Binance has announced support for the upcoming Metal DAO (MTL) mainnet exchange. To facilitate this transition, all deposits and withdrawals of legacy MTL tokens will be suspended starting at 05:00 on June 24, 2024.
Binance Metal to Support DAO (MTL) Mainnet Exchange
Users are advised to ensure that their old MTL token transactions are fully processed before this suspension.
Spot trading, margin trading, futures trading and Binance Earn services will not be affected during the mainnet switch. Binance will manage all technical requirements for the mainnet exchange on behalf of its users.
The swap will convert all old MTL tokens into new MTL tokens at a 1:1 ratio. After the swap, deposits and withdrawals of legacy MTL tokens will no longer be supported.
Once the swap is complete, Binance will publish a separate announcement informing users about when the new MTL tokens can be deposited and withdrawn. Users can refer to the project team's official announcement for additional details.
This mainnet swap represents a significant upgrade for Metal DAO, and Binance's support ensures a smooth transition for all users involved.
*This is not investment advice.