Cryptocurrency trade Binance once more echoed a buzz throughout the broader market on Friday, revealing plans to assist the Ethernity Chain token swap and rebranding. Within the midst of the crypto trade big’s newest market assist, the ETH Layer 2 platform with AI capabilities noticed its native token ERN value skyshot practically 30%.
Binance Unveils Assist 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 assist for the ERN token swap and rebranding. As per the announcement, the trade will assist the revamping of the Ethernity Chain to Epic Chain (EPIC).
Right here’s What Merchants Ought to Know:
Notably, all present ERN spot buying and selling pairs can 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 start 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 will make a separate announcement to inform customers when withdrawals for the brand new rebranded token have opened. Ethernity Chain tokens will not be supported after the token swap occasion concludes.
“All ERN tokens can be swapped to EPIC at a ratio of 1 ERN = 1 EPIC,” the main crypto trade clarified. Buying and selling bot companies and spot copy buying and selling companies on the platform may also be impacted accordingly.
What Different Binance Buying and selling Companies Will Cease For ERN?
Additionally, the crypto trade will remove ERN from Cross and Remoted Margin choices on March 6 at 06:00 UTC. Nevertheless, efficient instantly, customers will not be capable of switch any quantity associated to ERN Cross and Remoted Margin into their Margin account.
Moreover, Versatile Charges and VIP Mortgage companies for a similar are to be knocked off on March 6 at 03:00 UTC. Beginning March 7 at 03:00 UTC, Easy Earn companies 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 mission’s official announcement.
ERN Value Shoots Up 30%
Amid the CEX’s enhanced market assist, ERN value witnessed a 31% uptick in worth, exchanging palms at $1.67. The coin hit a backside and a peak of $1.18 and $1.80 prior 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 latest developments. Enhanced market assist by main crypto trade giants typically propels a bullish impression on value.
In one other related chronicle, KAITO emerged because the latest buzz of the crypto market because it secured a stockpile of listings on Coinbase and Binance. In flip, the crypto witnessed an exceptional value rally, sparking related investor optimism over the Ethernity Chain (ERN) token swap and rebranding.
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