Binance, the main cryptocurrency alternate, has efficiently accomplished the token swap and redenomination of Stratis (STRAX) tokens. Deposits and withdrawals for the brand new STRAX tokens are actually open, and numerous companies equivalent to spot buying and selling, Binance Easy Earn, and margin buying and selling will assist the brand new tokens. The swap was performed at a ratio of 1 previous STRAX token to 10 new STRAX tokens. Binance customers can entry their assigned new STRAX token deposit addresses on the platform.
Binance introduced the completion of the Stratis (STRAX) token swap and redenomination on its official assist web page. The alternate confirmed that deposits and withdrawals for the brand new STRAX tokens are actually open, permitting customers to freely handle their STRAX holdings.
To facilitate the transition, Binance has made a number of companies out there for the brand new STRAX tokens. Spot buying and selling for the STRAX/BTC, STRAX/USDT, and STRAX/TRY buying and selling pairs opened at 08:00 (UTC) on the completion date. This gives customers with the chance to commerce the brand new tokens on the spot market.
Moreover, Binance Easy Earn, a platform that permits customers to earn passive earnings on their crypto holdings, has added STRAX as one of many supported property. Customers can now subscribe to STRAX Versatile Merchandise and earn rewards.
Margin merchants may make the most of the brand new STRAX tokens. Binance will add STRAX as a borrowable asset on Cross and Remoted Margin, in addition to introduce the STRAX/USDT pair on Cross and Remoted Margin at 13:00 (UTC) on the completion date. This enables merchants to leverage their STRAX holdings and doubtlessly enhance their buying and selling income.
Moreover, Binance Loans (Versatile Price) will assist STRAX as a brand new borrowable asset ranging from 08:00 (UTC) on the next day. Customers can make the most of their STRAX holdings as collateral to safe instantaneous loans.
It is necessary to notice that the token swap and redenomination had been performed at a ratio of 1 previous STRAX token to 10 new STRAX tokens. Binance customers can view the token distribution historical past and procure their assigned new STRAX token deposit addresses by means of the offered hyperlinks.
Deposits and withdrawals of the previous STRAX tokens will not be supported, so customers are suggested to transition to the brand new tokens to make sure seamless buying and selling and entry to Binance’s companies.
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