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

Binance announces support for Frontier (FRONT) token swap and rebranding to Self Chain (SLF), affecting trading pairs and futures contracts.

Major cryptocurrency exchange Binance has announced support for the Frontier (FRONT) token swap and rebranding to Self Chain (SLF). This move will affect various trading pairs and services on the platform.

As per an announcement by Binance on Friday, August 19, the exchange will fully support the FRONT token swap and rebranding to SLF, which will impact several trading pairs and services on Binance.

Here are the details of the token swap:

Starting on August 27, 2024, at 03:00 UTC, Binance will gradually delist all existing FRONT spot trading pairs, including FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT. At the same time, all pending FRONT spot trading orders will be canceled. 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.

Meanwhile, deposits and withdrawals of FRONT tokens will be suspended on August 27, 2024, at 03:30 UTC. Users are advised to ensure that 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.

The impact on Binance trading services is as follows:

– 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 rolled over and credited to users’ Spot Wallets. Post-swap, Binance will assist users in resubscribing to SLF Flexible Products.

Binance adds that it 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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