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
Dogecoin, Bonk, and Pepe Set to Be Key Asset Allocations in 2025
BONK Price Forecast: Rebound Hopes Fade as TRUMP token drains 900M BONK Liquidity
XRP Up 511% Yearly, How Much Higher Can It Go?
Uniswap Founder Flaunts Most Important V4 Feature
Trending news
MoreCrypto prices
More
