STG to ZRO Migration Finalized on Binance: A Guide to Your Assets
Binance has officially processed the token migration from Stargate Finance (STG) to LayerZero (ZRO), according to a recent exchange announcement. Holdings have been automatically converted for users at the specified rate.
Key Migration Details & Conversion Rate
The conversion was executed at a fixed rate of 1 STG to 0.08634 ZRO. All user STG balances on Binance at the snapshot time have been automatically swapped to ZRO based on this ratio.
- Conversion Rate: 1 STG = 0.08634 ZRO
- Process: Automatic, no user action required
- STG Services: Deposits and withdrawals permanently disabled
Essential Steps for Users Now
While the swap is automatic, you should verify the transaction and update your settings.
Log in to your Binance account and check the "Distribution History" or fund records to confirm the ZRO credit. If you intend to deposit more ZRO in the future, you must use the new ZRO deposit address provided by Binance. Sending funds to an old STG address will result in loss.
Post-Migration Considerations
With STG delisted, your assets now exist solely as ZRO. Before trading or transferring, consider researching ZRO's market dynamics, use cases, and the LayerZero network. Keep your new deposit address secure and watch for official updates regarding ZRO trading availability on the platform.
This migration represents a standard technological upgrade within the project's ecosystem. The primary task is to ensure your asset records are correct and you are prepared to interact with the new token standard.