Overview

Binance has scheduled the delisting of four tokens, namely BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS) on July 22. This decision includes the cessation of trading on all spot trading pairs associated with these tokens. The delisting process is part of Binance's routine evaluation of listed digital assets to ensure they meet the required industry standards and criteria.

Reasons for Delisting

When a token no longer aligns with the established standards or if there are significant changes within the industry, Binance conducts a thorough review leading to potential delisting. Key factors influencing the delisting decision include the team's commitment to the project, development activity quality, trading volume, network security, smart contract stability, public communication level, regulatory compliance, and overall contribution to a sustainable crypto ecosystem.

Important Steps for Users

• Trade Orders Removal: All trade orders in the affected trading pairs will be automatically removed post the trading cessation.
• Token Valuation Display: After delisting, the token's valuation will no longer be visible in users' wallets unless they select “Hide Small Balances” in all wallets.
• Deposits and Withdrawals: Deposits for delisted tokens will not be credited after July 23 at 03:00 (UTC), and withdrawals from Binance will cease support after October 22 at 03:00 (UTC).

Additional Details

• Stablecoin Conversion: Users' delisted tokens may be converted into stablecoins post October 23 at 03:00 (UTC) without guaranteed conversion, with prior notification.
• Binance Simple Earn: The delisted tokens will be removed from Binance Simple Earn on July 19, leading to automatic redemption of Flexible Products positions. Users have the option to redeem positions beforehand.
• Binance Auto Invest: Tokens will be delisted from Binance Auto Invest after July 15, affecting the recurring token cycles.
• VIP Loan: Outstanding loan positions for the tokens will be closed on July 17, implying users repay loans before the stated date to mitigate losses.
• Binance Funding Rate Arbitrage Bot: Arbitrage strategies related to the delisted tokens will be closed on July 16, affecting new strategies.
• Binance Margin and Portfolio Margin: Margin trading for the affected tokens will cease on July 17, prompting users to close positions and transfer assets accordingly.
• Binance Convert: Tokens will be sell-only from July 18 to July 22 on Binance Convert and will be delisted afterwards.
• Various Binance Services: Binance Buy and Sell Crypto, Binance Gift Card, Binance Pay, and Trading Bots services related to the affected tokens will be delisted on various dates, as specified by Binance.

Binance has assured that the BONDUSDT Perpetual Contract trading remains unaffected by the delisting.