Search the site
Press ESC to close
LIVE
Loading...
Updating...

Binance Alpha 2.0 to Support Story (IP) Transition to Data Network

Sophie Chastain
Fact-checked
2 min read
348 words
Share

The digital asset exchange Binance Alpha 2.0 has officially announced its support for the rebranding and token migration of the Story (IP) project. According to the platform's technical roadmap, the asset will undergo a renaming process to become Data Network (DATAIP). This transition includes a mandatory suspension of trading activities to facilitate a seamless 1:1 token swap for all current holders on the exchange.

Migration Schedule and Trading Suspension

The rebranding process is scheduled to take place on July 2, 2026. To ensure the integrity of the ledger during the conversion, Binance Alpha 2.0 will implement the following timeline:

  • At 10:00 (UTC+8), the exchange will officially suspend all trading pairs associated with the IP ticker.
  • During the suspension period, the system will automatically convert Story (IP) tokens to Data Network (DATAIP) assets.
  • The conversion ratio is fixed at 1:1, meaning users will receive one DATAIP token for every IP token held in their spot wallets.

Users are advised to manage their positions and open orders prior to the suspension, as the system will automatically cancel pending trades to facilitate the migration.

Resumption of Data Network (DATAIP) Services

Following the completion of the technical snapshot and asset distribution, trading for the newly branded Data Network (DATAIP) is expected to resume at 16:00 (UTC+8) on the same day. This six-hour window allows the exchange to update its internal infrastructure and ensure that the blockchain data reflects the new naming convention accurately.

Binance Alpha 2.0 will handle all technical requirements for users holding IP in their accounts, ensuring a transition that aligns with the project's shift toward a broader data-centric ecosystem.

This move reflects a strategic pivot for the project, moving away from the "Story" branding to emphasize its role as a Data Network. By supporting this change, Binance Alpha 2.0 provides the necessary liquidity and infrastructure for the asset's next developmental phase. Investors should monitor their account balances after 16:00 (UTC+8) to confirm the successful receipt of DATAIP tokens before resuming market activities.

Frequently Asked Questions

Quick answers to the most common questions about this topic.