Cryptocurrency trade Binance once more echoed a buzz throughout the broader market on Friday, revealing plans to help the Ethernity Chain token swap and rebranding. Within the midst of the crypto trade big’s newest market help, the ETH Layer 2 platform with AI capabilities noticed its native token ERN value skyshot practically 30%.
Binance Unveils Help For Ethernity Chain Token Swap; Right here’s All You Want To Know
In an official launch dated February 28, Binance revealed that it’s extending help for the ERN token swap and rebranding. As per the announcement, the trade will help the revamping of the Ethernity Chain to Epic Chain (EPIC).
Right here’s What Merchants Ought to Know:
Notably, all current ERN spot buying and selling pairs will probably be worn out on March 10 at 03:00 UTC. Additional, the trade may also cancel all pending spot buying and selling orders for a similar.
Subsequently, the crypto buying and selling platform will begin buying and selling for EPIC/USDT buying and selling pairs beginning March 13 at 08:00 UTC.
What’s Extra?
Deposits and withdrawals of ERN tokens are to be suspended beginning March 10 at 03:30 UTC. Additional, deposits for EPIC tokens will begin on March 13 at 07:00 UTC.
Binance additionally notified customers that it might make a separate announcement to inform customers when withdrawals for the brand new rebranded token have opened. Ethernity Chain tokens will now not be supported after the token swap occasion concludes.
“All ERN tokens will probably be swapped to EPIC at a ratio of 1 ERN = 1 EPIC,” the leading crypto exchange clarified. Buying and selling bot providers and spot copy buying and selling providers on the platform may also be impacted accordingly.
What Different Binance Buying and selling Companies Will Cease For ERN?
Additionally, the crypto trade will get rid of ERN from Cross and Remoted Margin choices on March 6 at 06:00 UTC. Nonetheless, efficient instantly, customers will now not be capable of switch any quantity associated to ERN Cross and Remoted Margin into their Margin account.
Moreover, Versatile Charges and VIP Mortgage providers for a similar are to be knocked off on March 6 at 03:00 UTC. Beginning March 7 at 03:00 UTC, Easy Earn providers and subscriptions may also be eliminated for the previous token. For extra particulars on the token swap and rebranding saga, merchants can transfer on to the crypto project’s official announcement.
ERN Value Shoots Up 30%
Amid the CEX’s enhanced market help, ERN value witnessed a 31% uptick in worth, exchanging arms at $1.67. The coin hit a backside and a peak of $1.18 and $1.80 up to now 24 hours. Merchants additionally seem to have reacted positively to the token swap and rebranding announcement, as signaled by a whopping 514% surge within the asset’s intraday buying and selling quantity to $41.58 million.
Total, the broader market sentiment surrounding the ETH Layer 2 platform with AI capabilities seems to be optimistic amid current developments. Enhanced market help by main crypto trade giants typically propels a bullish impression on value.
In one other related chronicle, KAITO emerged because the current buzz of the crypto market because it secured a stockpile of listings on Coinbase and Binance. In flip, the crypto witnessed an outstanding value rally, sparking related investor optimism over the Ethernity Chain (ERN) token swap and rebranding.
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