Binance, one of many world’s main cryptocurrency exchanges, introduced that it helps the upcoming Lisk (LSK) contract alternate and shared necessary particulars for customers earlier than the transition.
Binance Lisk (LSK) Pronounces Contract Swapping Assist
The contract alternate for Lisk (LSK) will see all deposits and withdrawals of legacy LSK tokens suspended from 05:00 on Could 21, 2024.
It’s essential that customers make sure that they permit adequate time for deposits and withdrawals of legacy LSK tokens to be absolutely processed earlier than this occasion.
Binance reassures its customers that numerous buying and selling and funding companies, together with spot buying and selling, margin buying and selling, futures buying and selling and Binance Earn companies, is not going to be affected by the contract alternate course of.
Binance will handle all needed technical necessities for customers concerned within the occasion and simplify the migration course of for its customers. For extra info, customers are suggested to check with the official announcement from the Lisk undertaking staff.
Through the contract swap, all outdated LSK tokens will likely be changed with new LSK tokens at a 1:1 ratio, making certain a clean transition for customers.
Nevertheless, upon completion of the occasion, deposits and withdrawals of legacy LSK tokens will not be supported on the Binance platform.
*This isn’t funding recommendation.
