Binance Supports MANTRA (OM) Token Swap and Redenomination at 1:4 Ratio

Spot trading for the current OM token ceases March 2, with new MANTRA pairs opening March 4 following the split.

Summary

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Terms & Concepts
  • Token Swap: A process where one cryptocurrency is exchanged for another at a predetermined rate, often due to protocol upgrades or rebranding.
  • Redenomination: Adjusting the face value or unit of a currency or token, such as splitting one token into multiple units, without changing the total value of a holding.
  • Spot Trading: The purchase or sale of a financial instrument, such as a cryptocurrency, for immediate delivery.