Binance to Support Frontier (FRONT) Token Swap and Rebranding to Self Chain (SLF)

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.

Image
source:
Shutterstock