Fellow Binancians,
Binance will support the Mainframe (MFT) token swap, redenomination and rebranding plan to Hifi Finance (HIFI).
Timeline:
- At 2022-12-22 03:00 (UTC), Binance Simple Earn will cease support for MFT Flexible Products, and subscriptions will no longer be available.
- For existing subscriptions, MFT balances in Simple Earn Flexible Products will be automatically redeemed and credited to usersâ spot wallets before 2022-12-30 05:00 (UTC).
- Users may also choose to redeem their assets from MFT Flexible Products anytime before 2022-12-30 05:00 (UTC).
- At 2022-12-22 03:00 (UTC), Binance will suspend MFT/USDT isolated margin borrowing.
- At 2022-12-30 03:00 (UTC), we will close all MFT margin positions, conduct an automatic settlement and cancel all pending MFT margin orders. We will then delist the MFT/USDT isolated margin trading pair.
- A separate announcement will be made for relisting.
- Users are strongly advised to close their positions prior to the cessation of margin trading to avoid any potential losses.
- At 2022-12-30 05:00 (UTC), Binance will no longer support the creation of MFT Gift Cards.
- While users may proceed to redeem any unredeemed MFT Gift Cards for MFT before 2022-12-30 05:00 (UTC), please note that the redeemed tokens will be subject to automatic conversion to HIFI.
- After 2023-01-12 08:00 (UTC), all unredeemed MFT Gift Cards will be automatically converted to HIFI upon redemption.
- At 2023-01-03 03:00 (UTC), Binance will delist all existing MFT spot trading pairs (i.e., MFT/USDT and MFT/ETH) and cancel all pending MFT spot trade orders. In addition, Binance will remove MFT from the list of supported cryptocurrencies on Binance Pay.
- At 2023-01-03 03:30 (UTC), deposits and withdrawals of MFT will be suspended. Please ensure that you leave sufficient time for your MFT deposits to be fully processed prior to this time.
Details of Token Swap & Services Supporting Hifi Finance (HIFI) :
- Binance will recover all Mainframe (MFT) balances, and begin the distribution of Hifi Finance (HIFI) to all eligible users at a ratio of 1 MFT = 0.01 HIFI.
- At 2023-01-12 08:00 (UTC), trading will open for HIFI/USDT and HIFI/ETH spot trading pairs. Binance will also add HiFi Finance (HIFI) to the list of supported cryptocurrencies on Binance Pay.
- Binance will make a separate announcement after the token swap is complete to notify users when deposits and withdrawals of Hifi Finance (HIFI) will be opened.
- Hifi Finance (HIFI) (ERC20) smart contract address:
For More Information:
Thanks for your support!
Binance Team
2022-12-20
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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.
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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