Binance to Support Metal DAO (MTL) Mainnet Swap

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
its
support
for
the
Metal
DAO
(MTL)
mainnet
swap.
According
to
Binance,
all
deposits
and
withdrawals
of
old
MTL
tokens
will
be
suspended
starting
from
June
24,
2024,
at
02:00
(UTC).
This
move
is
part
of
the
transition
to
the
new
Metal
DAO
mainnet.

Impact
on
Users

Binance
has
assured
users
that
spot
trading,
margin
trading,
futures
trading,
and
Binance
Earn
services
will
not
be
impacted
during
the
mainnet
swap.
The
exchange
will
handle
all
technical
requirements
for
users
involved
in
this
event,
ensuring
a
seamless
transition.

Users
are
encouraged
to
ensure
that
their
old
MTL
token
transactions
are
fully
processed
before
the
suspension
begins.
This
precaution
is
necessary
to
avoid
any
potential
inconvenience
during
the
swap
period.

Key
Details
of
the
Swap

• All
  old
  MTL
  tokens
  will
  be
  swapped
  to
  new
  MTL
  tokens
  at
  a
  ratio
  of
  1:1.
• Post-swap,
  deposits
  and
  withdrawals
  of
  old
  MTL
  tokens
  will
  no
  longer
  be
  supported.
• Binance
  will
  make
  a
  separate
  announcement
  once
  the
  swap
  is
  complete
  to
  inform
  users
  when
  deposits
  and
  withdrawals
  of
  new
  MTL
  tokens
  will
  be
  opened.

For
more
information,
users
can
refer
to
the

announcement
from
the
Metal
DAO
project
team.

Disclaimer
and
Final
Notes

Binance
has
included
a
disclaimer
noting
the
high
market
risk
and
price
volatility
associated
with
digital
assets.
Users
are
advised
to
make
informed
investment
decisions
and
consult
with
independent
financial
advisors
if
necessary.

The
exchange
reserves
the
right
to
amend
or
cancel
this
announcement
at
any
time
and
for
any
reason
without
prior
notice.

For
the
latest
and
most
accurate
information,
users
are
encouraged
to
reference
the
original
English
version
of
the
announcement.

For
more
details,
visit
the
official

Binance
announcement.

Image
source:
Shutterstock