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Are you ready for the latest news in the world of cryptocurrency? Today, we are excited to share with you some exclusive information about Binance’s recent announcement regarding the Viction (VIC) network upgrade and hard fork. This is a significant development that you won’t want to miss!
Binance Supports Viction (VIC) Network Upgrade and Hard Fork
According to the latest announcement from Binance, the leading cryptocurrency exchange, they will be supporting the upcoming network upgrade and hard fork of the Viction (VIC) blockchain. The scheduled upgrade is set to take place at the block height of 86,158,494, on October 29, 2024, at 08:00 UTC. As part of this process, Binance will temporarily suspend deposits and withdrawals of Viction tokens starting from October 29, 2024, at 07:00 UTC.
This temporary suspension of deposits and withdrawals is aimed at ensuring a smooth transition for users during the upgrade process. However, trading of the VIC token will not be affected, allowing users to continue trading uninterrupted.
What to Expect After the Upgrade
Following the network upgrade, there will be some key changes to the tokenomics of Viction. The total supply of VIC tokens will increase from 100 million to 210 million, with an immediate addition of 20 million tokens to the circulating supply. Users will receive a risk warning banner and a pop-up notification alerting them to these changes before trading VIC tokens.
For more details and transparency, Binance has directed users to check social media platforms associated with Viction for additional information regarding the upgrade.
Impact on Users and Conclusion
Binance has assured users that they will manage the technical requirements for the upgrade internally to minimize disruption. Once the network’s stability is confirmed, deposits and withdrawals will resume without any further announcements planned. This proactive approach by Binance showcases their dedication to supporting blockchain advancements and ensuring uninterrupted access to trading services for users.
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