Binance has announced its support for the upcoming network upgrades of Fetch.ai (FET) and MultiversX (EGLD). Here’s what users need to know:
Key Details
Fetch.ai (FET) Upgrade
- Block Height: 14,699,873
- Estimated Time: January 15, 2024, 20:00 (UTC+8)
- Binance Service Suspension: Deposit and withdrawal services will pause at 19:00 (UTC+8) on January 15.
MultiversX (EGLD) Upgrade
- Epoch: 1,265
- Estimated Time: January 17, 2024, 00:05 (UTC+8)
- Binance Service Suspension: Deposit and withdrawal services will pause at 23:05 (UTC+8) on January 16.
What Users Should Do
- Complete all transactions before the suspension times.
- Monitor official announcements for updates post-upgrade.
👉 Stay updated with Binance’s latest crypto news
FAQ Section
Q1: Will trading be affected during the upgrade?
A1: No, trading of FET and EGLD on Binance will remain uninterrupted. Only deposits and withdrawals will be temporarily paused.
Q2: How long will the suspension last?
A2: Services will resume once the networks are stable post-upgrade. Binance will notify users via official channels.
Q3: Are other exchanges supporting these upgrades?
A3: Check each exchange’s announcements. Binance is among the first to confirm support.
Why This Matters
Network upgrades often introduce scalability improvements, security enhancements, or new features. For projects like Fetch.ai (focused on decentralized AI) and MultiversX (a blockchain for metaverse and Web3), upgrades are critical for long-term growth.
👉 Explore how blockchain upgrades drive innovation
Note: This content is for informational purposes only and does not constitute financial advice.
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