Binance Announces Support for IRISnet (IRIS) Network Upgrade
Luisa Crawford May 20, 2024 12:17
Binance has revealed its plans to support the upcoming network upgrade of IRISnet (IRIS).
Binance to Support IRISnet Network Upgrade
The leading cryptocurrency exchange, Binance, has announced its decision to support the upcoming network upgrade of IRISnet (IRIS). The support will begin at approximately 04:30 (UTC) on May 20, 2024. During this period, Binance will suspend the deposits and withdrawals of tokens on the IRISnet network to ensure a seamless transition and the best user experience.
Details of the Upgrade
The network upgrade is set to occur at the block height of 25,006,118, or approximately at 05:30 (UTC) on May 20, 2024. The trading of tokens on the network will not be impacted during this upgrade. Binance has assured that it will handle all technical requirements for all users. Deposits and withdrawals for tokens on the network will be reopened once the upgraded network is deemed to be stable. No further announcement is expected to be posted after this.
Reference and Support
For more information, users are advised to refer to the announcement from the project team. Binance has appreciated the continued support from its users and has also urged them to trade on-the-go with Binance’s crypto trading app (iOS/Android).
Disclaimer
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. It is also important to note that digital asset prices are subject to high market risk and price volatility. Binance is not liable for any losses that may be incurred. Past performance is not a reliable predictor of future performance. Users are advised to carefully consider their investment experience, financial situation, investment objectives, and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, users can check Binance's Terms of Use and Risk Warning.
Image source: Shutterstock