Binance, one of the leading crypto exchanges, has announced a temporary suspension of operations with Fusionist (ACE) tokens to support an upcoming network upgrade.
What is the Binance ACE Suspension?
On August 20 at 05:00 UTC, Binance will suspend all ACE deposits and withdrawals. This measure aims to ensure a smooth transition and the integrity of the Fusionist network during its upgrade. It is a standard procedure akin to scheduled maintenance.
Why are Upgrades and Hard Forks Important?
Network upgrades and hard forks are essential for the evolution of blockchains. They allow developers to implement new protocols, fix vulnerabilities, and improve scalability. For the Fusionist network, this upgrade signifies a commitment to long-term development.
Guidelines for ACE Token Holders
If you hold ACE tokens on Binance, your assets remain safe. However, during the suspension, you will not be able to deposit or withdraw tokens. It is recommended to plan any transactions in advance.
The Binance ACE suspension starting August 20 is a temporary measure to support the critical upgrade of the Fusionist network. It's important to stay updated with official announcements regarding the resumption of services after the upgrade completes.
