Prominent cryptocurrency one of the stock markets Binance, altcoin of Flow (FLOW) announced its support for the upcoming network upgrade. The network upgrade is scheduled for 6:00 pm on June 21, 2023.
Cryptocurrency Exchange Binance Will Support Network Upgrade of Altcoin FLOW
As part of the upgrade process, deposits and withdrawals of FLOW tokens will be temporarily suspended from 17:00 on the same day.
Trading of FLOW tokens on Binance will not be affected during the network upgrade. Users will be able to continue to buy, sell and trade FLOW without any interruptions.
Binance will handle all technical issues related to network upgrade to ensure a smooth transition for its users.
As the network upgrade progresses, Binance will closely monitor the stability and performance of the upgraded Flow network.
Binance will reopen deposits and withdrawals for FLOW tokens once it decides the network is stable and secure.
However, it is important to note that Binance will not notify users in a separate announcement when deposits and withdrawals reopen. Users are advised to regularly check for updates and monitor the status of their FLOW assets.
Flow is a blockchain platform specifically designed to support decentralized applications (dApps) and non-changeable tokens (NFTs).
The network upgrade aims to bring improvements and enhancements to the Flow ecosystem, potentially increasing its scalability, security, and overall functionality.
By supporting the Flow network upgrade, Binance demonstrates its commitment to providing its users with a reliable and seamless trading experience.
By meeting the technical requirements, Binance ensures that its users can continue to buy and sell FLOW tokens safely and conveniently.
*Not investment advice.
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