Crypto Market Shifts: Binance Embraces AWE Network Rebranding
Binance Lists AWE Token Following Phase-Out of STPT
Binance's endorsement of the STPT token conversion and AWE Network (AWE) rebranding demonstrates the need for agility in the ever-dynamic crypto market. On May 19, 2025 (UTC+8), Binance will abolish STPT trading pairs (STPT/USDT and STPT/BTC). Deposits and withdrawals of STPT will soon follow suit, paving the way for AWE pairs to thrive on May 21. This transformation underscores the increasing significance of the Standard Tokenization Protocol token swap strategy in the realm of decentralized finance (DeFi). To prevent unnecessary losses, Binance encourages users to deactivate trading bots and spot copy trading portfolios before these cut-off dates.
STPT's Odyssey into AWE: A New Era Begins
As part of the STPT token conversion and AWE Network rebranding initiative, Binance Margin will delist Cross and Isolated Margin for STPT by May 14. Borrowing services will cease from May 9, with all active positions auto-settled and trading bots suspended. Binance Loans will also terminate STPT positions by May 14, advising users to repay outstanding balances to minimize liquidation risks. Similarly, Binance Simple Earn will cash out all STPT Flexible Products by May 16, with AWE assets being reincarnated post-transition. Any changes in Binance Pay and Gift Card features will be announced to keep the AWE transition as fluid as possible. Users are expected to redeem unused cards, convert low-value STPT assets, and delist STPT in all services ahead of the respective deadlines.
Steps for STPT Owners Ahead of the AWE Migration
The STPT token conversion and AWE Network rebranding will engender numerous changes in Binance's ecosystem. To facilitate a smooth transition, owners should act promptly before the outlined deadlines. Portfolio Margin users are advised to keep a close eye on their balances, and all members are encouraged to transfer assets to Spot Accounts without delay. Binance ensures proper guidance and user protection throughout the process, requiring minimal manual intervention aside from managing open orders and loans during the swap.
Post-AWE Launch Plans for Binance
Upon successful completion of the STPT to AWE token conversion, Binance will inaugurate AWE trading pairs and resume deposits as of May 21 (UTC+8). This milestone signifies a fresh chapter for the AWE ecosystem. The rebranding to AWE Network accentuates the token's future scalability and broader engagement within Web3. Binance may present additional updates after the launch, introducing new staking programs or earn initiatives related to AWE. The metamorphosis indicates Binance's relentless pursuit of asset evolution and optimal user experiences.
[1] https://blog.binance.com/en/2025-03-28-binance-supports-standard-tokenization-protocol-stpt-token-swap-and-rebranding-to-awe-network-awet/
[2] https://www.binance.com/en/support/announcement/511caadc15b046b1a5b390c2d2f9cdc6
[3] https://www.awe.network/
[4] https://twitter.com/Binance/status/1650874584684485633
[5] https://Web3isGoingGreat.com/stpt-to-awet-rebranding-and-token-swap.html
- The rebranding of the AWE Network highlights Binance's endorsement of the Standard Tokenization Protocol's token swap strategy, indicative of an increasing emphasis on decentralized finance (DeFi).
- Binance Margin will delist Cross and Isolated Margin for STPT on May 14, marking the beginning of the STPT token conversion and AWE Network rebranding initiative.
- AWE Network's rebranding underscores its potential for increased scalability in the Web3 technology space, fomenting broader engagement within the ecosystem.
- Prior to the AWE Network transition, Binance encourages users to deactivate trading bots and spot copy trading portfolios to prevent unnecessary losses.
- Binance provides proper guidance and user protection as part of the STPT token conversion process, necessitating minimal manual intervention aside from managing open orders and loans during the swap.
- On May 21 (UTC+8), Binance will reintroduce AWE trading pairs and resume deposits following the successful completion of the STPT to ASW token conversion.
- As part of Binance's future plans for the AWE ecosystem, they may unveil new staking programs or earn initiatives related to AWE.
- Users are expected to redeem unused cards, convert low-value STPT assets, and delist STPT in all services ahead of the respective deadlines for a smooth STPT to AWE transition.
- For additional information on the STPT to AWE token swap and rebranding, refer to the official Binance blog, support page, the AWE Network website, and their Twitter updates.
