Binance, one of many world’s main cryptocurrency exchanges, has efficiently accomplished the token swap and rebranding of Frontier (FRONT) to Self Chain (SLF), as per an official announcement.
Token Swap and Rebranding Particulars
The token swap was carried out at a 1:1 ratio, that means every FRONT token was transformed into one SLF token. Binance has opened deposits and withdrawals for the brand new SLF tokens. Moreover, spot buying and selling pairs for SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT are actually dwell on the platform, efficient from August 30, 2024, at 08:00 UTC.
Influence on Customers
Customers with energetic Spot Copy Buying and selling portfolios can embrace the brand new SLF pairs by enabling them within the Private Pair Choice part of the Spot Copy Buying and selling settings. Moreover, customers can view their token distribution historical past and acquire their assigned SLF token deposit addresses by means of their Binance wallets.
Essential Notes
- The token distribution was executed at a ratio of 1 FRONT = 1 SLF.
- Customers can deposit previous FRONT tokens and swap them for brand spanking new SLF tokens utilizing Binance’s convert perform.
- Withdrawals of previous FRONT tokens are not supported.
It is very important notice that there could also be discrepancies in translated variations of the announcement. Customers are suggested to check with the unique English model for probably the most correct data.
Market Context
This transfer comes at a time when Binance is actively engaged on enhancing its platform’s performance and person expertise. The rebranding and token swap are a part of Binance’s broader technique to streamline its providers and supply extra sturdy buying and selling choices for its customers. The introduction of recent buying and selling pairs is anticipated to extend liquidity and provide extra buying and selling alternatives for Binance’s person base.
For extra data, customers can go to the official Binance announcement web page.
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