Binance will support the network upgrades and hard forks of REI Network and MobileCoin while temporarily suspending deposits and withdrawals, ensuring uninterrupted trading on its platform.
Key Points
- Binance announces support for REI Network and MobileCoin network upgrades and hard forks.
- REI Network’s upgrade is scheduled for September 11, 2023, and Binance will temporarily halt deposits and withdrawals.
- MobileCoin’s upgrade will occur on September 26, 2023, with deposits and withdrawals suspended by Binance.
- Trading of REI and MOB on Binance will continue uninterrupted, and no new tokens will be created during these upgrades.
Binance, a leading cryptocurrency exchange, has officially announced its support for the upcoming network upgrades and hard forks of REI Network (REI) and MobileCoin (MOB).
This move is in line with Binance’s commitment to providing timely assistance for major advancements in the blockchain industry.
#Binance will support the @GXChainGlobal $REI and @mobilecoin $MOB network upgrades & hard forks.https://t.co/lbFiISJkGv
— Binance (@binance) September 8, 2023
About REI Network
REI Network, a decentralized network for real estate investments, is set to undergo an upgrade and hard fork at a block height of 15,084,585.
The upgrade is scheduled to take place on September 11, 2023, at 02:00 UTC. In preparation for this, Binance will temporarily halt deposits and withdrawals for REI starting from approximately 01:00 UTC on the same day.
Similarly, MobileCoin, a privacy-focused cryptocurrency, will also undergo a network upgrade at a block height of 1,936,306. The upgrade is expected to occur on September 26, 2023, at 18:00 UTC.
To ensure a smooth transition, Binance will suspend deposits and withdrawals of MOB from 17:00 UTC on the upgrade day.
It is important to note that these network upgrades will not affect the trading activities of REI and MOB on the Binance platform.
Users will still be able to buy, sell, and trade these tokens without any interruption. Additionally, these upgrades will not result in the creation of new tokens.
Binance has assured its users that they will take care of all technical requirements for holding REI and MOB in their Binance accounts.
However, the exchange has decided not to make any further public announcements regarding the reopening of deposits and withdrawals after the upgrades. They will resume these services once the stability of the updated networks is confirmed.
For more information about these upgrades, users can refer to the “REI Network Proposal,” “REI Network Release v3.0.1,” and “MobileCoin Release v5.0.7.”
Concluding Thoughts
It’s worth noting that in case of any discrepancies between the translated versions of this announcement and the original English version, the latter will take precedence.
As a final note, it’s important to mention that the content of this article is purely informational and should not be considered financial advice.
It is always recommended to consult with a professional before making any financial decisions.
