The cryptocurrency exchange Binance has unveiled a significant rebranding initiative for Ethernity Chain’s ERN tokens, which will now be known as EPIC. This shift will involve ceasing transactions of the old ERN tokens and integrating the new tokens into their trading framework. Specific dates have been set for the token exchange process, with updates scheduled at various points throughout trading operations.
What Does the Token Exchange Schedule Look Like?
In a formal communication issued on February 28, Binance confirmed that all trading pairs associated with ERN tokens will be eliminated on March 10 at 03:00 UTC. The withdrawal of these tokens will be halted shortly after, at 03:30 UTC. Deposits for the EPIC tokens will initiate on March 13 at 07:00 UTC, with trading of the EPIC/USDT pair commencing the same day at 08:00 UTC.
Are Market Responses Reflective of Positive Sentiment?
In the wake of Binance’s announcement, ERN tokens experienced a remarkable price surge of 31% within a single day, reaching $1.67. This spike was accompanied by a trading volume increase of 514%, indicating robust market interest. Analysts suggest that this transition is viewed favorably by users, signaling optimism for Ethernity Chain’s prospects moving forward.
Key Points to Consider:
- Token exchange from ERN to EPIC is set for March 10, 2023.
- Withdrawal of ERN tokens will stop shortly after trading pairs are removed.
- EPIC tokens will be available for deposit starting March 13.
- Significant price increases and trading volumes suggest positive market reception.
- Users should stay updated on other service changes on Binance.
As Binance prepares to implement these changes, users are encouraged to keep an eye on their accounts to stay informed about further updates and service modifications. The exchange’s proactive approach reflects its commitment to maintaining a responsive trading environment.
