Cryptocurrency exchange Binance has been offering new developments to its users with increasing momentum lately. Two of these developments were the upgrade and hard fork of the PIVX network and the addition of the Portal (PORTAL) token to its platform.
Binance supports PIVX update
The exchange announced that it will suspend deposits and withdrawals as of 14:00 ET on February 29, 2024, for the upgrade and hard fork of the PIVX (PIVX) network. The network upgrade and hard fork will occur at block height 4,281,680 or approximately on February 29, 2024 at 15:00 UTC.
The exchange will meet all technical requirements to ensure users have the best experience. Token trading will not be affected and deposits and withdrawals will be reopened once the upgrade is completed and the stability of the network is ensured.
The stock market listed PORTAL: It made 85x!
Binance also announced that it has added the Portal (PORTAL) token to Simple Earn, Convert, Margin, Futures and Auto-Invest. Details about the platforms are as follows:
- Binance Simple Earn: Users can now subscribe to PORTAL Flex Products. Starting March 4, 2024, they can purchase PORTAL using any supported payment option on Binance Auto-Invest.
- Binance Convert: Users can exchange PORTAL for BTC, USDT and other tokens supported by Convert with zero fees.
- Binance Margin: PORTAL will be available as a new loanable asset in Cross and Isolated Margin starting at 15:00 (UTC) on February 29, 2024.
- Binance Launchpool: As the 47th Launchpool project, the Stock Exchange will launch the cross-chain gaming platform Portal (PORTAL) on February 29, 2024 at 13:00 with the trading pairs PORTAL/BTC, PORTAL/USDT, PORTAL/BNB, PORTAL/FDUSD and PORTAL/TRY. listed with “seed label”.
Price change
PORTAL, which was launched at $ 0.05, opened on the board at $ 4.25 with an increase of 8,500%. PORTAL, which later retreated slightly, is trading at $3.1 at the time of writing. Users who wanted to earn PORTAL had to stake BNB or FDUSD. Since PORTAL does not have a pre-sale, the exact price at which it will be launched is not yet known. PORTAL is currently listed on exchanges such as KuCoin, MEXC and Bitget, along with Binance.
cryptokoin.com As we reported, Binance distributed 50 million of the PORTAL, which has a total supply of 1 billion, as a reward within the scope of Launchpool. In conclusion, Binance’s PIVX network upgrade and hard fork and the addition of PORTAL to Binance are significant developments for the cryptocurrency exchange. These developments show Binance’s commitment to providing more options to its users and contributing to the cryptocurrency ecosystem.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.