Dear user:
Binance will support the Render (RNDR) token swap and brand upgrade to Render (RENDER).
Binance will stop trading and delist all existing (RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR and RNDR/BRL) spot trading pairs at 11:00 a.m. ET on July 22, 2024, and will automatically cancel all pending orders;
Binance will open spot trading for RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR and RENDER/BRL at 16:00 (ET) on July 26, 2024.
General
Deposit and Withdrawal
Binance will suspend the deposit and withdrawal of Render (RNDR) tokens at 11:30 (ET) on July 22, 2024. Note: RNDR tokens deposited after this date will not be credited to your account, please deposit in advance;
Binance will make a separate announcement after the token swap and brand upgrade plan is completed;
After the token swap and brand upgrade plan is completed, Binance will no longer support the deposit and withdrawal of RNDR tokens.
Binance will assist users who hold RNDR tokens in their Binance accounts with any technical issues involved;
Users can refer to Project Announcement for more information.
Token Swap Details
Binance will adopt RENDER as the RNDR token code;
All RNDR tokens will be exchanged for RENDER tokens at a ratio of 1 RNDR = 1 RENDER.
Spot goods
Binance will stop trading and delist all existing RNDR spot trading pairs at 11:00 a.m. ET on July 22, 2024.
The trading pairs that will be removed are RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR and RNDR/BRL;
After each trading pair stops trading, all pending orders will be automatically cancelled;
Binance will terminate the trading robot service for the above spot trading pairs (if applicable) at 11:00 (ET) on July 22, 2024. Users are strongly recommended to update and/or cancel the trading robot before the above trading robot service is terminated to avoid any potential losses;
Binance Spot Copy Trading will delist the above spot trading pairs at 11:00 (ET) on July 21, 2024. After that, any outstanding spot trading pairs will be forced to sell at market price. Users are strongly recommended to update or cancel their spot copy trading portfolio before 11:00 (ET) on July 21, 2024 to avoid potential losses;
Binance will open spot trading for RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR and RENDER/BRL at 16:00 (ET) on July 26, 2024.
contract
Binance Futures will automatically liquidate RNDRUSDT U-margined Perpetual Contracts at 17:00 (ET) on July 16, 2024, and delist RNDRUSDT U-margined Perpetual Contracts trading pairs after liquidation. From 16:30 (ET) on July 16, 2024, users will not be able to add new positions in RNDRUSDT U-margined Perpetual Contracts;
In order to protect the rights and interests of users and reduce potential risks in extreme market conditions, Binance Futures may take additional protective measures for RNDRUSDT U-margin perpetual contracts without further announcement. Potential protective measures include but are not limited to adjusting leverage and margin (including the maximum leverage multiples, position limits, and maintenance margin rates for each level), adjusting funding rates (including base interest rates, premium indexes, and rate caps), changing price index components, or using the "latest transaction price protection mechanism" to update the mark price. The time of re-launch will be notified separately;
Starting from 17:00 (ET) on July 16, 2024, the Binance Funding Rate Arbitrage Robot will close all arbitrage strategies for RNDRUSDT trading pairs and perform automatic settlement.
lever
Binance Leverage will suspend RNDR/BTC, RNDR/USDC, RNDR/USDT full margin and RNDR/BTC, RNDR/USDT isolated margin trading pairs at 14:00 (UTC) on July 17, 2024.
Binance Leverage will suspend isolated margin lending for the above-mentioned pairs at 14:00 (ET) on July 12, 2024.
Binance Margin will automatically close and liquidate all cross-margin and isolated margin positions of the above-mentioned pairs at 14:00 (ET) on July 17, 2024, and cancel all pending orders of users on the above-mentioned trading pairs. After that, the above-mentioned trading pairs will be removed from the Margin platform.
During the delisting process, users will not be able to update their positions. Users are strongly advised to close their positions and/or transfer assets from their margin wallets to their spot wallets before the above trading pairs are delisted, i.e. before 14:00 (ET) on July 17, 2024. Binance will not be responsible for any potential losses.
It is recommended that users of Binance unified accounts transfer the above tokens from their margin accounts to their spot accounts and replenish their margin balances (if applicable) before 14:00 (ET) on July 17, 2024. Users should closely monitor the maintenance margin ratio (Uni-MMR) of their unified accounts to avoid any potential liquidations that may result from the removal of RNDR from their margin wallets;
Starting from 14:00 (ET) on July 17, 2024, users who enable the unified account mode will have their RNDR balance in their full-margin leverage wallet automatically converted to USDT. The conversion process will take about 24 hours or longer. Binance will not be responsible for any losses that may occur from new positions opened during the asset conversion process. For more information, please refer to FAQ;
The time of re-launch will be announced separately.
Pledged currency
Binance pledged loans (current and fixed rates) and VIP loans will remove RNDR from the loanable and collateralized currencies starting at 11:00 (ET) on July 17, 2024, and automatically close and liquidate outstanding orders of the above currencies as loan or collateral currencies. Users are strongly recommended to repay the loans before 11:00 (ET) on July 17, 2024 to avoid potential losses;
Please refer to Binance Collateral Loans (Demand Rate and Fixed Rate), Binance VIP Loans FAQs for more information. Please refer to Binance Collateral Loans and VIP Loans Terms and Conditions for more details.
Financial Management
Binance will stop providing RNDR current products from 11:00 on July 19, 2024 (GMT+8), and users will no longer be able to subscribe.
The RNDR current product positions held by users on the Binance Guaranteed Earning Coin platform will be automatically redeemed after 11:00 (ET on July 19, 2024) and returned to the user's spot wallet together with the accumulated rewards. Users can also choose to redeem their RNDR assets from the Guaranteed Earning Coin current product before 11:00 (ET on July 19, 2024);
After the token swap is completed, Binance Capital Guarantee will assist users in purchasing RENDER current products of corresponding positions according to the above swap ratio;
Binance Payment
Binance Payment will remove RNDR at 11:00 on July 22, 2024 (ET8).
gift card
Binance will stop supporting RNDR gift card creation services at 11:00 (ET) on July 22, 2024.
Users can redeem RNDR gift cards before 11:00 (ET) on July 22, 2024, but the RNDR tokens redeemed by users may be automatically replaced with new RENDER tokens;
After 11:00 (ET) on July 22, 2024, all unredeemed RNDR gift cards will be automatically replaced with new RENDER tokens.
Instant Exchange
The above tokens will be available for sale only on Binance Flash Exchange from 11:00 (ET) on July 18, 2024 to 10:00 (ET) on July 22, 2024. Binance Flash Exchange will delist the above tokens and all related trading pairs at 10:00 (ET) on July 22, 2024.
Fixed investment
Binance will remove RNDR at 11:00 (ET) on July 16, 2024. Users can choose to cancel the plan early. Otherwise, the next cycle of the token will fail.
One-click buying and selling of coins
Binance will remove RNDR and all related trading pairs from the one-click buy & sell exchange at 11:00 a.m. ET on July 18, 2024.
Note: There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.
Thank you for your support!
Binance Team
July 10, 2024
