Binance, one of the world’s leading cryptocurrency exchanges, has successfully completed the token swap and rebranding of Frontier (FRONT) to Self Chain (SLF), as per an official announcement.

Token Swap and Rebranding Details

The token swap was conducted at a 1:1 ratio, meaning each FRONT token was converted into one SLF token. Binance has opened deposits and withdrawals for the new SLF tokens. Additionally, spot trading pairs for SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT are now live on the platform, effective from August 30, 2024, at 08:00 UTC.

Impact on Users

Users with active Spot Copy Trading portfolios can include the new SLF pairs by enabling them in the Personal Pair Preference section of the Spot Copy Trading settings. Additionally, users can view their token distribution history and obtain their assigned SLF token deposit addresses through their Binance wallets.

Important Notes

• The token distribution was executed at a ratio of 1 FRONT = 1 SLF.
• Users can deposit old FRONT tokens and swap them for new SLF tokens using Binance’s convert function.
• Withdrawals of old FRONT tokens are no longer supported.

It is important to note that there may be discrepancies in translated versions of the announcement. Users are advised to refer to the original English version for the most accurate information.

Market Context

This move comes at a time when Binance is actively working on enhancing its platform’s functionality and user experience. The rebranding and token swap are part of Binance’s broader strategy to streamline its services and provide more robust trading options for its users. The introduction of new trading pairs is expected to increase liquidity and offer more trading opportunities for Binance’s user base.

For more information, users can visit the official Binance announcement page.

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