Binance Converts BEAM, BCD, GO, NSBT, and SGB Balances to USDT

Binance,
a
leading
cryptocurrency
exchange,
has
completed
the
conversion
of
specific
token
balances
to
USD
Tether
(USDT),
according
to
an
official

announcement.
The
affected
tokens
include
Beam
(BEAM),
Bitcoin
Diamond
(BCD),
GoChain
(GO),
Neutrino
System
Base
Token
(NSBT),
and
Songbird
(SGB).

Details
of
the
Conversion

The
conversion
process
was
based
on
users’
token
holdings
in
their
Binance
wallets
as
of
December
26,
2023,
at
00:00
UTC.
Users
holding
less
than
0.01
USDT
worth
of
these
tokens,
based
on
average
exchange
rates,
were
not
eligible
for
the
conversion.

The
conversion
rates
were
specified
as
follows:

• BEAM:
  0.04268
  USDT
• BCD:
  0.06251
  USDT
• GO:
  0.00403
  USDT
• NSBT:
  0.22722
  USDT
• SGB:
  0.00855
  USDT

The
conversion
was
executed
between
December
26,
2023,
and
June
25,
2024.
Users
can
verify
the
receipt
of
their
USDT
tokens
by
navigating
to
Wallet
>
Transaction
History
>
Distribution
on
the
Binance
platform.

Important
Considerations

Binance
has
noted
that
there
might
be
discrepancies
in
the
translated
versions
of
the
announcement.
Users
are
advised
to
refer
to
the
original
English
version
for
the
most
accurate
information.
The
company
also
reserves
the
right
to
amend
or
cancel
the
announcement
at
any
time
without
prior
notice.

Additionally,
Binance
included
a
standard
disclaimer
regarding
the
high
market
risk
and
price
volatility
associated
with
digital
assets.
They
emphasize
that
users
are
solely
responsible
for
their
investment
decisions
and
should
consider
their
investment
experience,
financial
situation,
and
risk
tolerance
before
making
any
investments.

About
Binance

Binance
is
one
of
the
largest
cryptocurrency
exchanges
globally,
known
for
its
extensive
range
of
digital
assets
and
trading
services.
The
platform
frequently
updates
its
offerings
and
policies
to
align
with
market
dynamics
and
user
needs.

Image
source:
Shutterstock