Binance to Convert Delisted Tokens to USDC: Impact on VAI, TORN, OMG, and More

Binance,
a
leading
cryptocurrency
exchange,
has
announced
an
upcoming
conversion
of
several
delisted
tokens
to
the
stablecoin
USD
Coin
(USDC).
This
decision
affects
a
range
of
tokens,
including
Vai
(VAI),
Tornado
Cash
(TORN),
and
OMG
Network
(OMG),
among
others.
The
conversion
will
be
based
on
users’
holdings
in
their
Binance
wallets
as
of
October
29,
2024,
at
00:00
(UTC),
according
to

Binance.

Timeline
for
Token
Conversion

The
conversion
process
is
set
to
be
completed
by
April
28,
2025,
at
23:59
(UTC).
Users
are
advised
to
withdraw
the
affected
tokens
by
October
28,
2024,
at
23:59
(UTC).
After
this
deadline,
withdrawals
will
no
longer
be
supported,
and
the
tokens
will
be
automatically
converted
to
USDC.

Impacted
Tokens

The
list
of
tokens
that
will
be
converted
includes:

• Vai
  (VAI)
• Tornado
  Cash
  (TORN)
• OMG
  Network
  (OMG)
• Waves
  (WAVES)
• NEM
  (XEM)
• BarnBridge
  (BOND)
• Dock
  (DOCK)
• Mdex
  (MDX)
• Polkastarter
  (POLS)
• Pundi
  X
  PURSE
  (PURSE)

Conversion
Details

The
conversion
will
be
executed
based
on
the
average
token
to
USDC
exchange
rate
during
the
conversion
period,
from
October
29,
2024,
to
April
28,
2025.
Binance
will
notify
all
affected
users
via
email
by
October
15,
2024,
and
provide
further
details
about
the
conversion
rates.

Deposits
of
these
tokens
are
no
longer
supported,
and
any
deposits
made
will
not
be
credited
to
users’
accounts.
During
the
conversion
period,
users
will
not
be
able
to
view
the
converted
tokens
in
their
Binance
wallets.

Additional
Information

Binance
emphasizes
that
users
will
receive
an
email
notification
regarding
the
conversion
completion.
Additionally,
users
are
reminded
that
discrepancies
may
exist
between
translated
versions
of
the
announcement,
and
the
original
English
version
should
be
referenced
for
the
most
accurate
information.

Binance
retains
the
right
to
amend
or
cancel
the
announcement
without
prior
notice.
The
exchange
advises
users
to
carefully
consider
their
investment
decisions,
as
digital
asset
prices
are
subject
to
high
market
risk
and
volatility.

Image
source:
Shutterstock