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.
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
February 10, 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. February 13, 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 Users will be notified in a separate announcement when HEI tokens can be withdrawn.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. The token swap will occur at a 1:1 ratio, and Binance will fulfill all technical requirements for a seamless user experience.
