This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance will support the Standard Tokenization Protocol (STPT) token swap and rebranding to AWE Network (AWE). Please note that after rebranding, the new token AWE will remain on the Monitoring Tag list.
Trading
At 2025-05-19 03:00 (UTC), Binance will remove all existing STPT spot trading pair(s) (i.e., STPT/USDT and STPT/BTC) and cancel all pending STPT spot trading orders. At 2025-05-21 08:00 (UTC), Binance will open trading for the AWE /USDT and AWE/BTC trading pairs.
Deposits and Withdrawals
At 2025-05-19 03:30 (UTC), deposits and withdrawals of STPT tokens will be suspended. Users should leave sufficient time for their STPT token deposits to be fully processed prior to this time.
Deposits of AWE tokens will be opened at 2025-05-21 07:00 (UTC).
Binance will make a separate announcement after the event is completed to notify users when withdrawals of AWE tokens have opened.
After the event is complete, withdrawals of STPT tokens will no longer be supported.
Binance will handle all technical requirements for users who are involved in this event.
Users may refer to the announcement from the project team for more information.
STPT tokens will assume the ticker of AWE tokens on Binance.
All STPT tokens will be swapped to AWE at a ratio of 1 STPT = 1 AWE .
At 2025-05-19 03:00 (UTC), Binance will remove and cease trading on all spot trading pairs for STPT.
The exact trading pairs being removed are STPT/USDT and STPT/BTC.
All trade orders will be automatically removed after trading ceases in each respective trading pair.
Binance will remove Trading Bots services for the aforementioned spot trading pairs at 2025-05-19 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.
Binance Spot Copy Trading will remove the aforementioned spot trading pairs on 2025-05-18 03:00 (UTC). After this time, any outstanding assets will be force-sold at market price or moved to the Spot Account if the amount is unsellable. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 2025-05-18 03:00 (UTC) to avoid potential losses.
Binance will open trading for the AWE /USDT and AWE/BTC trading pairs at 2025-05-21 08:00 (UTC).
Binance Margin will remove STPT from Cross and Isolated Margin at 2025-05-14 06:00 (UTC). The STPT/USDT Cross and Isolated Margin pair(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said token(s), these users may only manually transfer up to the amount of liabilities of that token into their Margin Accounts, less any collateral already available.
At 2025-05-09 06:00 (UTC), Binance Margin will suspend Isolated Margin borrowings on the aforementioned Isolated Margin pair(s). At 2025-05-14 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned Isolated Margin pair(s), which will then be removed from Isolated Margin.
At 2025-05-09 06:00 (UTC), Binance Margin will suspend Cross Margin borrowings on the aforementioned token(s). At 2025-05-14 06:00 (UTC), if users hold both collateral and liabilities of the aforementioned token(s), the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:
If users only hold the aforementioned token(s) in the form of collateral:
If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Accounts, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin Accounts that are to be removed will then be fully sold.
If the CML is below 2, the remaining tokens in users’ Cross Margin Accounts that are to be removed will be fully sold.
If users only hold the aforementioned token(s) in the form of liabilities:
All remaining open orders in your Cross Margin account will be canceled at the scheduled removal time, unless the collateral value of all available assets is more than twice the liability value of the removed token, in which case these open orders will not be canceled.
The system will then sell other collateral tokens to buy and fully repay the aforementioned token(s)’ liabilities.
Please note that users will not be able to update their positions during the removal process, and they are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading at 2025-05-14 06:00 (UTC). Binance will not be responsible for any potential losses.
Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their Margin balance before 2025-05-14 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. Refer to this FAQ for more information on how any remaining balances of the aforementioned token(s) in Portfolio Margin users’ Margin Accounts will be treated
A separate announcement will be made for relisting.
At 2025-05-14 03:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for STPT (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding STPT loans before 2025-05-14 03:00 (UTC) to avoid any potential losses.
Please refer to the Binance Loans (Flexible Rates) and VIP Loan FAQs for more information. More details are also available in the Binance Loans and VIP Loan Terms and Conditions.
From 2025-05-16 03:00 (UTC), Binance Simple Earn will cease support for STPT Simple Earn Flexible Products. Subscriptions will no longer be available.
From 2025-05-16 03:00 (UTC), all remaining STPT Flexible Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Accounts. Users can choose to redeem their assets from STPT Simple Earn Flexible Products anytime beforehand.
After the token swap is complete, Binance Simple Earn will resubscribe the converted AWE assets for Flexible Products for impacted users, according to the above swap ratio.
At 2025-05-15 03:00 (UTC), Binance will remove STPT from the list of supported cryptocurrencies on Binance Pay.
At 2025-05-19 03:00 (UTC), Binance will no longer support the creation of STPT Gift Cards.
Users may proceed to redeem any unredeemed STPT Gift Cards for STPT tokens before 2025-05-19 03:00 (UTC).
Binance Convert will remove STPT and all associated pairs at 2025-05-19 02:00 (UTC).
Convert Low-Value Assets will remove STPT at 2025-05-18 02:00 (UTC). Users may choose to convert the low-value assets beforehand.
At 2025-05-13 08:00 (UTC), Buy & Sell Crypto will remove STPT and all associated pairs.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-05-07
Note: This announcement was updated on 2025-05-07 to clarify that AWE will remain on the Monitoring Tag list after rebranding.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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