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• Binance, the biggest cryptocurrency exchange in the world, will convert all New Bitshares (NBS) token balances to USDT by December 8, 2023.
• The conversion will be based on users’ NBS holdings in their Binance wallets at the snapshot time of September 9, 2023.
• Users should expect to receive the Tether (USDT) equivalent of their remaining NBS tokens by December 0, 2023.
Binance to Convert All New Bitshares (NBS) Token Balances to USDT Before Year Ends
Delisting of Tokens
Binance periodically reviews its listed tokens to ensure they continue to meet the high level of standard we expect. The New Bitshares (NBS) token was delisted by Binance in October last year. At press time, the NBS token was trading at $0.0002246, down 6.05% in the last 24 hours.
Conversion Process
Binance has indicated that it will convert all New Bitshares (NBS) token balances in users’ wallets to USDT by December 8, 2023 using an average NBS/USDT exchange rate between September 9 and December 8, 2023 based on users’ NBS holdings in their Binance wallets at the snapshot time of September 9, 2023. New NBS token deposits will not be credited to users’ accounts and withdrawals will not be possible until September 9, 2023.
Notification for Users
Users who hold New Bitshares (NBS) tokens in any of their Binance wallets will receive an email notification by August 25th 23:59 PM UTC). The users will be able to continue withdrawing their New Bitshares (NBS) tokens from Binance until September 9th 00:00 AM UTC), subject to network conditions and availability. After this date, users won’t be able to withdraw or transfer their NBS token into any external wallets.
Receiving Equivalent Amounts
The users should expect to receive the Tether (USDT) equivalent of their remaining NBS tokens by December 0th , which is when the conversion process is scheduled for completion .