Hello Binancian:
Binance will support token swap and rebranding of Frontier (FRONT) to Self Chain (SLF).
On August 27, 2024 at 03:00 (UTC), Binance will delist all FRONT Spot trading pairs (FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT) and cancel all pending Spot orders on FRONT. On August 30, 2024 at 08:00 (UTC), Binance will open trading for SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT trading pairs.
General
Deposits and withdrawals
On August 27, 2024 at 03:30 (UTC), deposits and withdrawals of FRONT tokens will be suspended. Please make sure to leave ample time for your FRONT token deposits to be fully processed before this date.
Once this change is complete, Binance will publish a new announcement to inform users when deposits and withdrawals of the new SLF tokens will be enabled.
Once the process is complete, deposits and withdrawals of FRONT tokens will no longer be allowed.
Binance will take care of all technical requirements for users involved in this process.
Please note that the total token supply will increase from 90,000,000 to 360,000,000 after the name change. Users can refer to the tokenomics and announcement of the project for more information.
Token Swap and Name Change
FRONT tokens will adopt the SLF ticker on Binance.
All FRONT tokens will be exchanged for SLF tokens at a ratio of 1 FRONT = 1 SLF.
Spot
At 2024-08-27 03:00 (UTC), Binance will delist and suspend trading of all spot pairs for FRONT.
The trading pairs that are removed are: FRONT/BTC, FRONT/TRY, FRONT/USDC and FRONT/USDT.
All trade orders will be automatically deleted after trading ceases on each respective pair.
Binance will terminate the Trading Bot services for the above-mentioned Spot pairs at 2024-08-27 03:00 (UTC), as appropriate. Users are strongly advised to upgrade or cancel their Trading Bots before the cessation of services to avoid potential losses.
The above-mentioned Spot pairs will be delisted from Spot Copy Trading on August 26, 2024 at 03:00 (UTC). After this date, all pending Spot trading pairs will be moved to the Spot wallet. Users are strongly advised to update or cancel their Spot Copy Trading wallets before August 26, 2024 at 03:00 (UTC) to avoid any potential losses.
Binance will open trading for SLF/BTC, SLF/TRY, SLF/USDC and SLF/USDT trading pairs at 2024-08-30 08:00 (UTC).
Margin
On August 23, 2024 at 10:00 (UTC), FRONT will be delisted from Binance Margin. The Isolated margin pairs FRONT/BTC, FRONT/USDC, and FRONT/USDT will be removed from margin trading.
At 06:00 on August 20, 2024 (UTC), Binance Margin will suspend Isolated margin lending for the above-mentioned Isolated margin pairs. Additionally, at 10:00 on August 23, 2024 (UTC), user positions will be closed, automatic liquidation will be performed, and all pending orders for the above-mentioned Isolated margin pairs will be cancelled. Finally, these pairs will be removed from Isolated margin trading.
Users will not be able to update their positions during this delisting process, and are strongly advised to close their positions or transfer their assets from the Margin wallet to the Spot wallet before the cessation of margin trading at 2024-08-23 10:00 (UTC). Binance will not be responsible for any potential losses.
Margin Wallet users are advised to transfer the above tokens from their Margin Wallet to their Spot Wallet and top up their Margin Balance if necessary before 2024-08-23 10:00 (UTC). Users should closely monitor the unified maintenance margin rate (uniMMR) to avoid potential liquidation resulting from the removal of tokens from the Margin Wallet.
All FRONT balances in the Cross Margin wallets of the Wallet Margin account will be automatically converted to USDT at 2024-08-23 10:00 (UTC). The conversion may take approximately 24 hours or more. Binance Margin is not responsible for any losses on new positions during this period due to the conversion of funds. Please refer to this FAQ for more information.
We will make a further announcement as to when they will be re-listed.
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 potential losses.
Please see VIP Loan FAQs and VIP Loan Terms and Conditions for more information.
Earn
Starting from 2024-08-26 03:00 (UTC), Binance Simple Earn will no longer support FRONT Flexible products and subscriptions will no longer be available.
For existing subscriptions, FRONT balances on Simple Earn Flexible products, along with any accumulated rewards, will be automatically refunded and credited to users’ Spot wallets after August 26, 2024, 03:00 (UTC). Users can also choose to redeem their FRONT from Simple Earn Flexible products at any time beforehand.
Binance Simple Earn will assist affected users to renew SLF subscriptions into Flexible products according to the swap ratio mentioned above once the process is completed.
Binance Pay
At 2024-08-23 03:00 (UTC), Binance will remove FRONT token from the list of supported cryptocurrencies on Binance Pay.
Gift Cards
At 2024-08-27 03:00 (UTC), Binance will stop supporting the creation of gift cards on FRONT.
While users have until August 27, 2024 at 03:00 (UTC) to redeem previously unredeemed gift cards on FRONT, these tokens will be subject to automatic conversion to the new SLF tokens.
After August 27, 2024 03:00 (UTC), all unredeemed gift cards in FRONT will be automatically converted to the new SLF tokens.
Convert
Binance Convert will maintain the 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 delist the FRONT token and all associated pairs at 2024-08-27 02:00 (UTC).
Binance Auto Investment
FRONT token will be delisted from Binance Auto Investment after 2024-08-20 03:00 (UTC). Users can choose to delete plans in advance. Otherwise, the next recurring cycle of such tokens will not occur.
Buying and selling cryptocurrencies
On August 23, 2024 at 03:00 (UTC), FRONT and all associated peers will be delisted from the cryptocurrency buying and selling service.
Note: There may be discrepancies between the translated version and the original English version. In case there are discrepancies, please refer to the original version for the most recent or accurate information.
Thank you for your support!
The Binance Team
19/8/2024
Note: This announcement was updated on 1/9/2024 to clarify the new total token supply following the name change.
