Binance to Support Mina (MINA) Network Upgrade and Hard Fork - Blockchain.News

Binance to Support Mina (MINA) Network Upgrade and Hard Fork

Alvin Lang May 30, 2024 16:09

Binance announces support for Mina (MINA) network upgrade and hard fork on June 4, 2024.

Binance to Support Mina (MINA) Network Upgrade and Hard Fork

Binance, one of the leading cryptocurrency exchanges, announced its support for the upcoming Mina (MINA) network upgrade and hard fork. The event is scheduled to take place on June 4, 2024, at approximately 09:00 UTC.

Details of the Upgrade

According to the official announcement, Binance will temporarily suspend deposits and withdrawals for Mina (MINA) tokens starting from 08:00 UTC on the same day. This measure aims to ensure the security and stability of the network during the upgrade process.

Impact on Trading

Binance assured users that trading of MINA tokens will not be affected during the network upgrade and hard fork. The exchange will handle all technical requirements involved in the process, ensuring a seamless experience for its users.

Deposits and withdrawals will be resumed once the network is deemed stable. Binance noted that no further announcement will be made regarding the resumption of these services.

Technical and User Experience

The network upgrade and hard fork aim to enhance the performance and security of the Mina blockchain. Binance’s proactive support for this upgrade underscores its commitment to maintaining a high level of user experience and security.

Disclaimer and Risks

Binance also reminded users to be aware of the risks associated with digital asset investments, including the high market risk and price volatility. Users are encouraged to make informed decisions and consult financial advisors if necessary. The exchange emphasized that it is not liable for any losses incurred due to investment decisions.

The Mina Protocol, known for its lightweight blockchain, continues to gain traction in the crypto community. By supporting this upgrade, Binance reaffirms its role in facilitating the growth and development of emerging blockchain technologies.

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