The crypto currency exchange Binance announced that Ethernity Chain’s ERN tokens officially re -branded EPIC and would support this change. The platform will stop the new tokens into the process system by stopping the transactions made with old Ern tokens. Token exchange transactions will take place between the specified dates and updates will be made in transaction services at certain times.
Token exchange calendar and service changes
Binance, in an official statement dated February 28, all process couples of ERN tokens will be removed at 10 March 03:00 UTC. Token pulling operations will be suspended as of 10 March 03:30 as UTC. The deposit process for new EPIC tokens starts on March 13, 07:00, while the EPIC/USDT trading pair will begin to be traded at 08:00 UTC on the same day.
In addition, Binance announced that as of March 6, ERN tokens will be released from margin processes (cross and isolated margin). Flexible and VIP loan services will be terminated on the same date. On March 7, the simple boiler service will be disabled. These regulations may also affect automatic process boots and copy processing services.
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Binance, ERN token 1: 1 ratio will be converted into EPIC token, he said. All ERN owners will be able to see new tokens in their accounts at the same rate.
Market response and the price movements of the token
Following the announcement of Binance, Ern Token had a sudden rise in the price. The token value increased by 31 %in 24 hours and reached $ 1.67. In this process, the transaction volume increased by 514 %and gained a high momentum.
Ethernity Chain’s token change was welcomed in the crypto money market. Investors stated that they see this change as a positive step for the future of the project. Binance’s support for large token exchange processes is considered as an important example of the effect of the platform on the market.
With this announcement of Binance, updates are expected to be updated in other trading services on the platform. Users should check the current status of their accounts by following future changes.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
