Binance, one of the leading cryptocurrency exchanges, has announced its support for the upcoming network upgrade of altcoin MultiversX (EGLD). This network upgrade is a major milestone for the MultiversX project.
Cryptocurrency Exchange Binance Announces It Will Support Altcoin MultiversX (EGLD) Network Upgrade
The MultiversX (EGLD) network upgrade is scheduled for MultiversX epoch 1.043, which is estimated to occur at 6:47 PM 2023-06-08.
During this time, deposits and withdrawals from EGLD will be temporarily suspended on the Binance platform. Suspension will begin at approximately 18:00 on 2023-06-08.
While deposits and withdrawals are temporarily suspended, EGLD's trading will not be affected during the network upgrade.
Users will be able to continue to participate in EGLD trading activities, including buying, selling and transferring EGLD tokens without interruption.
Binance is fully committed to managing the technical aspects of the network upgrade for all users with EGLD in their account.
Users can rest assured that Binance will meet the required technical requirements and provide a smooth transition for their EGLD assets.
It is important to remember that the MultiversX (EGLD) network upgrade is an important event for the project and may bring improvements, enhancements or new features to the MultiversX ecosystem.
However, this network upgrade will not result in the creation of new tokens. The primary purpose is to increase the functionality and performance of the MultiversX network.
Users are encouraged to follow Binance's official announcements and communications to stay updated on the progress of the network upgrade and the resumption of EGLD deposits and withdrawals on Binance.
The exchange will provide timely updates on the completion of the upgrade and the availability of EGLD deposit and withdrawal services.
*Not investment advice.
