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BloFin Will Support the BinaryX (BNX) Token Swap and Rebranding to Four (FORM)

  • Updated

Dear BloFin Users,

According to the project announcement, BloFin will support the BinaryX (BNX) token swap and rebranding to Four (FORM). Details are as follows:

  • Token Swap

1. All BNX tokens will be swapped to FORM at a ratio of 1 BNX = 1 FORM.

2. BNX tokens will assume the ticker of FORM on BloFin.

  • Deposits and Withdrawals

1. Deposits and withdrawals of BNX tokens will be suspended at 03:30 (UTC) on Mar 17, 2025. Please make sure to leave enough time before this time to fully process your BNX token deposit.

2. Deposits of FORM tokens will be opened at 10:30 (UTC) on Mar 19, 2025.

3. Withdrawals of FORM tokens will be opened at 11:00 (UTC) on Mar 20, 2025.

4. After the swap is complete, deposits and withdrawals of BNX tokens will NO longer be supported.

  • Spot Trading

1. BloFin will delist and cease trading on all spot trading pairs for BNX at 03:00 (UTC) on Mar 17, 2025.

2. All trade orders will be automatically removed after trading ceases in each respective trading pair.

3. Users are strongly advised to complete or cancel the BNX/USDT Trading pair prior to 2025-03-17, 03:00 (UTC) to avoid potential losses.

4. BloFin will open trading for the FORM/USDT trading pair at 11:00 (UTC) on Mar 19, 2025.

  • Futures Trading

1. Users are not allowed to open new positions for the aforementioned contracts starting from this announcement. Reduce-only orders for closing positions are supported.
2. BloFin will delist the BNXUSDT Perpetual Contract at 07:00 (UTC) on Mar 17, 2025, and all active and conditional orders for the BNXUSDT Perpetual Contract will be canceled at that time.
3. BloFin Futures will close all positions and conduct an automatic settlement on the BNXUSDT Perpetual Contract at 2025-03-17, 07:00 (UTC).

Please note:
1. The aforementioned contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.
2. To safeguard users and mitigate potential risks in highly volatile market conditions, BloFin Futures may undertake additional protective measures for the aforementioned contracts without prior notice, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier; updating funding rates (such as the interest rate and capped funding rate); changing the constituents of the price index, and updating the Mark Price with the Last Price Protected mechanism.

For more information about this event, please refer to: The $Four token symbol has been revised to $FORM for greater token identity on BNB Chain

 

Sorry for any inconvenience this may have caused you. Please do not hesitate to contact our customer support team at support@blofin.com for assistance if you have any questions or concerns.

Thanks for your support and understanding!

BloFin Team
Feb 26, 2025

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BloFin reserves the right, in its sole discretion, to amend or cancel this announcement at any time and for any reason without prior notice.
 
Risk Warning: Digital assets are highly speculative and subject to significant volatility. They may become illiquid at any time, and investors could lose the entire value of their investment. Before trading any digital asset, you should conduct your own research and assess your risk tolerance. BloFin is not liable for any losses you may incur from trading digital assets. This material should not be construed as financial advice. For more information, view our Terms of Use and Risk Warning.

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