Dear user:
Binance will support Frontier (FRONT) token swap and brand upgrade to Self Chain (SLF).
Binance will stop trading and delist all existing FRONT spot trading pairs (FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT) at 11:00 (ET) on August 27, 2024, and will automatically cancel all pending orders. Binance will open SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT spot trading at 16:00 (ET) on August 30, 2024.
General
Deposit and Withdrawal
Binance will suspend the deposit and withdrawal of FRONT tokens at 11:30 (ET) on August 27, 2024. Note: FRONT tokens deposited after this date will not be credited to your account. Please deposit in advance.
Binance will announce the opening time for SLF token deposit and withdrawal after the token swap and brand upgrade are completed;
After the token swap and brand upgrade are completed, Binance will no longer support withdrawals of FRONT tokens.
Binance will assist users who hold FRONT tokens in their Binance accounts with any technical issues involved;
Users can refer to Project Announcement for more information.
Token swap and brand upgrade
Binance will use SLF as the ticker for the new FRONT token;
All FRONT tokens will be exchanged for SLF tokens at a ratio of 1 FRONT = 1 SLF.
Spot goods
Binance will stop trading and delist all existing FRONT spot trading pairs at 11:00 a.m. ET on August 27, 2024.
The trading pairs that will be removed are: FRONT/BTC, FRONT/TRY, FRONT/USDC and FRONT/USDT;
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 at 11:00 (ET) on August 27, 2024, where applicable. 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 August 26, 2024. After that, any outstanding spot trading pairs will be transferred to the spot account. Users are strongly recommended to update or cancel their spot copy trading portfolio before 11:00 (ET) on August 26, 2024 to avoid potential losses;
Binance will open spot trading of SLF/BTC, SLF/TRY, SLF/USDC and SLF/USDT at 16:00 (ET) on August 30, 2024.
contract
Binance Futures will automatically liquidate FRONTUSDT U-margined Perpetual Contracts at 17:00 (ET) on August 23, 2024, and will delist FRONTUSDT U-margined Perpetual Contracts after the liquidation is completed. From 16:30 (ET) on August 23, 2024, users will not be able to add new positions in FRONTUSDT 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 FRONTUSDT 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 August 23, 2024, the Binance Funding Rate Arbitrage Robot will close all arbitrage strategies for FRONTUSDT trading pairs and perform automatic settlement.
lever
Coin safe positions and isolated leverage will be removed from FRONT at 18:00 (ET on August 23, 2024). FRONT/USDC, FRONT/USDT full leverage trading pairs and FRONT/BTC, FRONT/USDC, FRONT/USDT isolated leverage trading pairs will be removed from the leverage platform;
Binance Margin Trading Platform will suspend isolated margin lending for the above-mentioned pairs at 14:00 (ET) on August 20, 2024. Binance Margin will automatically close and liquidate isolated margin positions for the above-mentioned pairs at 18:00 (ET) on August 23, 2024, and cancel all pending orders of users for the above-mentioned trading pairs. After that, the above-mentioned trading pairs will be removed from the isolated margin platform;
Binance Margin Trading will suspend the full margin lending business for the above-mentioned currency pairs at 14:00 (GMT+8) on August 20, 2024. If the user holds FRONT liabilities and/or assets in the full margin account, Binance Margin Trading will cancel all pending orders under the full margin at 18:00 (GMT+8) on August 23, 2024, automatically close and liquidate the FRONT positions of the full margin, and transfer the remaining FRONT assets to the spot wallet. After that, the above-mentioned trading pairs will be removed from the full margin platform;
During the delisting process, users will not be able to update their positions. It is strongly recommended that users 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 18:00 (ET) on August 23, 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 18:00 (ET) on August 23, 2024. Users should closely monitor the maintenance margin ratio (uniMMR) of their unified accounts to avoid any potential liquidations that may result from the removal of the above trading pairs from their margin wallets;
Starting from 18:00 (GMT+8) on August 23, 2024, users who enable the unified account mode will have their FRONT balance in their full-margin leverage wallet automatically converted to USDT. The conversion process will take approximately 24 hours or longer. Binance will not be responsible for any losses that may occur from new positions created during the asset conversion process. For more information, please refer to FAQ;
The time of re-launch will be announced separately.
Pledged currency
Binance VIP Loans will remove FRONT from the loanable and collateralized currencies at 11:00 (ET) on August 22, 2024, and automatically close and liquidate outstanding orders of the above currencies as loan or collateral currencies. Users are strongly recommended to repay the loaned currencies before 11:00 (ET) on August 22, 2024 to avoid potential losses;
Please refer to Binance VIP Loan FAQ and VIP Loan Terms and Conditions for more information.
Financial Management
Binance will stop providing FRONT current products at 11:00 (ET) on August 26, 2024, and users will no longer be able to subscribe.
The FRONT current product positions held by users on Binance’s principal-guaranteed earning platform will be automatically redeemed after 11:00 (ET) on August 26, 2024, and returned to the user’s spot wallet along with the accumulated rewards. Users can also choose to redeem their FRONT assets from the principal-guaranteed earning current product before then.
After the token swap is completed, Binance Capital Guarantee will assist users in subscribing to SLF current products of corresponding positions according to the above swap ratio.
Binance Payment
Binance Payment will remove FRONT at 11:00 on August 23, 2024 (GMT+8).
Gift Cards
Binance will stop supporting FRONT gift card creation at 11:00 AM (ET) on August 27, 2024.
Users can redeem FRONT gift cards before 11:00 (GMT+8) on August 27, 2024, but the FRONT tokens redeemed by users may be automatically replaced with new SLF tokens;
After 11:00 (ET) on August 27, 2024, all unredeemed FRONT gift cards will be automatically exchanged for new SLF tokens.
Instant Exchange
The above tokens will be available for sale only on Binance Flash Exchange from 11:00 (ET) on August 23, 2024 to 10:00 (ET) on August 27, 2024. Binance Flash Exchange will delist the above tokens and all related trading pairs at 10:00 (ET) on August 27, 2024.
Fixed investment
Binance will remove FRONT from the program at 11:00 (ET) on August 20, 2024. Users can choose to cancel the program early. Otherwise, the next cycle of the token will fail.
One-click buying and selling of coins
Binance will remove FRONT and all related trading pairs from the one-click buy & sell exchange at 11:00 AM (ET) on August 23, 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
August 19, 2024
