Binance, a prominent cryptocurrency exchange, has recently announced its support for the upcoming network upgrades and Hard Forks for Chiliz (CHZ) and MultiversX (EGLD). This proactive approach aims to ensure a seamless user experience during these significant updates in the crypto space.
The Chiliz (CHZ) network upgrade and Hard Fork are scheduled to take place at approximately 10:00 AM on May 20, 2024, at block height 13,189,711. To prepare for this event, Binance will temporarily suspend deposits and withdrawals for tokens on the Chiliz network starting from around 09:00 on the same day.
Likewise, the MultiversX (EGLD) network upgrade is set for May 21, 2024, at 19:20. Binance will suspend deposits and withdrawals for tokens on the MultiversX network starting at approximately 18:20 on that day. It is worth noting that token trading on both networks will remain unaffected by these updates. Binance will handle all technical aspects related to the upgrades on behalf of its users to ensure a smooth transition.
Following the upgrades, deposits and withdrawals for tokens on the impacted networks will be resumed once Binance confirms the stability of the networks post-upgrade. No further announcements regarding the resumption of services will be made. This level of support from Binance highlights its commitment to providing top-notch service and security to its users during crucial network events.
Users are advised to stay informed about these developments through Binance’s official channels to receive additional updates and information. As a reminder, this information does not constitute investment advice in any form.
