Fellow Binancians,
Binance will list Magic (MAGIC) in the Innovation Zone and will open trading for these spot trading pairs at 2022-12-12 08:00 (UTC):
- New Spot Trading Pairs: MAGIC/BTC, MAGIC/BUSD and MAGIC/USDT
- Users can now start depositing MAGIC in preparation for trading
- Withdrawals for MAGIC will open at 2022-12-13 08:00 (UTC)
- MAGIC Listing Fee: 0 BNB
Note: The withdrawal open time is an estimated time for usersâ reference. Users can view the actual status of withdrawals on the withdrawal page.
In addition, Binance will add MAGIC as a new borrowable asset with these new margin pairs on Isolated Margin, within 48 hours from 2022-12-12 08:00 (UTC):
- New Isolated Margin Pairs: MAGIC/BUSD, MAGIC/USDT
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits and rates.
What is Magic (MAGIC)?
MAGIC is the token for Treasure which is a gaming infrastructure project on Arbitrum. It has core products like Bridgeworld, The Beacon, and Trove. MAGIC is a governance and utility token for NFT transactions, staking, governance and other gameplay functions.
Reminder:
The Innovation Zone is a dedicated trading zone where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens.
Before being able to trade in the Innovation Zone, all users are required to visit the web version of the Innovation Zone trading page to carefully read the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer. Please note that there will not be any trading restrictions on trading pairs in the Innovation Zone.
MAGIC is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, have done your own research in regards to MAGICâs fundamentals, and fully understand the project before opting to trade the token.
Details:
- Magic Website
- MAGIC Token Contract Addresses - Arbitrum, Ethereum
- Fees
- Rules
Thanks for your support!
Binance Team
2022-12-12
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Note: This announcement was updated on 2022-12-12 to remove MAGIC cross margin listing.
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.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses that might arise from your use of Margin. Margin trading carries substantial risk and amplifies both losses and profits. Past performance is not a reliable predictor of future performance. All of your margin balance may be liquidated in the event of adverse price movement. This information should not be regarded as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.