Binance Has Successfully Completed the RUNE Swap
Table of contents
Binance Has Successfully Completed the RUNE Swap: Binance Team
Binance announced that they've successfully conducted the mainnet swap of BEP2 THORChain (RUNE). At a rate of 1:1, they turned RUNE into the mainnet tokens. Users can now deposit RUNE on the mainnet.
Transactions involving BEP2 RUNE tokens, such as withdrawals and deposits, are no more possible. There is a risk of losing money if you deposit RUNE through BEP2. On the THORChain mainnet, you can discover your allotted RUNE deposit addresses on the Deposit Crypto page.
Binance to Support the RUNE Swap: Previous Announcement
There is a confirmation that Binance would facilitate the BEP2 to mainnet the RUNE token swap. The ratio for converting RUNE to mainnet tokens would be 1:1. The team claimed that they'd be suspending all withdrawals and deposits of BEP2 RUNE tokens on 6th June at 04:00 UTC. Binance urged users that they give BEP2 RUNE token deposits enough time to be completely processed before that period. However, futures trading would not get affected.
They want to clarify that Binance would take further safety precautions when significant price swings or deviations from the market prices. Maximizing leverage, positional value, and maintaining margin in every margin tier. Changing the financing rates, including the premium, capped funding, and interest rates.
At significant market volatility, Binance Margin holds all rights to discontinue isolated and cross-margin lending. The Binance team promised to inform Binancians via another announcement after completing the swap. They will let users know when they can start depositing and withdrawing RUNE on the network.