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Binance has announced the rebranding of BinaryX (BNX) to Four (FORM), completing the transition for this altcoin. Users can begin depositing FORM coins, with withdrawals set to open today at 12:00 PM GMT+3. Trading for the FORM/USDT pair will also commence today at 11:00 AM GMT+3, allowing users to integrate FORM coin into their portfolios through Spot Copy Trading settings. However, support for the old BNX coins for deposits and withdrawals will no longer be available.
BNX Coins Automatically Converted to FORM
BNX coin holders have automatically received FORM coins due to the conversion on the Binance platform, with a set conversion rate of 1 BNX = 1 FORM. Users can check their distribution history through their Binance accounts during this process.
New deposit addresses for the FORM coin are now accessible via Binance accounts. Deposits and withdrawals for the old BNX coin will not be supported any longer, and users must conduct trading for their FORM coins using the new FORM/USDT trading pair.
The rebranding of BNX to FORM is part of the project team’s strategy to establish a new identity and roadmap. This shift aims to reach a broader user base in the cryptocurrency market with a new name and structure.
Key Points for Binance Users Post-Conversion
Binance users can engage in spot trading with their FORM coins and utilize the new trading pair in their Copy Trading portfolios. The FORM/USDT trading pair will open for transactions today at 11:00 AM GMT+3.
Users wishing to access new FORM coins need to log into their Binance accounts and check the wallet section for necessary information, particularly to ensure that they update their deposit and withdrawal addresses as needed.
Since the conversion process for BNX holders was automatic, users do not need to take additional steps. However, due to the discontinuation of the BNX coin, users must adapt to using FORM coins going forward.
Four is a cryptocurrency project focused on developing decentralized gaming projects, serving as the main network asset within its ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
