Binance: Announcement regarding support for Virtua (TVK) token swap and brand upgrade to Vanar (VANRY)
Binance will support the Virtua (TVK) token swap and rebranding to Vanar (VANRY).
Deposit and WithdrawalAt 2023-11-27 03:30 (UTC), deposits and withdrawals of TVK will be suspended. Please ensure that you leave sufficient time for your TVK deposits to be fully processed prior to this time. Binance will make a separate announcement after the event is completed to notify users when deposits and withdrawals of VANRY will be opened.After the event is complete, deposits and withdrawals of TVK tokens will no longer be supported.Binance will handle all technical requirements for users who are involved in this event.Users may refer to the announcement from the project team for more information.
TVK tokens will assume the ticker of VANRY on Binance (i.e., 1 TVK = 1 VANRY).VANRY smart contract addresses: VANRY (ERC20) VANRY (Polygon)
At 2023-11-27 03:00 (UTC), Binance will delist all existing TVK spot trading pairs (i.e., TVK/BTC and TVK/USDT) and cancel all pending TVK spot trade orders. Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2023-11-27 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.At 2023-12-01 08:00 (UTC), trading will open for the VANRY/BTC and VANRY/USDT spot trading pairs.
At 2023-11-20 06:00 (UTC), Binance will suspend TVK/BTC and TVK/USDT cross and isolated margin borrowing. At 2023-11-23 07:00 (UTC), Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the TVK/BTC and TVK/USDT cross and isolated margin pairs. If users have any outstanding cross margin and/or isolated margin loans, any TVK assets held in their cross margin and/or isolated margin accounts may be sold. These pairs will then be removed from Cross Margin and Isolated Margin.Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2023-11-23 07:00 (UTC). Binance will not be responsible for any potential losses. Portfolio Margin users are advised to transfer TVK out of their Margin Wallet to their Spot Wallet and to top up their margin balance before 2023-11-23 07:00 (UTC) (if applicable). Users should monitor the Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that may result from the removal of TVK from the Margin Wallet.All TVK balances in Cross Margin Wallets under the Portfolio Margin account will be automatically converted into USDT. For more information, please refer to this FAQ.A separate announcement will be made for relisting.
At 2023-11-20 08:00 (UTC), Binance Simple Earn will cease support for TVK Simple Earn Flexible Products, and subscriptions will no longer be available. For existing subscriptions, TVK balances in Simple Earn will be automatically redeemed and credited to users’ Spot Wallets after 2023-11-24 08:00 (UTC). Users may also choose to redeem their assets from TVK Flexible Products anytime before 2023-11-24 08:00 (UTC).
At 2023-11-23 08:00 (UTC), Binance Loans (Flexible and Stable Rates) and VIP Loan will close all outstanding loan positions for TVK. Users are strongly advised to repay their outstanding TVK loans before 2023-11-23 08:00 (UTC) to avoid any potential losses and the 2% liquidation fee.Please refer to the Binance Loans (Stable and Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions.
At 2023-11-27 03:00 (UTC), Binance will remove TVK from the list of supported cryptocurrencies on Binance Pay.
At 2023-11-27 03:00 (UTC), Binance will no longer support the creation of TVK Gift Cards.While users may proceed to redeem any unredeemed TVK Gift Cards for TVK tokens before 2023-11-27 03:00 (UTC), the redeemed tokens will be subject to automatic conversion to new VANRY tokens.After 2023-11-27 03:00 (UTC), all unredeemed TVK Gift Cards will be automatically converted to new VANRY tokens.
Note: Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
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