PANews reported on January 22 that Binance will support the token swap of Litentry (LIT) and the brand upgrade to Heima (HEI). Litentry (LIT) will be upgraded to Heima (HEI) on February 10, 2025, and the token swap will be completed at a ratio of 1 LIT = 1 HEI. The circulation of HEI will increase to 100 million within 20 months. Binance will stop all LIT spot trading pairs (LIT/BTC, LIT/USDT) on February 10 and open HEI/BTC and HEI/USDT trading on February 13. LIT deposits and withdrawals will be suspended on February 10, and HEI deposits will be opened on February 13. The withdrawal time is to be announced. In addition, LIT-related leverage and contract transactions will be gradually liquidated and removed from January 31 to February 6.

As reported earlier this week, Litentry is rebranding as a chain abstraction project and LIT will transition to a new token “HEI.”