Binance, the world’s largest cryptocurrency exchange with daily trading volume, has made new announcements. In their announcement, it was revealed that some coins will have exchanges in perpetual futures contracts. It also provides information about new additions to the Binance Convert platform. Here are the details…
Wallet maintenance announcement for BNB Beacon Chain
First, the exchange announced that it will perform wallet maintenance for the BNB Beacon Chain (BEP20) on December 6, 2022, at 10 pm. The maintenance is expected to take approximately two hours. In other words, it is planned that the maintenance will be finished around 12 TSI. According to the exchange’s statements, token trading on the BNB Beacon Chain will not be affected during wallet maintenance.
In addition, deposits and withdrawals to BNB Beacon Chain will be suspended from 6 December 2022 at 09:55 CEST. Deposits and withdrawals will be reopened after this maintenance. As we have also announced as Kriptokoin.com, the purpose of BNB Beacon Chain is governance. It also aims to provide more security. It currently has close to 100 validators. Validators in the network act based on different types of consensus.
Binance Convert adds VIDT and HOOK
On the other hand, the exchange announced that it has added VIDT and HOOK altcoins to Binance Convert. This means users can now trade VIDT and HOOK with zero fees against Bitcoin (BTC), Binance USD (BUSD), Tether (USDT), and other tokens supported by Binance Convert. VIDT DAO is an open source platform that provides verifiable trust for the entire Web3 ecosystem. Hooked Protocol, on the other hand, works to help users and businesses enter the new world of web3. For this, it provides special learn-win products and onboarding infrastructures. Thus, it builds the on-ramp layer for mass Web3 adoption.
BNXUSDT contract has updates
Recently, the futures arm of the stock market, Binance Futures, has changed its perpetual contracts for BinaryX (BNX). Binance has adjusted the leverage and margin tiers of USDⓈ-M BNXUSDT contracts as follows:
As we have also reported as Kriptokoin.com, BinaryX (BNX) came to the fore with its sharp decline the other day. The altcoin, which attracts attention especially with the investment it received from Binance’s investment arm, has lost more than 30 percent in value. Behind the said drop, there was speculation that some team members were selling their BNX tokens. However, according to the announcement made the other day on the official Twitter account of the project, there is no such thing.
BinaryX underlined that no team member has ever sold BNX. In addition, the project announced that it will soon complete its buyback plan to restore the price. As it is known, the coin declined to $ 58 while it was above $ 100.
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