Here's what the ad means, in detail:
1. Closing of Pre-market and Commencement of Spot Trading:
Binance will end pre-market trading for Scroll $SCR on October 21, 2024 at 09:00 (UTC). This means that pre-market trading will be closed from that time.
Spot trading will open for Scroll on October 22, 2024 at 08:00 (UTC) with new trading pairs: SCR/BTC, SCR/USDT, SCR/FDUSD, and SCR/TRY. This will allow users to directly trade SCR for these currencies.
2. Deposits and Withdrawals:
You will be able to start depositing SCR to Binance on October 21, 2024, at 10:00 AM (UTC). This suggests that if you want to trade SCR on Binance, you can start transferring your coins to your Binance account.
SCR withdrawals will be released on October 23, 2024, at 08:00 (UTC), allowing you to withdraw your tokens from the platform after that time.
3. Seed Tag Applied to SCR:
The Seed Tag is a marker that Binance uses to designate an asset as being new or having a higher risk. This usually indicates that the coin is still considered relatively new to the market and therefore may have additional volatility or risk. As a result, you should be aware of this risk when trading SCR.
4. Listing Fee and Support Networks:
There will be no listing fees charged for BNB to SCR, meaning there are no additional costs associated with the listing process.
The smart contract mentioned refers to the Scroll Network, which supports SCR. This contract is relevant if you need to verify legitimacy or make transfers via external wallets.
5. Trading Bots e Spot Copy Trading:
Binance will enable Trading Bots and Spot Copy Trading for SCR within 24 hours of its spot listing. These features allow users to automate their trading operations or copy other traders’ trades.
6. Pre-market Orders:
Any pre-market orders you have placed will be automatically removed once pre-market trading is closed.
Relevance for your coins on Binance:
If you hold SCR coins on Binance, the announcement indicates that you will be able to start trading these coins in new spot pairs starting October 22, 2024, after pre-market trading closes. It is important to consider the additional risk highlighted by the application of the Seed Tag and ensure that your funds are safe by following the recommendations to do your own research before trading.
Please ensure that your SCR coins are properly deposited on Binance by October 21, 2024 if you intend to use them for trading immediately after listing.
