Binance will delist old COVER tokens and issue new COVER tokens to users at a 1:1 snapshot ratio

According to BlockBeats, on December 29, Binance announced that after communicating with the COVER team, Binance will remove the old COVER tokens and distribute new COVER tokens to users at a 1:1 snapshot ratio. Since the COVER team has not determined the final snapshot time, but stated that the snapshot will be before the ETH block height 11541219 (16:11:16, December 28, 2020, Hong Kong time), Binance will make a separate announcement after the COVER team confirms it. In addition, the old COVER tokens will continue to be available for withdrawal; Binance will subsequently evaluate whether to open the new COVER token trading.