Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Binance Backs This Altcoin’s Network Upgrade, Increasing Token Supply

Binance Backs This Altcoin’s Network Upgrade, Increasing Token Supply

Cryptodnes2024/10/23 14:33
By:Cryptodnes

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 Surge

This upgrade aims to adjust Viction’s tokenomics and improve network functionality, with Binance ensuring a seamless transition for users.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

ZA Miner Introduces Free Cloud Mining Platform for Bitcoin and Dogecoin

ZA Miner, a UK-based cloud mining provider, has officially launched a new platform to make cryptocurrency mining more accessible to a broader audience.

DeFi Planet2025/04/25 22:11
ZA Miner Introduces Free Cloud Mining Platform for Bitcoin and Dogecoin

OSC Warns of Surge in AI-Driven Crypto Scams as Canadian Fraud Losses Climb to $640 Million

According to the Globe and Mail report, the Ontario Securities Commission (OSC) is raising red flags over a sharp rise in cryptocurrency fraud across Canada, as scammers now weaponize artificial intelligence to swindle unsuspecting investors.

DeFi Planet2025/04/25 22:11
OSC Warns of Surge in AI-Driven Crypto Scams as Canadian Fraud Losses Climb to $640 Million

Arkansas City Planning Commission Rejects Crypto Mining Proposal Amid Strong Community Backlash

The Vilonia Planning Commission has unanimously turned down a proposed cryptocurrency mining facility within city limits, following weeks of vocal opposition from residents.

DeFi Planet2025/04/25 22:11
Arkansas City Planning Commission Rejects Crypto Mining Proposal Amid Strong Community Backlash