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Frontier (FRONT) Token Swap and Rebranding to Self Chain (SLF) Supported by Binance. 🙂

Frontier (FRONT) Token Swap and Rebranding to Self Chain (SLF) Supported by Binance. 🙂

By Blount Charleston Aug 19, 202434Views
Binance ,Crypto ,Financial ,Projects ,Technology ,Token ,USD Coin ,Wallet

Binance Support for Frontier (FRONT) Token Swap

Binance, a prominent crypto exchange, is set to support the upcoming token swap of Frontier (FRONT) to Self Chain (SLF). This transition will have significant implications for trading pairs and services on the platform.

Details of the Token Swap

  • The token swap will begin on August 27, 2024, at 03:00 UTC
  • Existing FRONT spot trading pairs like FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT will be delisted
  • Pending FRONT spot trading orders will be canceled
  • New SLF pairs including SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT will be available for trading from August 30, 2024

Deposits and Withdrawals

  • FRONT token deposits and withdrawals will be halted on August 27, 2024, at 03:30 UTC
  • Users should complete their FRONT token deposits before the suspension
  • Binance will provide an update once SLF deposits and withdrawals are enabled

Impact on Trading Services

Spot Trading

Upon delisting FRONT on August 27, 2024:

  • All FRONT spot trading pairs will cease
  • Trading Bots services related to FRONT will be terminated
  • Users should manage their portfolios by August 26, 2024, to prevent losses

Futures Contracts

Binance Futures will:

  • Automatically settle all FRONTUSDT USDⓈ-M Perpetual Contracts on August 23, 2024
  • Users must close positions before the settlement to avoid automatic liquidation
  • Additional protective measures may be implemented

Margin Trading

Changes in Margin trading include:

  • Delist FRONT from Cross and Isolated Margin on August 23, 2024
  • Binance Margin will halt borrowings for these pairs earlier on August 20, 2024
  • Users need to close positions and transfer assets to Spot Wallets

VIP Loans

Regarding VIP Loans:

  • All outstanding FRONT loan positions will be closed on August 22, 2024
  • Users should repay FRONT loans before the closure date

Simple Earn

Regarding Simple Earn:

  • Support for FRONT Flexible Products will end on August 26, 2024
  • Existing subscriptions will be automatically redeemed
  • Binance will guide users to subscribe to SLF Flexible Products after the swap

Additional Information

Binance will handle all technical aspects of the token swap and rebranding process. Users can find more detailed information in the official announcement from the project team.

Hot Take: Stay Informed

Stay informed about the upcoming token swap and rebranding of FRONT to SLF on Binance. Ensure you adhere to the deadlines and make necessary adjustments to your trading strategies to avoid any potential losses. Stay updated with official announcements for a smooth transition!

Read Disclaimer
This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

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Blount Charleston
Blount Charleston
Blount Charleston stands out as a distinguished crypto analyst, researcher, and editor, renowned for his multifaceted contributions to the field of cryptocurrencies. With a meticulous approach to research and analysis, he brings clarity to intricate crypto concepts, making them accessible to a wide audience. Blount's role as an editor enhances his ability to distill complex information into comprehensive insights, often showcased in insightful research papers and articles. His work is a valuable compass for both seasoned enthusiasts and newcomers navigating the complexities of the crypto landscape, offering well-researched perspectives that guide informed decision-making.
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Frontier (FRONT) Token Swap and Rebranding to Self Chain (SLF) Supported by Binance. 🙂