Peter Zhang
Aug 19, 2024 12:36
Binance announces support for Frontier (FRONT) token swap and rebranding to Self Chain (SLF), affecting trading pairs and futures contracts.
Binance, a leading cryptocurrency exchange, has announced its support for the Frontier (FRONT) token swap and rebranding to Self Chain (SLF). This significant transition will impact various trading pairs and services on the platform, according to Binance.
Details of the Token Swap
Starting on August 27, 2024, at 03:00 UTC, Binance will delist all existing FRONT spot trading pairs, including FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT. All pending FRONT spot trading orders will also be canceled at this time. Trading for the new SLF pairs (SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT) will commence on August 30, 2024, at 08:00 UTC.
Deposits and Withdrawals
Deposits and withdrawals of FRONT tokens will be suspended on August 27, 2024, at 03:30 UTC. Users are advised to ensure their FRONT token deposits are fully processed before this deadline. Binance will issue a separate announcement once the swap is complete and SLF deposits and withdrawals are available. Post-swap, withdrawals of FRONT tokens will no longer be supported.
Impact on Trading Services
Spot Trading
Upon delisting on August 27, 2024, Binance will cease trading on all FRONT spot trading pairs and terminate related Trading Bots services. Users are advised to update or cancel their Trading Bots and Spot Copy Trading portfolios by August 26, 2024, to avoid potential losses.
Futures Contracts
Binance Futures will close all positions and conduct an automatic settlement on the FRONTUSDT USDⓈ-M Perpetual Contracts on August 23, 2024, at 09:00 UTC. Users should close any open positions before this time to avoid automatic settlement. Binance Futures may implement additional protective measures, such as adjusting leverage and margin requirements.
Margin Trading
FRONT will be delisted from Cross and Isolated Margin on August 23, 2024, at 10:00 UTC. Binance Margin will suspend borrowings for these pairs on August 20, 2024, at 06:00 UTC. Users should close their positions and transfer assets from Margin Wallets to Spot Wallets before the delisting to avoid potential losses.
VIP Loans
All outstanding FRONT loan positions under Binance VIP Loan will be closed on August 22, 2024, at 03:00 UTC. Users are advised to repay their FRONT loans before this deadline.
Simple Earn
Binance Simple Earn will cease support for FRONT Flexible Products on August 26, 2024, at 03:00 UTC. Existing subscriptions will be automatically redeemed and credited to users’ Spot Wallets. Post-swap, Binance will assist users in resubscribing to SLF Flexible Products.
Additional Information
Binance will handle all technical requirements for users involved in this token swap and rebranding event. For more detailed information, users can refer to the official announcement from the project team.
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