According to the official announcement, the Binance leverage and VIP lending platform will remove PlayDapp (PLA) at 14:00 on February 21, 2024 (Eastern Eighth District time).
Binance Margin will remove the PLA/USDT cross margin and isolated margin trading pairs at 14:00 on February 21, 2024 (Eastern District Time):
-The Binance margin trading platform will automatically close and liquidate the full and isolated margin positions of the above currency pairs at 14:00 on February 21, 2024 (Eastern Eighth District time), and cancel all users’ positions on the above trading pairs. Pending order. Thereafter, the above trading pairs will be removed from the leverage platform. During the delisting process, users will not be able to update their positions. It is strongly recommended that users close their positions and/or remove their assets from their margin wallet before the above trading pairs stop margin trading, that is, before 14:00 on February 21, 2024 (East Eighth District time) By transferring to a spot wallet, Binance will not be responsible for any potential losses;
- Users of Binance unified accounts are recommended to transfer the above-mentioned tokens from the margin account to the spot account and replenish the margin balance before 14:00 on February 21, 2024 (Eastern Eighth District time). Users should closely monitor the maintenance margin rate (Uni-MMR) of Uni-accounts to avoid any potential liquidations that may result from margin wallets no longer supporting the above tokens;
- Starting from 14:00 on February 21, 2024 (Eastern Eighth District time), users who enable the unified account mode will automatically convert the PLA balance in their cross-margin wallet to USDT. The redemption process takes approximately 24 hours or more. Binance will not be responsible for any losses that may arise from new positions established during the asset swap process. See this FAQ for more information.
Binance VIP Lending will automatically close and liquidate positions in the above currencies (as lending currencies or mortgage currencies) at 14:00 on February 21, 2024 (Eastern Eighth District time). Users are strongly recommended to repay the outstanding borrowed coins before 14:00 on February 21, 2024 (Eastern Eighth District time) to avoid potential losses.