- Binance has announced its support for the token swap and rebranding of the Render (RNDR) token to Render (RENDER).
- The transition will involve delisting current RNDR trading pairs and introducing new RENDER trading pairs.
- This shift marks a significant development in the Render ecosystem, reflecting its growth and strategic advancements.
Explore the upcoming token swap and rebrand of Render (RNDR) to Render (RENDER) on Binance, ensuring you’re prepared for key dates and changes.
Binance Supports Render (RNDR) Token Swap and Rebranding
Binance, one of the world’s leading cryptocurrency exchanges, has officially announced its endorsement of the Render (RNDR) token swap and subsequent rebranding to Render (RENDER). This process will encompass the delisting of existing RNDR spot trading pairs and the introduction of new pairs under the RENDER ticker.
Key Dates and Actions for Users
On July 22, 2024, at 06:00, Binance will commence the delisting of all current RNDR spot trading pairs, including RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR, and RNDR/BRL. Users should note that all pending RNDR spot trade orders will be canceled at this time.
Furthermore, at 06:30 on the same day, deposits and withdrawals for RNDR will be suspended. Binance advises users to ensure their RNDR deposits are completed before this cut-off time. Trading for new RENDER pairs will commence on July 26, 2024, at 11:00, including RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL.
Technical Details and Implications
The token swap will be executed on a 1:1 ratio, with users receiving an equivalent amount of RENDER tokens for their existing RNDR holdings. Post-swap, Binance will no longer support deposits and withdrawals of RNDR tokens, emphasizing the complete transition to RENDER.
Binance is committed to managing all technical requirements related to the token swap, ensuring a seamless and efficient process for all users. Additionally, Binance will publish a comprehensive announcement once the token swap event is completed, providing further guidance and information.
Important Information for Traders
It is crucial for users to remain aware of the impending changes. All RNDR spot trading pairs will be removed on July 22, 2024, at 06:00. This includes pairs such as RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR, and RNDR/BRL. Users’ spot trading orders will be automatically cancelled when trading ends.
Trading bots utilizing the specified RNDR pairs will cease operation on July 22, 2024, at 06:00. Users are strongly advised to update or cancel their trading bots to prevent potential losses. Likewise, Spot Copy Trading involving the RNDR pairs will be delisted on July 21, 2024, at 06:00. Any remaining pairs will be force-sold at market prices post this deadline.
Users should update or discontinue their Spot Copy Trading portfolios by the mentioned date to avert any unforeseen losses.
Conclusion
Binance’s initiative to support the token swap and rebranding of Render (RNDR) to Render (RENDER) is a strategic step forward for the project. By comprehensively understanding these upcoming changes, dates, and actions, users can navigate the transition smoothly and ensure their crypto portfolios remain optimally managed. As always, users are encouraged to stay informed and consult Binance’s official announcements for the latest updates.
