Fellow Binancians,
Binance Margin and Binance VIP Loan will remove PlayDapp (PLA) at 2024-02-21 06:00 (UTC).
Binance Margin will delist the PLA/USDT cross margin and isolated margin pair(s) at 2024-02-21 06:00 (UTC).Â
At 2024-02-21 06:00 (UTC), Binance Margin will close usersâ positions, conduct an automatic settlement and cancel all pending orders on the aforementioned cross and isolated margin pair(s). These pair(s) will then be removed from Margin.Â
Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-02-21 06:00 (UTC). Binance will not be responsible for any potential losses.Â
Portfolio Margin users are advised to transfer the token(s) mentioned above out of their Margin Wallet to their Spot Wallet and to top up their margin balance before 2024-02-21 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that may result from the removal of the token(s) mentioned above from the Margin Wallet.
All PLA balances in Cross Margin Wallets under the Portfolio Margin account will be automatically converted to USDT from 2024-02-21 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information.
Binance VIP Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s) at 2024-02-21 06:00 (UTC). Users are strongly advised to repay their outstanding loans before 2024-02-21 06:00 (UTC) to avoid any potential losses, where applicable.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-02-15
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer and Risk Warning: Digital asset prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Cross-margining contributes to providing greater leverage than a regular margin account, and greater leverage creates greater losses in the event of adverse market conditions. There is increased risk that a user's cross-margin positions will be liquidated involuntarily, causing possible loss. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.