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Binance, one of the world's largest cryptocurrency exchanges, announced support for Injective's (INJ) upcoming network upgrade.
Binance Injective (INJ) Announces Network Upgrade Support
The platform will temporarily suspend deposits and withdrawals of INJ tokens to facilitate a smooth transition during the upgrade process.
The suspension is scheduled to begin on January 11, 2024, at approximately 4:00 p.m. The upgrade will be implemented at block height 57,076,000 at approximately 17:00 on the same day.
During this period, users will not be able to deposit or withdraw INJ tokens. However, trading of INJ tokens on the Binance platform will not be affected, ensuring continued market activity for investors.
Known for the importance it attaches to user experience and security, Binance will manage all technical issues regarding the upgrade on behalf of its users.
The exchange will reopen deposits and withdrawals for INJ tokens as soon as it is assessed that the upgraded network is stable.
Injective Protocol, represented by the native token INJ, is known for its decentralized and interoperable structure that allows users to trade between different blockchain networks.
This upgrade is expected to bring improvements to the protocol and further increase its capabilities.
*Investment is recommended.