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Bitcoin Exchange Binance Announces It Will Support Token Swapping and Revaluation of This Altcoin!

source-logo  en.bitcoinsistemi.com 08 March 2024 11:34, UTC

Binance, one of the leading cryptocurrency exchanges, announced that it supports the upcoming token swap and revaluation plan for Stratis (STRAX), a blockchain platform designed for enterprise-level solutions.

Binance Announces Support for Stratis (STRAX) Token Swap and Renomination Plan

General Information:

Deposit and Withdrawal Transactions:

Deposits and withdrawals of old STRAX tokens will be suspended starting from 20-03-2024 06:30.

Binance will issue a separate announcement upon completion of the event to inform users about the reopening of deposits and withdrawals for the new STRAX tokens.

Token Swap and Renomination:

All old STRAX tokens will be swapped for new STRAX tokens at a ratio of 1:10.

Binance Futures will suspend trading for the USDⓈ-M STRAXUSDT Perpetual Contract on 15-03-2024 11:30, followed by automatic settlement and delisting.

Margin trading for STRAX/USDT and STRAX/BTC pairs will be stopped on 15-03-2024 09:00, positions will be closed and orders will be cancelled.

Spot Trading:

STRAX spot trading pairs (STRAX/BTC, STRAX/USDT and STRAX/TRY) will be delisted on 20-03-2024 09:00 and trading bot services will also be terminated where appropriate.

Trading for STRAX spot trading pairs will resume on 28-03-2024 11:00, with the removal of the old candlestick charts for STRAX trading pairs.

*This is not investment advice.