Peter Zhang
Aug 19, 2024 12:36
Binance broadcasts assist for Frontier (FRONT) token swap and rebranding to Self Chain (SLF), affecting buying and selling pairs and futures contracts.
Binance, a number one cryptocurrency trade, has introduced its assist for the Frontier (FRONT) token swap and rebranding to Self Chain (SLF). This important transition will affect varied buying and selling pairs and providers on the platform, in accordance with Binance.
Particulars of the Token Swap
Beginning on August 27, 2024, at 03:00 UTC, Binance will delist all current FRONT spot buying and selling pairs, together with FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT. All pending FRONT spot buying and selling orders can even be canceled right now. Buying and selling for the brand new SLF pairs (SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT) will start on August 30, 2024, at 08:00 UTC.
Deposits and Withdrawals
Deposits and withdrawals of FRONT tokens might be suspended on August 27, 2024, at 03:30 UTC. Customers are suggested to make sure their FRONT token deposits are totally processed earlier than this deadline. Binance will subject a separate announcement as soon as the swap is full and SLF deposits and withdrawals can be found. Submit-swap, withdrawals of FRONT tokens will now not be supported.
Impression on Buying and selling Companies
Spot Buying and selling
Upon delisting on August 27, 2024, Binance will stop buying and selling on all FRONT spot buying and selling pairs and terminate associated Buying and selling Bots providers. Customers are suggested to replace or cancel their Buying and selling Bots and Spot Copy Buying and selling portfolios by August 26, 2024, to keep away from potential losses.
Futures Contracts
Binance Futures will shut all positions and conduct an computerized settlement on the FRONTUSDT USDⓈ-M Perpetual Contracts on August 23, 2024, at 09:00 UTC. Customers ought to shut any open positions earlier than this time to keep away from computerized settlement. Binance Futures could implement further protecting measures, comparable to adjusting leverage and margin necessities.
Margin Buying and selling
FRONT might be delisted from Cross and Remoted Margin on August 23, 2024, at 10:00 UTC. Binance Margin will droop borrowings for these pairs on August 20, 2024, at 06:00 UTC. Customers ought to shut their positions and switch property from Margin Wallets to Spot Wallets earlier than the delisting to keep away from potential losses.
VIP Loans
All excellent FRONT mortgage positions underneath Binance VIP Mortgage might be closed on August 22, 2024, at 03:00 UTC. Customers are suggested to repay their FRONT loans earlier than this deadline.
Easy Earn
Binance Easy Earn will stop assist for FRONT Versatile Merchandise on August 26, 2024, at 03:00 UTC. Present subscriptions might be robotically redeemed and credited to customers’ Spot Wallets. Submit-swap, Binance will help customers in resubscribing to SLF Versatile Merchandise.
Further Info
Binance will deal with all technical necessities for customers concerned on this token swap and rebranding occasion. For extra detailed info, customers can consult with the official announcement from the mission workforce.
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