Upon finishing the token rebranding process, Binance will roll out USDC airdrops to eligible FRONT and SLF token holders.
In Brief
In an exciting development, Binance will be crediting USDC to users who qualify and currently hold FRONT and SLF tokens. This generous airdrop is facilitated by the Self Chain's team as part of their community engagement strategy.
Cryptocurrency exchange Binance In light of feedback from the community, it was revealed that adjustments would be made to the total availability of SLF tokens post-brand upgrade. Specifically, eligible users holding FRONT and SLF tokens will receive USDC tokens from the initiative led by the SLF team.
On August 28th, a snapshot of FRONT holdings was recorded at 00:00 UTC, capturing users' balances in both Spot and Funding Wallets, while the SLF holdings were documented during a snapshot taken on September 2nd, factoring in balances across Spot, Funding, Margin, and Earn Wallets.
Individuals who held FRONT and or SLF Users who maintain their tokens in Binance Wallets during the snapshot periods will benefit from an airdrop of USDC, funded by a pool totaling 1 million tokens. The allocation will correspond to the user's holdings as documented at the time of the snapshots.
During August, Binance announced its support of the rebranding effort for Frontier's token. This included the delisting of existing FRONT trading pairs and the cancellation of active spot trades. New trading orders for SLF pairs were introduced, allowing for a seamless token swap at a one-to-one conversion rate. Self Chain The rebranding initiative originated from a proposal by Frontier that garnered unanimous approval, with all votes in favor earlier this year. This successful transformation led to the merger between Frontier and Hot Cross, culminating in the creation of Self Chain. The aim of this innovative new Layer 1 blockchain is to establish a Modular Intent-Centric Access Layer paired with a Keyless Wallet Infrastructure, effectively addressing ongoing challenges tied to cryptocurrency wallet management.
Binance is excited to announce the launch of BNSOL as part of its staking offerings on the Solana network.
Renowned as a leading cryptocurrency exchange, Binance enables trades with over 350 various cryptocurrencies and digital tokens. It is celebrated for its competitive transaction fees and robust liquidity options, catering to a diverse range of users.
Binance The anticipated introduction of Binance’s SOL Staking product will allow users to stake their SOL tokens while retaining control and flexibility through Binance Staked SOL (BNSOL), a liquid staking token that symbolizes their staked assets.
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