- Binance accomplished DAR token swap and Dar open community rebrand.
- Dar token rebranding from DAR to D token came about in December final yr.
As a part of its newest announcement, Binance acknowledged that it accomplished DAR token swap and rebrand of Dar open community. The trade platform additionally made deposits and withdrawals for D tokens out there for customers. Being the main crypto trade platform, Binance’s assist to Mines of Dalarnia (DAR) token swap performs an enormous function in D token’s adoption and funding.
Binance introduced that it’ll assist Mines of Dalarnia (DAR) token swap and community rebranding in December 2024. As per its earlier announcement, Binance delisted all current spot buying and selling pairs reminiscent of DAR/USDT, DAR/TRY, and so on. Including to that, it canceled all pending DAR spot buying and selling orders on Jan 6, 2025.
Ranging from Jan 9, 2025, 8:00 (UTC), customers are in a position to entry spot buying and selling pairs with the brand new ticker “D.” The buying and selling pairs D/USDT and D/TRY can be found for customers, together with deposits and withdrawals of those tokens.
Binance additionally permits buyers to deposit DAR tokens and swap them to D tokens. Nonetheless, they’ll be capable to withdraw DAR tokens. Previous to Binance, Bitget has additionally introduced that it swapped DAR tokens with D tokens, together with DAR open community rebranding. One other main trade Crypto.com has additionally supported DAR token rebrand to D.
DAR to D: Dar Open Community Rebranding
DAR to D token conversion was introduced in December, 2024, as a part of its rebranding course of. The D token is a utility token with a number of use instances on Dar Open Community. Staking, governance, and Dar ecosystem assist are a few of its noteworthy use instances. The challenge ensured that the method of token swapping was simple and seamless.
Whereas self-custodian wallets can swap tokens utilizing a migration portal, buyers who use centralized exchanges can immediately swap their tokens on the platform. Moreover, all of the staked DAR tokens will robotically be transformed to D tokens. The tokenomics are additionally modified by way of the ratio between ERC-20 and BEP-20 networks. Nonetheless, the entire and circulating provide of DAR tokens stays unchanged.
