at 2021-03-22 04:00 (UTC) and pending orders will be cancelled.
  • We will swap the old DREP tokens with the new DREP tokens at a ratio of 100:1. New DREP tokens will assume the DREP ticker.
  • Trading will then open for the new DREP/BTC and DREP/USDT trading pairs at 2021-03-26 04:00 (UTC).
  • We will make a separate announcement after the token swap is complete to notify users when deposits and withdrawals of DREP will open.
  • Following which, users will be able to use the convert function to swap their old DREP (DREPOLD) for new DREP tokens (DREP).
  • New DREP smart contract: 0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2
For more information, please refer to the following: DREP Token Swap Guide
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
2021-03-19
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