Analysis

Binance Will Support the Symbol (XYM) Airdrop Program for NEM (XEM) Holders

Announcement from Binance.com

Binance will help the Symbol (XYM) airdrop program and opt-in on behalf of customers holding NEM (XEM) on Binance. The snapshot for the airdrop will happen at the XEM block peak of three,025,200 or roughly 2021/01/14 11:07 AM (UTC).

  • XEM deposits and withdrawals will likely be suspended ranging from 2021/01/14 04:00 AM (UTC).
  • We will take a snapshot of XEM tokens held by Binance customers at the above time, and can distribute XYM tokens at a ratio of 1 XEM = 1 XYM.
  • Deposits and withdrawals will likely be reopened after the snapshot has been accomplished.
  • Please be aware that trading of XEM is not going to be affected throughout the airdrop.

Please be aware:

  • XEM tokens which are pending deposits or withdrawals at the time of the snapshot is not going to rely in direction of your XEM steadiness. Please make sure you depart ample time for deposits and withdrawals to finish previous to the snapshot.
  • XEM steadiness underneath 100 XEM (together with these in trade orders) is not going to be eligible for the airdrop.
  • The snapshot will embrace XEM balances in Spot wallets and Locked Staking in Savings accounts. Undistributed XEM curiosity funds is not going to be included.
  • XEM that was borrowed from margin and crypto loans, even transferred to identify wallets, financial savings accounts, is not going to be counted as a part of the place.
  • For the trading and itemizing of XYM on Binance, XYM will undergo the similar strict itemizing overview course of as Binance does for some other coin/token. The default place we’ve got isn’t any itemizing.
  • Binance will distribute the XYM tokens after the venture has accomplished the XYM token distribution to XEM holders. We will submit an extra announcement as soon as the distribution to Binance customers is accomplished.
  • US individuals, entities and sanctioned nations usually are not eligible to obtain this airdrop. For extra info, please seek advice from Binance Terms of Use.

Thanks for your help!

Binance Team

2020/12/04

Trade on the go along with Binance’s cellular crypto trading app:

Find us on

https://www.binance.com/en/support/announcement/983a85523b36455b8d802b2c3723fa5f

Binance

Recent Posts

Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025

London, united kingdom, 22nd November 2024, Chainwire

48 minutes ago

Robinhood Exec Dan Gallagher Declines SEC Leadership Role

Robinhood Exec Dan Gallagher declined consideration to lead the SEC, affirming his commitment to Robinhood…

1 hour ago

Best Cryptos to Buy in November 2024: What Sets Qubetics Apart from Fantom and Immutable X?

Discover why Qubetics, Fantom, and Immutable X are the best cryptos to buy in November…

2 hours ago

Franklin Templeton Digital Assets and Sui Now Join Hands to Strengthen DeFi Strategy

Sui Foundation partners with Franklin Templeton Digital Assets to enhance DeFi solutions on the blockchain.

2 hours ago

Get Insights on BlockDAG’s $136M Presale Success Revealed in Recent AMA—BTC Soars to $99K, Avalanche Trading Volume Surges

See how Bitcoin confronts $99K resistance, Avalanche enjoys a 23% rise, & BDAG achieves a…

2 hours ago

This website uses cookies.