Binance has announced that it will support the Mines of Dalarnia (DAR) token swap, marking a significant rebranding to Dar Open Network (D). This major move comes as part of the project’s shift to a new identity, with Binance offering full technical support for users involved in the swap.
Mines of Dalarnia token swap will take place on January 6, 2025, when Binance will delist all DAR spot trading pairs (DAR/USDT and DAR/TRY), and cancel any pending orders. The token swap will follow a 1:1 ratio, where all DAR tokens will be exchanged for D tokens. The new D/USDT and D/TRY trading pairs will go live on January 9, 2025, at 08:00 (UTC).
Key Dates:
- January 6, 2025:
- Delisting of DAR spot trading pairs at 03:00 (UTC)
- DAR token deposit suspension at 03:30 (UTC)
- All DAR spot trading orders canceled
- January 9, 2025:
- D token deposits open at 07:00 (UTC)
- D token trading pairs open at 08:00 (UTC)
To ensure users are prepared, Binance advises completing all transactions related to DAR tokens ahead of the cut-off times. This includes transfers, withdrawals, and the closure of any margin, loan, or trading positions involving DAR.
In addition to token swaps, Binance will also make changes to services like Binance Futures, Margin, Loans, and Simple Earn, reflecting the transition from DAR to D. The Futures market will close positions for DARUSDT contracts on December 26, 2024, while Margin trading pairs will be delisted on December 27, 2024.
Binance also announced that DAR Gift Cards will no longer be supported after January 6, 2025, and any unredeemed DAR Gift Cards will automatically convert to D tokens.
Spot, Margin, and Loan Details:
- The DAR/USDT pair will be removed from all margin and spot services, with all positions closed by January 6, 2025.
- Futures and Margin traders are encouraged to close their positions before the respective deadlines to avoid automatic settlements and potential losses.
After the Swap: Users can expect the new D tokens to be fully integrated into Binance by January 9, 2025. Binance will make additional announcements to inform users of the complete withdrawal process.
For more information, users can refer to the official project team’s updates.
