According to the official announcement, Binance will support the Merit Circle (MC) token swap, increment and brand upgrade to the Beam (BEAMX) plan. details as follows:
Binance will suspend the deposit and withdrawal services of MC (ERC20 and BEP20) at 11:30 on November 7, 2023 (Eastern Eighth District time). Note: MC tokens recharged after this will not be credited to your account, please recharge in advance;
-Binance will separately announce the opening hours for BEAMX (ERC20 and BEP20) deposits and withdrawals after the token replacement, increment and brand upgrade are completed;
-After the token replacement, increment and brand upgrade are completed, Binance will no longer support the deposit and withdrawal business of MC tokens;
-Binance will use BEAMX as the new MC token code, which is different from what is displayed on the chain;
-All MC tokens will be exchanged for BEAMX tokens at the ratio of 1 MC = 100 BEAMX;
- Will stop trading and delist all spot trading pairs of MC and terminate the trading robot service of the above spot trading pairs;
-Binance will open BEAMX/USDT spot trading at 16:00 on November 14, 2023 (Eastern Eighth District time);
-Binance will suspend MC leverage business and automatically close and liquidate its positions;
-Binance will stop MC pledge borrowing and carry out automatic liquidation and liquidation;
-Binance will stop providing MC current and fixed-term products;
-Binance Pay will remove MC.