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Binance Will Support The Theta Network (THETA) Mainnet Token Swap and Distribution of TFUEL
Binance
2019-03-06 10:53

Fellow Binancians,

Binance would like to confirm support for the Theta Network (THETA) mainnet swap. Deposits and withdrawals of THETA will be suspended starting from 2019/03/12 0:00 AM (UTC), at which point we will begin the mainnet swap process. We will handle all technical requirements involved for all users holding THETA in their Binance accounts.

We will make a separate announcement after the mainnet swap is complete to notify users when deposits and withdrawals for THETA (native coin) will open.

Binance will also support the distribution of Theta Fuel (TFUEL) to all users holding THETA . We will take a snapshot of all THETA balances at a block height of 7,356,258 on the Ethereum blockchain (estimated to occur at 2019/03/12 7:00 PM (UTC)) and distribute TFUEL to eligible users after the mainnet swap is complete, at a ratio of 1 THETA = 5 TFUEL.

Please note:

  • Balances below 10 THETA (including those in trade orders) will not be eligible for the airdrop.
  • Please ensure that you leave sufficient time for deposits to be processed in full prior to both the snapshot time and also prior to the suspension of deposits.
  • For trading and listing of airdropped tokens on Binance, each project will go through the same strict listing review process as Binance does for any other coin/token. The default position we have is no listing.

For further information, please refer to the official announcements here:

Theta Network — Major Project Updates

Updated Theta mainnet details

Thanks for your support!

Binance Team

2019/03/06

 

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