Binance has pledged full support for the upcoming network upgrades and hard forks of Zilliqa (ZIL) and Sei (SEI), reflecting its commitment to providing a seamless transition for users. The exchange has issued warnings to users to prepare for the changes.
The Zilliqa (ZIL) network upgrade and hard fork are scheduled for January 3, 2024, at 12:00 PM Turkey time. In preparation, Binance will temporarily suspend deposits and withdrawals of ZIL tokens starting around 11:00 AM on the same day. However, trading of ZIL tokens on the platform will continue without interruption during this time. Access COINTURK FINANCE to get the latest financial and business news.
Similarly, the Sei (SEI) network upgrade will take place at block 49,519,931, or at 8:00 PM Turkey time on January 3, 2024. Binance will suspend deposits and withdrawals of SEI tokens around 7:00 PM on the day of the upgrade. Trading of SEI tokens on Binance will not be affected during the upgrade.
Binance assures users that trading of ZIL and SEI tokens will not be disrupted during the network upgrades. The exchange will manage all technical aspects to minimize any inconvenience to its users.
Following the successful completion of the network upgrades, Binance will carefully assess the stability of the enhanced Zilliqa (ZIL) and Sei (SEI) networks before reopening deposits and withdrawals. The exchange has also stated that no additional announcement will be made when transactions are resumed to facilitate a smooth transition for users.
In conclusion, Binance’s commitment to supporting the Zilliqa (ZIL) and Sei (SEI) network upgrades underscores its dedication to providing a secure and user-friendly trading environment. By proactively managing the technical aspects of these upgrades, Binance ensures that users can continue trading with confidence, reinforcing its position as a user-centric cryptocurrency exchange.