Binance has officially confirmed its unwavering support for the upcoming REI Network (REI) and MobileCoin (MOB) network upgrades and hard forks. This aligns seamlessly with Binance’s commitment to promptly facilitate significant blockchain advancements.
Key highlights of these crucial network upgrades include:
REI Network Upgrade:
Scheduled around the anticipated block height of 15,084,585, set for September 11, 2023, at 02:00 UTC. As a result, Binance will temporarily suspend REI deposits and withdrawals beginning at approximately 01:00 UTC on the same day.
MobileCoin Network Upgrade:
MOB’s network upgrade is set to take place at block height 1,936,306, estimated for September 26, 2023, at 18:00 UTC. In preparation, deposit and withdrawal services for MOB will be paused from 17:00 UTC on the designated day.
It’s essential to note that during these pivotal network transitions, trading activities for both REI and MOB on the Binance platform will remain uninterrupted. Furthermore, these network alterations will not lead to the creation of new tokens.
Binance has also clarified that it will manage all necessary technical aspects for users holding REI and MOB within their Binance accounts. Instead of issuing additional public announcements regarding deposit and withdrawal resumptions post-upgrades. The exchange will resume these services once the stability of the updated networks is confirmed.
For a comprehensive understanding of these upgrades, users can refer to the REI Network Proposal, REI Network Release v3.0.1, and MobileCoin Release v5.0.7.
Please be aware that in the event of any disparities between the translated versions of this announcement and the original English version, the latter shall prevail.
This article serves solely for informational purposes and should not be construed as financial advice. Always seek advice from a qualified professional before making financial decisions. “Readers should consult with a qualified professional before making any financial decisions based on the content of this article.”
These upgrades represent important milestones in the development of the REI and MobileCoin blockchains, bringing new features, and improvements, and potentially enhancing their functionality.
The REI network upgrade is anticipated around September 11, 2023, at 02:00 UTC, while the MobileCoin network upgrade is estimated for September 26, 2023, at 18:00 UTC.
The good news is that trading activities for both REI and MOB will continue uninterrupted on Binance during these network upgrades.
Users need not take any specific actions, as Binance will handle all technical aspects related to the upgrades. Deposit and withdrawal services will be temporarily suspended and resume once network stability is confirmed.
Users can refer to the REI Network Proposal, REI Network Release v3.0.1, and MobileCoin Release v5.0.7 for comprehensive insights into the upgrades.