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- Users will be notified in a separate announcement when HEI tokens can be withdrawn.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.
Read the full article here
