late June, Binance announced that it was going to support the VeChain (VEN) mainnet token swap to Vechain Thor (VET). Back then, the exact date of the token swap had not been announced, but the crypto community was aware that it would happen sometime before the end of July. The team at VeChain had also announced that the new VET coin will start trading also in the month of July.
Binance announes completion of VEN Mainnet swap to VET
Two days ago, on the 24th of July, Binance announced that it had completed the VEN Mainnet swap to VET and based on the promised ratio of 1 VEN = 100 VET. The exchange also announced that trading on VET would resume using the base pairs of BTC, ETH, BNB and USDT. The announcement also stated that:
All prior VEN balances have been removed and all VEN trading pairs have been delisted from the exchange.
Based on the VEN/VET distribution ratio, the opening price for VET will be one hundredth of the last traded VEN price. The exact prices are listed below:
VET/BTC 0.00000240
VET/ETH 0.00003941
VET/BNB 0.00149200
VET/USDT 0.018319