Fellow Binancians,

Following Stargate Finance’s proposal of ceasing its plans to reissue the STG token, Binance will revoke the Stargate Finance (STG) contract swap on the AVAX C-Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom and Polygon networks, and swap new STG tokens back to old STG tokens, with the following timeline:

• At 2023-03-14 08:00 (UTC), deposits and withdrawals of STG on AVAX C-Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom and Polygon networks will be suspended.
• Spot trading, margin trading, futures trading and Simple Earn subscriptions will not be affected during the contract swap.
• Users who have withdrawn the new STG tokens are encouraged to deposit back the new STG tokens as they have no value. Once deposited, Binance will credit old STG tokens to users’ accounts at a 1:1 ratio.
• The new STG tokens will be swapped back to the old STG tokens which continue using the old STG smart contract addresses. Binance will handle all technical requirements involved for all users holding STG in their Binance accounts.
• A separate announcement will be made once the contract swap is complete, and deposits and withdrawals of STG on AVAX C-Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom and Polygon networks are open.
• Old STG smart contract addresses: AVAX C-Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom and Polygon.
• New STG smart contract addresses: AVAX C-Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom and Polygon.

For More Information:

• Proposal to Unwind the Reissue of STG
• Binance Will Support the Stargate Finance (STG) Contract Swap
• Binance Has Completed the Stargate Finance (STG) Contract Swap

Thanks for your support!

Binance Team

2023-03-14

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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.

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