Binance, one of the world’s leading cryptocurrency exchanges, is preparing to make several important updates to its platform with a series of important announcements. These updates include support for the Enjin Coin mainnet exchange, Harmony (ONE) network upgrade and hard fork, as well as the addition of new loanable assets and trading pairs for both Cross Margin and Isolated Margin.
ENJ is heading for mainnet replacement
Binance will support the Enjin Coin (ENJ) mainnet exchange, which will bring a significant change to the Enjin ecosystem. Several key dates and actions have been identified to facilitate this transition. They are as follows:
- On October 31, 2023, at 06:00 ET, ENJ (ERC20) deposits and withdrawals will be suspended.
- All ENJ (ERC20) tokens will be replaced with mainnet ENJ tokens at a 1:1 ratio during this suspension.
- ENJ spot trading, margin trading, futures trading, Binance Earn, Binance Pay and Binance Gift Card services will continue unaffected during the mainnet swap.
- Binance will manage all technical requirements for users holding ENJ tokens in their Binance accounts.
- A separate announcement will be made once the mainnet swap is completed and deposits and withdrawals of mainnet Enjin tokens are opened.
- Once the mainnet swap is completed, ENJ will be identified as ENJOLD on Binance.
- Users can deposit ENJOLD tokens to their Binance accounts and exchange them for mainnet tokens via Binance Convert.
- Withdrawals of ENJOLD tokens will not be supported.
Enjin gained a slight 2 percent momentum following the announcement.
Harmony (ONE) heads for network upgrade
Apart from ENJ, there are critical developments for Harmony (ONE). Binance announced that it will also support the Harmony (ONE) network upgrade and hard fork. This upgrade will take place at approximately 20:30 UTC on November 2, 2023, at block height 49,152,000. Here are the basic details:
- Deposits and withdrawals of token(s) on the Harmony network will be suspended starting at approximately 19:30 UTC on November 2, 2023.
- More importantly, trading of token(s) on the Harmony network will not be affected.
- Binance will meet all necessary technical requirements for all users.
- Deposits and withdrawals for token(s) on the Harmony network will reopen once the upgraded network is deemed stable and no further announcements will be made.
As a result of Binance support and network upgrade, ONE rose from $0.0112 to $0.0122 on a daily basis, as seen in the chart above.
New trading pairs being added
In addition, Binance has expanded its loanable asset offering and introduced new trading pairs for both Cross Margin and Isolated Margin. The new entities and pairs are as follows:
New cross margin pairs:
- ACA/USDT
- GAS/USDT
- GLM/USDT
- GHST/USDT
- OOKI/USDT
- VIDT/USDT
New isolated margin pairs:
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