Binance Backs This Altcoin’s Network Upgrade, Increasing Token Supply
The top cryptocurrency exchange Binance announced it will support a crypto project's network upgrade this month.
Binance will support the Viction (VIC) network upgrade and hard fork set for October 29, 2024.
To ensure a smooth process, Binance will pause VIC deposits and withdrawals at 10:00 AM, with the upgrade expected around 11:00 AM.
Post-upgrade, the token supply will rise from 100 million to 210 million, with 20 million tokens immediately added to circulation.
A risk warning will appear for VIC traders, but trading will remain unaffected. Binance will handle all technical adjustments automatically, and deposits and withdrawals will resume once the network is stable.
READ MORE:
Shiba Inu Braces for Volatility as Exchange Transfers SurgeThis upgrade aims to adjust Viction’s tokenomics and improve network functionality, with Binance ensuring a seamless transition for users.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Inflation print calms markets, but tariffs still loom
Commerce Secretary Howard Lutnick said tariffs are “worth it” even if they plunge the US economy into recession territory
XRP News: XRPTurbo Set To Enhance XRP DeFi Ecosystem With AI-Powered DApps And Tokenization Tools
‘Markets Are Gonna Soar’: Trump Shows Confidence as Inflation Cools and Stocks Rise
An FTX/Alameda-associated address released 185,000 SOL stakes
Trending news
MoreCrypto prices
More
