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Information Regarding the Upcoming VEN/VET Mainnet Swap

2018-07-19 05:51

Fellow Binancians,

To accommodate VEN's rebrand and ticker change to VET, we will carry out the mainnet swap in the following steps:

  1. Deposits and withdrawals of VEN will be suspended starting from 2018/07/22 0:00 AM (UTC), at which point we will begin the mainnet swap.
    Important: Please ensure that you leave sufficient time for your VEN deposits to be fully processed prior to this time.
  2. Trading will be halted in all VEN trading pairs at 2018/07/23 4:00 AM (UTC). We will take an immediate snapshot of all VEN balances at the exact same time (2018/07/23 4:00 AM UTC), and begin the distribution of VET to all eligible users at a ratio of 1 VEN = 100 VET.  
  3. Trading will open for the new VET/BTC, VET/ETH, VET/BNB and VET/USDT trading pairs at 2018/07/25 4:00 AM (UTC). Deposits and withdrawals for VET will also be opened at this time.
    Please note: Once trading opens in the new VET trading pairs, all prior VEN trading pairs will be delisted from the exchange.

For further information, please refer to the official announcement here: VeChain Financial Executive Report vol. 3

Thanks for your support!

Binance Team



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