Binance, the main cryptocurrency change, has efficiently accomplished the token swap and redenomination of Stratis (STRAX) tokens. Deposits and withdrawals for the brand new STRAX tokens at the moment are open, and varied companies similar to spot buying and selling, Binance Easy Earn, and margin buying and selling will help the brand new tokens. The swap was carried out at a ratio of 1 outdated STRAX token to 10 new STRAX tokens.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 help web page. The change confirmed that deposits and withdrawals for the brand new STRAX tokens at the moment are open, permitting customers to freely handle their STRAX holdings.
To facilitate the transition, Binance has made a number of companies obtainable 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 offers 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 revenue 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 can even 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 permits merchants to leverage their STRAX holdings and probably improve their buying and selling income.
Moreover, Binance Loans (Versatile Charge) will help 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 immediate loans.
It is essential to notice that the token swap and redenomination have been carried out at a ratio of 1 outdated STRAX token to 10 new STRAX tokens. Binance customers can view the token distribution historical past and acquire their assigned new STRAX token deposit addresses via the offered hyperlinks.
Deposits and withdrawals of the outdated STRAX tokens will not be supported, so customers are suggested to transition to the brand new tokens to make sure seamless buying and selling and entry to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.
Picture supply: Shutterstock
