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Binance has announced support for its upcoming token swap and rebranding of Litentry ($LIT) to Heima (HEI) with several significant changes to its tokenomics and trading processes.
Binance to Support Litentry ($LIT) Token Swap and Rebranding to Heima (HEI)
Major Changes in Tokenomics
- HEI's circulating supply will increase from 66 million to 100 million in 20 months.
- A risk alert banner and pop-up notification will be displayed on the Binance trading page to alert users of the changes.
Trading Timeline
- 10 Şubat 2025 (06:00):
- Binance will remove all existing $LIT spot trading pairs ($LIT/$BTC and $LIT/$USDT) and cancel all pending orders.
- Trading bots for these pairs will also be disabled.
- 13 Şubat 2025 (11:00):
- Binance will open trading for new HEI/$BTC and HEI/$USDT trading pairs.
Deposit and Withdrawal Transactions
- February 10, 2025 (06:30): Deposits and withdrawals of $LIT tokens will be suspended. Users are advised to ensure that $LIT deposits are made in advance.
- February 13, 2025 (10:00): Deposits of HEI tokens will open.
- Users will be notified in a separate announcement when HEI tokens can be withdrawn.
After the rebranding, Binance will no longer support deposits or withdrawals of $LIT tokens.
Token Swap Details
- $LIT tokens will be exchanged for HEI at a 1:1 ratio.
- Binance will fulfill all technical requirements for the token swap, ensuring a smooth process for users.
- Users using trading bots or Spot Copy Trading are strongly advised to update or cancel their configurations before February 9, 2025 (06:00) to avoid possible losses.
- Any remaining assets from Spot Copy Trading will be moved to users' Spot Accounts after this period.
For more details and updates, users are advised to follow Binance's official announcements.
*This is not investment advice.