TLDR
- Binance confirms support for AI16Z token swap to ELIZAOS on the Alpha 2.0 platform.
- Token conversion begins on November 6, with a trading suspension at 10:00 UTC.
- All AI16Z tokens convert automatically to ELIZAOS at a 1:6 ratio.
- ELIZAOS trading and deposits resume on November 7 at 02:00 UTC.
- Binance Futures closes all AI16ZUSDT perpetual positions on November 6.
Binance has announced support for the AI16Z token swap and rebranding to ELIZAOS. The exchange will facilitate the transition through its Alpha 2.0 platform and Futures services. The process begins on November 6 with the automatic conversion of tokens for users.
Binance Alpha Manages Token Conversion Process
Binance Alpha 2.0 will handle the AI16Z to ELIZAOS token swap starting November 6. Trading for AI16Z will pause at 10:00 UTC on that date. All tokens held in Binance Alpha accounts will convert automatically to ELIZAOS.
The conversion ratio stands at 1:6 for all AI16Z holders. Users must complete deposits before the suspension begins. Binance stated that AI16Z will no longer be supported after the transition completes.
Trading and deposits for ELIZAOS will resume at 02:00 UTC on November 7. Binance emphasized the importance of completing transfers before the deadline. The exchange will not accept AI16Z deposits after the swap begins.
Binance Futures will close all open AI16ZUSDT perpetual positions on November 6. Settlement will occur automatically at 09:00 UTC. New positions will be blocked starting from 08:30 UTC that morning.
The AI16ZUSDT contract will be removed entirely after settlement. Binance has not confirmed whether the contract will be relisted. Details about any future listings will be shared separately through official channels.
The Futures Insurance Fund will not support liquidations during the final hour. This period runs from 08:00 UTC to 09:00 UTC on November 6. Traders should close positions early to avoid automatic settlement.
ELIZAOS Supply Increases After Migration
The total supply will increase from 6.6 billion to 11 billion tokens. Circulating supply will immediately reach 7.4 billion ELIZAOS tokens. The project will announce distribution details separately once the migration is complete.
AI16Z originally served as the native token for Auto.fun platform. The platform operates as an autonomous AI agent system. The rebranding represents a shift toward improved scalability and interoperability.
ELIZAOS draws inspiration from the 1960s ELIZA chatbot project. The new branding reflects the enhanced capabilities of generative AI. The platform aims to expand operations across multiple blockchain networks.
Cross-Chain Infrastructure Powers Token Ecosystem
Auto.fun opened a migration portal in September for the token swap. The project supports operations across Solana, Base, Ethereum, and other chains. ELIZAOS will function as a cross-chain utility token for the ecosystem.
The new token eliminates the need for bridge-based transfers between networks. This improves efficiency across the platform’s supported blockchains. The ecosystem currently powers approximately $20 billion in AI-related operations.
Binance users should monitor official announcements for any updates. The exchange will provide further information about the transition process. All token holders must ensure compliance with the stated deadlines.
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