This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance will support the Litentry (LIT) token swap and rebranding to Heima (HEI).
Please take note of these key tokenomics changes after this event:
The circulating supply of HEI will increase from 66M to 100M within 20 months;Risk warning banner and pop-up notification will be displayed on the Binance trading page;More information can be found here.
General
TradingAt 2025-02-10 03:00 (UTC), Binance will remove all existing LIT spot trading pairs (i.e., LIT/BTC and LIT/USDT) and cancel all pending LIT spot trading orders. At 2025-02-13 08:00 (UTC), Binance will open trading for the HEI/BTC and HEI/USDT trading pairs.Deposits and WithdrawalsAt 2025-02-10 03:30 (UTC), deposits and withdrawals of LIT tokens will be suspended. Users should ensure that they leave sufficient time for their LIT token deposits to be fully processed prior to this time. Deposits of HEI tokens will be opened at 2025-02-13 07:00 (UTC).Binance will make a separate announcement after the event is completed to notify users when withdrawals of HEI tokens have opened.After the event is complete, deposits and withdrawals of LIT tokens will no longer be supported.Binance will handle all technical requirements for users who are involved in this event.
Token Swap and Rebranding
LIT tokens will assume the ticker of HEI on Binance. All LIT tokens will be swapped to HEI at a ratio of 1 LIT = 1 HEI.
Spot
At 2025-02-10 03:00 (UTC), Binance will remove and cease trading on all spot trading pairs for LIT. The exact trading pairs being removed are: LIT/BTC and LIT/USDT.All trade orders will be automatically removed after trading ceases in each respective trading pair.Binance will remove Trading Bots services for the aforementioned spot trading pairs at 2025-02-10 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the removal of Trading Bots services to avoid any potential losses.Binance Spot Copy Trading will remove the aforementioned spot trading pairs on 2025-02-09 03:00 (UTC). After this time, any outstanding assets will be moved to the Spot Account. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 2025-02-09 03:00 (UTC) to avoid potential losses.Binance will open trading for the HEI/BTC and HEI/USDT trading pairs at 2025-02-13 08:00 (UTC).
Futures
Binance Futures will close all positions and conduct an automatic settlement on the LITUSDT USDⓈ-M Perpetual Contract at 2025-01-31 09:00 (UTC). The contract will be removed after the settlement is complete. Users are advised to close any open positions prior to the settlement time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contract(s) starting from 2025-01-31 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the LITUSDT USDⓈ-M Perpetual Contract without further announcements, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.At 2025-01-31 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the LIT symbol.
Margin
Binance Margin will remove LIT from Cross and Isolated Margin at 2025-02-06 06:00 (UTC). The LIT/USDT Cross and Isolated Margin pair(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said tokens, these users may only manually transfer up to the amount of liabilities of that token into their Margin Accounts, less any collateral already available.At 2025-01-23 06:00 (UTC), Binance Margin will suspend Isolated Margin borrowings on the aforementioned Isolated Margin pair(s). At 2025-02-06 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned Isolated Margin pair(s), which will then be removed from Isolated Margin.At 2025-01-23 06:00 (UTC), Binance Margin will suspend Cross Margin borrowings on the aforementioned token(s). At 2025-02-06 06:00 (UTC), if users hold both collateral and liabilities of the aforementioned token(s), the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Accounts, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin Accounts that are to be removed will then be fully sold. If the CML is below 2, the remaining tokens in users’ Cross Margin Accounts that are to be removed will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin Accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the aforementioned token(s)’ liabilities.
Please note that users will not be able to update their positions during the removal process, and they are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading at 2025-02-06 06:00 (UTC). Binance will not be responsible for any potential losses.
Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balance before 2025-02-06 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. All LIT balances in the Cross Margin Account under the Portfolio Margin Account will be automatically converted to USDT from 2025-02-06 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information.A separate announcement will be made for relisting.
Loans
At 2025-02-05 03:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for LIT (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding LIT loans before 2025-02-05 03:00 (UTC) to avoid any potential losses.
Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions.
Simple Earn
From 2025-02-07 03:00 (UTC), Binance Simple Earn will cease support for LIT Simple Earn Flexible Products. Subscriptions will no longer be available. From 2025-02-07 03:00 (UTC), all remaining LIT Flexible Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Accounts. Users can choose to redeem their assets from LIT Simple Earn Flexible Products anytime beforehand.After 2025-02-13 08:00 (UTC), Binance Simple Earn will resubscribe the converted HEI assets for Flexible Products for impacted users, according to the above swap ratio after the event is complete.
Binance Pay
At 2025-02-06 03:00 (UTC), Binance will remove LIT from the list of supported cryptocurrencies on Binance Pay.
Gift Card
At 2025-02-10 03:00 (UTC), Binance will no longer support the creation of LIT Gift Cards.Users may proceed to redeem any unredeemed LIT Gift Cards for LIT tokens before 2025-02-10 03:00 (UTC)
Convert
Binance Convert will remove LIT and all associated pairs at 2025-02-10 02:00 (UTC).
Auto-Invest
Binance Auto-Invest will remove LIT after 2025-02-05 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.
Convert Low-Value Assets
Convert Low-Value Assets will remove LIT at 2025-02-09 02:00 (UTC). Users may choose to convert the low-value assets beforehand.
Buy & Sell Crypto
At 2025-02-05 03:00 (UTC), Buy & Sell Crypto will remove LIT and all associated pairs.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-01-22
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and
[email protected].
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
