Binance Backs This Altcoin’s Network Upgrade, Increasing Token Supply

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Cryptodnes2024/10/23 14:33

By:Cryptodnes

The top cryptocurrency exchange Binance announced it will support a crypto project's network upgrade this month.

Binance will support the Viction (VIC) network upgrade and hard fork set for October 29, 2024.

To ensure a smooth process, Binance will pause VIC deposits and withdrawals at 10:00 AM, with the upgrade expected around 11:00 AM.

Post-upgrade, the token supply will rise from 100 million to 210 million, with 20 million tokens immediately added to circulation.

A risk warning will appear for VIC traders, but trading will remain unaffected. Binance will handle all technical adjustments automatically, and deposits and withdrawals will resume once the network is stable.

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This upgrade aims to adjust Viction’s tokenomics and improve network functionality, with Binance ensuring a seamless transition for users.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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