Binance поддержит своп токенов Frontier (FRONT) и ребрендинг на Self Chain (SLF)

Fellow Binancians,

Binance will support the Frontier (FRONT) token swap and rebranding to Self Chain (SLF).

At 2024-08-27 03:00 (UTC), Binance will delist all existing FRONT spot trading pairs (i.e., FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT) and cancel all pending FRONT spot trading orders. At 2024-08-30 08:00 (UTC), Binance will open trading for the SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT trading pairs.

General

• Deposits and Withdrawals

  • At 2024-08-27 03:30 (UTC), deposits and withdrawals of FRONT tokens will be suspended. Please ensure that you leave sufficient time for your FRONT token deposits to be fully processed prior to this time. 

  • Binance will make a separate announcement after the event is completed to notify users when deposits and withdrawals of SLF tokens will be opened.

  • After the event is complete, withdrawals of FRONT tokens will no longer be supported.

• Binance will handle all technical requirements for users who are involved in this event.

• Users may refer to the announcement from the project team for more information.

Token Swap and Rebranding

• FRONT tokens will assume the ticker of SLF tokens on Binance.

• All FRONT tokens will be swapped to SLF at a ratio of 1 FRONT = 1 SLF.

Spot

• At 2024-08-27 03:00 (UTC), Binance will delist and cease trading on all spot trading pairs for FRONT. 

• The exact trading pairs being removed are: FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT.

• All trade orders will be automatically removed after trading ceases in each respective trading pair.

• Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2024-08-27 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.

• Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 2024-08-26 03:00 (UTC) - after this time, any outstanding spot trading pairs will be moved to the Spot Wallet. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 2024-08-26 03:00 (UTC) to avoid potential losses.

• Binance will open trading for the SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT trading pairs at 2024-08-30 08:00 (UTC).

Futures

• Binance Futures will close all positions and conduct an automatic settlement on the FRONTUSDT USDⓈ-M Perpetual Contracts at 2024-08-23 09:00 (UTC). The contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contract(s) starting from 2024-08-23 08:30 (UTC). 

• In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the FRONTUSDT USDⓈ-M Perpetual Contracts without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.

• At 2024-08-23 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the FRONTUSDT symbols.  

Margin

• Binance Margin will delist FRONT from Cross and Isolated Margin at 2024-08-23 10:00 (UTC). The FRONT/USDC and FRONT/USDT cross margin pairs, as well as the FRONT/BTC, FRONT/USDC, and FRONT/USDT isolated margin pairs will be removed from Margin. 

  • At 2024-08-20 06:00 (UTC), Binance Margin will suspend isolated margin borrowings on the aforementioned isolated margin pair(s). At 2024-08-23 10:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned isolated margin pair(s). These pair(s) will then be removed from isolated margin.

  • At 2024-08-20 06:00 (UTC), Binance Margin will suspend cross margin borrowings onFRONT. At 2024-08-23 10:00 (UTC), Binance Margin will cancel all pending orders on users’ cross margin accounts if they contain FRONT liabilities and/or assets. Binance Margin will then conduct an automatic settlement of any existing FRONT liabilities and thereafter transfer any remaining FRONT assets to users’ Spot Wallets. The cross margin pair(s) mentioned above will then be removed from cross margin.

• Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-08-23 10:00 (UTC). Binance will not be responsible for any potential losses.

• Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Wallets to their Spot Wallets and to top up their margin balance before 2024-08-23 10:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Wallet.

• All FRONT balances in Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from 2024-08-23 10:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information. 

• A separate announcement will be made for relisting. 

Loans

• At 2024-08-22 03:00 (UTC), Binance VIP Loan will close all outstanding loan positions for FRONT (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding FRONT loans before 2024-08-22 03:00 (UTC) to avoid any potential losses.

• Please refer to VIP Loan FAQ and VIP Loan Terms and Conditions for more information.

Earn 

• From 2024-08-26 03:00 (UTC), Binance Simple Earn will cease support for FRONT Simple Earn Flexible Products, and subscriptions will no longer be available. 

• For existing subscriptions, FRONT balances in Simple Earn Flexible Products, together with any accrued rewards, will be automatically redeemed and credited to users’ Spot Wallets after 2024-08-26 03:00 (UTC). Users may also choose to redeem their assets from FRONT Simple Earn Flexible anytime beforehand.

• Binance Simple Earn will assist impacted users by resubscribing for SLF Flexible Product, according to the above swap ratio after the event is complete. 

Binance Pay

• At 2024-08-23 03:00 (UTC), Binance will remove FRONT from the list of supported cryptocurrencies on Binance Pay.

Gift Card

• At 2024-08-27 03:00 (UTC), Binance will no longer support the creation of FRONT Gift Cards.

  • While users may proceed to redeem any unredeemed FRONT Gift Cards for FRONT tokens before 2024-08-27 03:00 (UTC), the redeemed tokens will be subject to automatic conversion to the SLF tokens.

  • After 2024-08-27 03:00 (UTC), all unredeemed FRONT Gift Cards will be automatically converted to the SLF tokens.

Convert

• Binance Convert will maintain a sell-only function for FRONT and all associated pairs from 2024-08-23 03:00 (UTC) to 2024-08-27 02:00 (UTC). Binance Convert will subsequently delist FRONT and all associated pairs at 2024-08-27 02:00 (UTC).

Binance Auto-Invest

• Binance Auto-Invest will delist FRONT after 2024-08-20 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.

Buy & Sell Crypto

• At 2024-08-23 03:00 (UTC), Buy & Sell Crypto will delist FRONT and all associated pairs.

Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Thank you for your support!

Binance Team

2024-08-19