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:

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.
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.
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

2018/07/19

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