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Binance Rebrands STPT to AWE Network and Streamlines Trading Processes
By: cointurk|2025/05/07 15:45:01
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Binance has announced its support for the rebranding of the altcoin Standard Tokenization Protocol (STPT) to AWE Network (AWE). The transition process is set to commence on May 19, 2025, with the removal of STPT coin trading pairs. All STPT coins will be automatically converted to AWE coins at a 1:1 ratio. Trading will resume on May 21 with the introduction of AWE/ USDT and AWE/BTC pairs. Binance assures its users of a seamless transition, eliminating the need for any manual intervention. STPT to AWE Coin Swap Details On May 19, 2025, at 06:00 Turkish Standard Time (TSI), STPT/USDT and STPT/BTC spot trading pairs will be delisted from Binance. All pending orders will be automatically canceled at this time. Subsequently, by 06:30 TSI the same day, deposit and withdrawal functions for STPT coins will be suspended. Users are advised to complete any necessary transactions ahead of these changes. From May 21, 2025, at 10:00 TSI, AWE coin deposits will commence, followed by trading at 11:00 TSI with the AWE/USDT and AWE/BTC pairs. The conversion rate between STPT and AWE will remain fixed at 1 STPT = 1 AWE. Post-rebranding, STPT coin withdrawals will no longer be supported. Details of Binance’s Schedule for Other Operations In addition to spot trading, significant adjustments will be made on the margin side. Starting on May 9, 2025, at 09:00 TSI, STPT borrowing on both Cross and Isolated Margin will be halted. Positions will be closed by May 14, 2025, at 09:00 TSI, with automatic liquidation followed by the removal of relevant margin pairs. Users are advised to transfer their assets from margin accounts to spot accounts in advance. Changes will also be implemented in Loans and Simple Earn products. STPT coin loans will close on May 14, 2025, at 06:00 TSI, and Simple Earn flexible products will automatically migrate to spot accounts by May 16, 2025, at 06:00 TSI. Additionally, support for STPT coins in Binance Pay and Gift Card services will be gradually discontinued.
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