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. In the midst of the crypto trade large’s newest market support, the ETH Layer 2 platform with AI capabilities noticed its native token ERN worth skyshot almost 30%.
Binance Unveils Support For Ethernity Chain Token Swap; Here’s All You Need 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).
Here’s What Traders Should Know:
Notably, all present ERN spot buying and selling pairs shall be worn out on March 10 at 03:00 UTC. Further, the trade will even 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 More?
Deposits and withdrawals of ERN tokens are to be suspended beginning March 10 at 03:30 UTC. Further, deposits for EPIC tokens will begin on March 13 at 07:00 UTC.
Binance additionally notified customers that it could 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 will be swapped to EPIC at a ratio of 1 ERN = 1 EPIC,” the leading crypto exchange clarified. Trading bot providers and spot copy buying and selling providers on the platform will even be impacted accordingly.
What Other Binance Trading Services Will Stop For ERN?
Also, the crypto trade will get rid of ERN from Cross and Isolated Margin choices on March 6 at 06:00 UTC. However, efficient instantly, customers will not be capable to switch any quantity associated to ERN Cross and Isolated Margin into their Margin account.
Additionally, Flexible Rates and VIP Loan providers for a similar are to be knocked off on March 6 at 03:00 UTC. Starting March 7 at 03:00 UTC, Simple Earn providers and subscriptions will even 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 Price Shoots Up 30%
Amid the CEX’s enhanced market assist, ERN worth 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. Traders 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.
Overall, the broader market sentiment surrounding the ETH Layer 2 platform with AI capabilities seems to be optimistic amid current developments. Enhanced market assist by main crypto trade giants usually propels a bullish impression on worth.
In one other comparable 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 worth rally, sparking comparable investor optimism over the Ethernity Chain (ERN) token swap and rebranding.
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