(Wed 10 July 2024, 07:25 AM GMT):
In an important update for the Render cryptocurrency community, Binance, the world’s leading crypto exchange, has announced its support for the token swap and rebranding of Render $RNDR to Render (RENDER).
What’s Happening?
Binance will halt trading and delist all existing Render (RNDR) spot trading pairs on July 22, 2024, at 11:00 AM (Eastern Time Zone 8). This includes RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR, and RNDR/BRL pairs. All pending orders will be automatically canceled at that time.
After a brief pause, Binance will reopen trading for the newly rebranded Render (RENDER) pairs on July 26, 2024, at 4:00 PM (Eastern Time Zone 8). The new trading pairs will include RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL.
What is Render Network?
Render Network is a blockchain-based project that allows users to contribute unused GPU power to help with rendering motion graphics and visual effects. This decentralized network harnesses the power of idle GPUs to provide efficient and cost-effective rendering solutions, benefiting both the contributors and the users of the rendered graphics.
Important Dates
- July 22, 2024, 11:00 AM (ET Zone 8): RNDR trading pairs delisted, and all pending orders canceled.
- July 26, 2024, 4:00 PM (ET Zone 8): RENDER trading pairs open for trading.
This rebranding and token swap are expected to streamline operations and enhance the overall functionality and branding of the Render Network. Users and investors should take note of these important dates to ensure they manage their assets accordingly during the transition period.
For futures trading, Binance will close all positions and conduct automatic settlements on RNDRUSDT USDⓈ-M Perpetual Contracts on July 16, 2024, at 09:00 (UTC). Users are advised to close any open positions before this time to avoid automatic settlement.
Margin trading will also be affected, with RNDR/BTC, RNDR/USDC, and RNDR/USDT cross margin pairs, and RNDR/BTC and RNDR/USDT isolated margin pairs being delisted on July 17, 2024, at 06:00 (UTC). Users are advised to close their positions and transfer assets from Margin Wallet to Spot Wallet before the cessation to avoid potential losses.
To get more updates, visit us at : https://coinsprobe.com/
To read official announcement from Binance, visit here: Render Announcement