Binance Supports BNB Smart Chain (BEP20) Network Upgrade and Hard Fork
If you are a crypto enthusiast using Binance, you’ll be pleased to know that the leading cryptocurrency exchange has announced its support for the forthcoming BNB Smart Chain (BEP20) network upgrade and hard fork. The purpose behind this upgrade is to enhance the overall user experience on the platform.
Getting Ready for the Network Upgrade
Prior to the BNB Smart Chain (BEP20) network upgrade, Binance will be undergoing wallet maintenance for the BNB Smart Chain (BEP20) on May 28, 2024, at 07:00 (UTC). To facilitate this process, all deposits and withdrawals on the BNB Smart Chain (BEP20) will be temporarily suspended from 06:55 (UTC) on the same day. These services are expected to resume once the maintenance is completed, which is estimated to take approximately two hours.
The BNB Smart Chain (BEP20) Network Upgrade and Hard Fork Schedule
Mark your calendars for June 20, 2024, at 06:05 (UTC), as this is when the BNB Smart Chain (BEP20) network upgrade and hard fork will take place. Consequently, Binance will halt deposits and withdrawals of tokens on the BNB Smart Chain (BEP20) from 05:55 (UTC) on the same day.
Key Points to Remember
During this period, the trading of tokens on the affected network will remain unaffected. Binance will manage all technical requirements for its users, and once the upgraded network is stable, deposits and withdrawals for tokens on the network will resume without the need for additional announcements. Users are advised to refer to the original English announcement for the most up-to-date and accurate information in case of any discrepancies.
Remember, digital asset prices are highly volatile and carry significant market risks. Binance emphasizes the importance of investing only in products that you thoroughly understand and are aware of the risks involved. It’s always best to seek advice from an independent financial advisor before making any investment decisions.
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