Binance Supports Upgrade and Hard Fork for Injective (INJ) Network
Binance, a prominent cryptocurrency exchange, is backing the forthcoming upgrade and hard fork of the Injective (INJ) network, set to occur on August 20, 2024. This move is aimed at boosting the network’s performance and security.
Upgrade Breakdown
- The upgrade is scheduled to happen at block height 82,830,000, expected around 15:00 (UTC) on the same day.
- Binance will pause deposits and withdrawals of INJ tokens from approximately 14:00 (UTC) on August 20, 2024, to facilitate a smooth transition.
Trading Impact
Users trading INJ tokens on Binance need not worry as the upgrade will not disrupt trading activities. Binance will handle all technical aspects to ensure uninterrupted trading. Normal deposit and withdrawal operations will resume once the upgraded network stabilizes.
Preparations and Updates
- Binance will oversee all technical requirements for the upgrade, relieving users of any necessary actions.
- No further announcements are planned concerning the reactivation of deposits and withdrawals. Users are encouraged to stay informed through the platform for the latest updates.
Further Insights
For detailed information, users can consult the official announcement from the Injective project team. Binance’s endorsement of this upgrade underscores its dedication to providing a seamless trading environment for its clientele.
It is important to note that Binance may modify or withdraw this announcement anytime without prior notice. Users are urged to exercise caution, conduct thorough research, given the high market risk and volatility associated with digital asset prices.
Hot Take: Be Informed and Stay Updated
Stay tuned for more developments and updates as Binance supports the Injective (INJ) network upgrade, ensuring a secure and efficient trading experience for its users. Make informed decisions and keep abreast of the latest news to navigate the crypto space effectively. Cheers to a smooth transition! 🚀
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