• Binance Announces Frontier Token Swap Support and Rebranding to Self Chain (SLF).
• FRONT price increased by 20% after Binance announced the name change.
• SLF trading pairs will replace FRONT pairs on Binance starting August 30, 2024.

Binance, a leading cryptocurrency exchange, has announced that it supports the token swap and rebranding of Frontier (FRONT) to Self Chain (SLF).

This strategic move by Binance marks another important step in its ongoing efforts to support the evolution and restructuring of altcoin projects. The news has already caused a notable increase in FRONT’s price and trading volumes, reflecting growing investor interest and confidence.

Binance Approves Frontier (FRONT) Name Change

In an announcement released on August 27, 2024, Binance confirmed its support for the Frontier token swap and rebranding, changing the name to Self Chain (SLF).

This decision is part of Binance’s broader strategy to foster innovation and support altcoin projects during critical phases such as rebranding and restructuring.

As part of this transition, Binance will delist all existing FRONT spot trading pairs, including FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT, on 2024-08-27 03:00 (UTC), paving the way for the new SLF trading pairs.

The new pairs, SLF/BTC, SLF/TRY, SLF/USDC and SLF/USDT, will be available for trading from August 30, 2024.

Impact on the market

The announcement had an immediate impact on the price of Frontier’s native token, which rose 20% following the announcement.

Within minutes, the price jumped from $0.64 to $0.8188, before stabilizing at $0.7216 at the time of publication. This surge was accompanied by a significant increase in both market volume, which surpassed $68 million, and trading volume, which saw a 187% increase to over $31.9 million.

Binance’s positive recovery from last year’s uncertainties, marked by increased transparency and a renewed focus on institutional policy alignment, has cemented Binance as a major player in the crypto industry. The support for the Frontier (FRONT) token swap and rebranding is a significant development for the altcoin.