Rebecca Moen
20 Aug 2024 07:22
Binance will suspend deposits and withdrawals for the Injective (INJ) network during the upgrade and hard fork on August 20, 2024.
Binance, one of the world’s largest cryptocurrency exchanges, has announced support for the upcoming Injective (INJ) network upgrade and hard fork scheduled for August 20, 2024. This development aims to improve the overall performance and security of the network.
Upgrade Details
According to Binance, the upgrade is scheduled to occur at block height 82,830,000, which is estimated to occur at approximately 15:00 (UTC) on the same day. To facilitate this process, Binance will suspend deposits and withdrawals of INJ tokens starting from approximately 14:00 (UTC) on August 20, 2024.
Impact on trading
Binance has assured users that INJ token trading will not be affected during the upgrade. The exchange will handle all technical requirements to ensure a smooth transition. Deposits and withdrawals will resume once the upgraded network is stabilized.
Technical preparation
Binance has confirmed that they will be managing all technical aspects of the upgrade so that users do not need to take any action. The exchange also stated that there will be no further announcements regarding the resumption of deposits and withdrawals, meaning users should continue to check the platform for the latest information.
Additional information
For more details, please refer to the official announcement from the Injective project team. Binance’s support for this upgrade highlights Binance’s commitment to providing users with a seamless trading experience.
Binance reserves the right to amend or cancel this notice at any time without prior notice. Users are advised to exercise caution and conduct their own research before making investment decisions, as digital asset prices are subject to high market risk and volatility.
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