Binance announced the Elrond Network Upgrade (EGLD) would take place around 2022-05-30 at 15:00 (UTC). Elrond deposits and withdrawals will be suspended starting 2022-05-30 at 14:00 (UTC).
Elrond Network is an ecosystem that has grown very enormously in recent times. The proof given is that the system has launched the most extensive DeFi liquidity stimulus package worth $1.29 billion to date.
Recently Elrond has been working on integrating two new planets (token); the maximum transfer value increased from $100k to $200k, and the minimum transfer value decreased from $2500 to $100.
Besides, Utrust Token is deployed on Elrond as a native ESDT to kickstart the Web3 payments revolution.
To ensure a better user experience, Binance will support network upgrades for this ecosystem.
During the upgrade, EGLD’s trading will not be affected. Elrond Network Upgrade will take place around 2022-05-30 at 15:00 (UTC)
Details of Binance’s upgrade announcement can be found here.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Foxy
Coincu News
Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…
VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…
President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.
Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…
This website uses cookies.