Nami Exchange supports the conversion of Merit Circle (MC) to Beam (BEAMX)

Dear Nami Community,

As latest announcement from partner Binance, Nami Exchange would like to announce the support and schedule of token swap, redenomination and rebranding of Merit Circle (MC) to Beam (BEAMX) token, details as described below:

1.Spot and Swap trading

  • At 2023-11-07 03:00 (UTC), Nami Exchange will suspend and delist all MC/USDT, MC/VNST and MC/VNDC spot and swap trading pairs and cancel all pending spot trade orders.
  • At 2023-11-07 03:30 (UTC), deposits and withdrawals of MC (ERC-20 and BEP-20) will be suspended. Please ensure that you leave sufficient time for your MC deposits to be fully processed prior to this time.

2. Nami Earn

At 2023-11-01 06:00 (UTC), Nami Earn will cease support for MC Earn Pools, and subscriptions will no longer be available. For existing subscriptions, MC balances will be automatically redeemed and credited to users’ Spot Wallets after 2023-11-01 06:00 (UTC). Users may also choose to redeem their assets from MC Nami Earn Pools anytime before 2023-11-01 06:00 (UTC).

3.Conversion's schedule and rate:

  • After the time listed above, Nami Exchange will recover all old MC balances, and begin the distribution of new BEAMX to all eligible users at a ratio of 1 MC = 100 BEAMX.
  • At 2023-11-14 08:00 (UTC), trading will open for the BEAMX/USDT, BEAMX/VNST and BEAMX/VNDC spot trading pairs.
  • The opening time for Deposits and Withdrawals BEAMX will be updated later on this announcement
  • Smartcontract Beam (BEAMX)

ERC-20: 0x62D0A8458eD7719FDAF978fe5929C6D342B0bFcE

BEP-20: 0x62D0A8458eD7719FDAF978fe5929C6D342B0bFcE

More information:

Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.

Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Nami is not liable for any losses that might arise from your investment. This information should not be regarded as financial or investment advice.

About Nami Exchange

Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 1,000 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.

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