- Binance proclaims help for Frontier token swap and rebranding to Self Chain (SLF).
- FRONT price surged 20% following the rebranding announcement by Binance.
- SLF buying and selling pairs to switch FRONT pairs on Binance from August 30, 2024.
Binance, a number one cryptocurrency trade, has introduced its help for the token swap and rebranding of Frontier (FRONT) to Self Chain (SLF).
This strategic transfer by Binance marks one other important step in its ongoing efforts to help the evolution and restructuring of altcoin tasks. The information has already triggered a notable surge in FRONT’s price and buying and selling volumes, reflecting rising investor curiosity and confidence.
Binance approves Frontier (FRONT) identify change
In an announcement issued on August 27, 2024, Binance has confirmed its help for the Frontier token swap and rebranding, renaming it as Self Chain (SLF).
This determination is a part of Binance’s broader technique to foster innovation and help altcoin tasks by way of crucial phases like rebranding and restructuring.
As a part of this transition, Binance will delist all current FRONT spot buying and selling pairs, together with FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT, on 2024-08-27 03:00 (UTC), to pave the way in which for the brand new SLF buying and selling pairs.
The brand new pairs, SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT, will change into out there for buying and selling on August 30, 2024.
Market affect
The announcement had a direct affect on the price of Frontier’s native token, which surged by 20% after the announcement.
Inside minutes, the price jumped from $0.64 to $0.8188, earlier than stabilizing at $0.7216 at press time. This surge was accompanied by a major improve in each market quantity, which exceeded $68 million, and buying and selling quantity, which noticed a 187% rise to over $31.9 million.
Binance’s optimistic restoration from final yr’s uncertainties, marked by elevated transparency and a renewed deal with aligning with institutional insurance policies, has bolstered its place as a key participant within the crypto trade and its help for the Frontier (FRONT) token swap and rebranding is a major growth for the altcoin.