Binance announced that it will begin exchanging Render (RNDR) tokens for Render (RENDER) starting from July 22. This decision will affect aspects such as depositing, withdrawing, and trading the RNDR currency pair on the exchange.
Accordingly, the RNDR token will change its name to RENDER on Binance, with a conversion rate of 1 RNDR = 1 RENDER.
Binance will also remove all RNDR trading pairs, including RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR, RNDR/BRL, and cancel all orders pending sale. This will take place on July 22, 2024 at 10:00 am (VN time), paving the way for opening trading pairs RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL from 3:00 p.m. on July 26, 2024 (Vietnam Time).
At 10:30 on July 22, 2024 (Vietnam time), deposits and withdrawals of Render (RNDR) will also be suspended. Once the migration is completed, deposits and withdrawals of RNDR tokens will no longer be supported.
Binance Futures will delist RNDR futures contracts at 4:00 p.m. July 16 (Vietnam time). Accordingly, users will not be allowed to open new positions on this contract from 3:30 p.m. July 16 (Vietnam time).
In addition, Binance will also change the margin trading of RNDR/BTC, RNDR/USDC, and RNDR/USDT. At 13:00 on July 17, 2024, cross and isolated margin borrowing transactions of these pairs will be temporarily suspended. On July 17, 2024, Binance will close positions, perform automatic payments, and cancel all pending buy and sell orders. Users are advised to terminate positions and transfer assets before this time to avoid possible loss.
Binance notes that users cannot update their positions during the removal process, and they should proactively close their positions and/or transfer assets from the Margin Wallet to the Spot Wallet before the close of margin trading on May 17. July 2024.
Details you can read here: Binance Will Support the Render (RNDR) Token Swap and Rebranding to Render (RENDER) | RENDER,RNDR,Binance Announcements,Binance News
Render is a project of the AI system - DePIN, providing the first decentralized GPU (Graphics Processing Unit), meeting the increasing needs of users for GPU computing.