#BTC #front (Binance) is about to complete the exchange of Frontier (FRONT) tokens and upgrade them to SELF. This process will first start when the mainnet goes online after the testnet has concluded testing, when FRONT in the on-chain wallet will be supported to be converted into SELF tokens. Subsequently, centralized exchanges (CEX) will support this token swap process, which is expected to happen in the coming days.
In previous similar cases, such as the name change and replacement of GFT and PDA, there was usually a time window of about 10 days from Binance's announcement to the official delisting of spot and futures to the listing of new coins. During this window period, the price of new currencies often increases significantly, and the increase may be between 2 and 5 times. Considering that FRONT has already experienced a significant price increase and is currently pulling back to about 1x, this may mean that there is room for further gains after SELF is officially launched.
For investors, this is an event worth watching. Conservative investors may choose to buy FRONT tokens after Binance announces the currency exchange information and sell them before the new currency is launched to ensure profits. More aggressive investors may choose to trade SELF within a few minutes after the new currency is launched to gain short-term profits by betting on higher prices. As you mentioned, in the previous case of GTO being replaced by GFT, investors made a 60-point profit in the early stage and an additional 50-point profit when the market opened higher.
In short, regarding the exchange of FRONT to SELF, investors should pay close attention to Binance’s official announcement and make corresponding decisions based on their own risk tolerance and investment strategy. At the same time, it should be noted that the cryptocurrency market is highly volatile and investment decisions should be made with caution and taking into account possible risks.