$LIT Yes, Litentry (LIT) has been removed from trading on several major exchanges as a result of the token swap and rebranding to Heima (HEI). For example, Binance announced support for swapping LIT tokens and rebranding to HEI, which removed the LIT-related leveraged trading pairs.
In addition, Bitget has terminated its automated trading software services for spot and futures trading pairs.
For Litentry (LIT) holders, their balances will be automatically converted to Heima (HEI) at a 1:1 ratio (i.e., 1 LIT will be exchanged for 1 HEI). This conversion will be done automatically by the exchanges supporting the swap, such as Binance, KuCoin, and Bitget, without any action required from the users.
Important Notes:
LiT Support Cessation: After the swap is complete, the exchanges will no longer support deposits and withdrawals of old LIT tokens.
Trading Resumption: Deposit, withdrawal, and trading services for new HEI tokens will resume after the swap is completed. The platforms will notify users of the details of these services via subsequent announcements.
Increase in Circulating Supply: The circulating supply of HEI is expected to increase from 66 million to 100 million over the course of 20 months.
LIT holders are advised to follow the official announcements from their platforms for the latest information and updates on the swap process.
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