Binance will support the DREP (DREP) token swap & redenomination plan, with the following timeline:
- Deposits and withdrawals of DREP will be suspended at 2021-03-22 00:00 (UTC). Please ensure that you leave sufficient time for your DREP deposits to be fully processed prior to this time. If deposited after this time, the tokens will not be credited to your account.
- Trading will be halted in all existing DREP trading pairs (DREP/BTC and DREP/USDT) at 2021-03-22 04:00 (UTC) and pending orders will be cancelled.
- We will swap the old DREP tokens with the new DREP tokens at a ratio of 100:1. New DREP tokens will assume the DREP ticker.
- Trading will then open for the new DREP/BTC and DREP/USDT trading pairs at 2021-03-26 04:00 (UTC).
- We will make a separate announcement after the token swap is complete to notify users when deposits and withdrawals of DREP will open.
- Following which, users will be able to use the convert function to swap their old DREP (DREPOLD) for new DREP tokens (DREP).
- New DREP smart contract: 0x3ab6ed69ef663bd986ee59205ccad8a20f98b4c2