In a recent announcement, Binance revealed a new initiative that enables holders of Aragon tokens (ANT) to exchange their assets for Ethereum (ETH). This decision follows the Aragon Foundation’s recent policy adjustments aimed at providing liquidity options for ANT holders. The announcement was made public on October 24, outlining specific details of the exchange process.
What is the Fixed Rate for the Exchange?
The Aragon Foundation has established a fixed exchange rate of 0.0025376 ETH for each ANT token. This rate provides a stable conversion value for participants looking to swap their tokens for Ethereum.
What Happens After the Deadline?
Starting from October 28, 2024, Binance will commence the exchange process. On this date, ANT balances will be removed from user accounts at 07:59 Turkish time. Participants will see their ETH credited by November 9, 2024. Users wishing to avoid participation must withdraw their ANT tokens prior to the deadline to avoid automatic conversion.
- The fixed exchange rate is set at 0.0025376 ETH/ANT.
- After October 28, 2024, ANT withdrawals will be disabled.
- Users can choose between withdrawing their ANT tokens or receiving ETH.
This initiative not only provides liquidity but also gives users a clear choice between two options regarding their Aragon tokens. The straightforward process allows holders to easily transition to Ethereum, enhancing their trading capabilities on the Binance platform.