A critical statement came from the crypto exchange Binance today for two altcoins. In a statement, Binance explains its commitment to facilitate upcoming network upgrades and hard forks for REI Network (REI) and MobileCoin (MOB). Let’s have a look at the details.
Altcoin REI network upgrade and hard fork
Altcoin REI Network upgrade and Hard Fork to occur at REI Network block height of 15,084,585. Accordingly, it is scheduled to start around 11-09-2023 around 08:00. During this time, REI deposits and withdrawals will be temporarily suspended from approximately 11-09-2023 07:00. Accordingly, no action will be taken.
On the other hand, there is another important announcement. Accordingly, the altcoin MobileCoin network upgrade is in question. The MobileCoin network upgrade is set to occur at a MobileCoin block height of 1,936,306 MobileCoins. This upgrade is on target to start around 21:00 on 26-09-2023. It is also among the statements that deposit and withdrawal transactions for MOB will be suspended from 26-09-2023 at 20:00.
Important points to note
Binance is making important reminders for users who trade for both altcoins. Accordingly, altcoin REI and MOB trading will not be affected during network upgrades and hard forks. On the other hand, the block heights provided for REI and MOB network upgrades are for users’ reference. It will also be subject to possible changes.
On the other hand, Binance will manage all technical matters on behalf of users holding altcoin REI and MOB in their Binance accounts. More importantly, these network upgrades and hard forks will not result in the creation of new tokens. Once the upgraded networks stabilize, Binance will immediately resume deposits and withdrawals for REI and MOB without additional notification to users.
Binance’s commitment to user security
Binance’s critical announcement for the two altcoins is not limited to this. There is one aspect of Binance’s commitment to supporting these network upgrades. Accordingly, it underlines its continued commitment to providing a safe and reliable trading environment for its broad global user base. This decision ensures that Binance users can safely and seamlessly make these network changes.
Bitcoin and altcoin exchange Binance, on the other hand, is quickly managing technical requirements. It also provides uninterrupted support. This is due to the goal of being at the forefront of the cryptocurrency industry. On the other hand, when we look at cryptokoin.com, it once again confirms its mission of providing a seamless trading experience to its users.
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