Attention Injective (INJ) holders: Binance has announced a temporary suspension of deposits and withdrawals of INJ tokens starting July 31. This is necessary to support a significant network upgrade.
Details of the Injective INJ Suspension
Binance has announced a temporary suspension of Injective (INJ) deposits and withdrawals effective July 31 at 13:00 UTC. This standard procedure ensures the execution of a significant network upgrade. During this time, any attempts to deposit or withdraw INJ tokens will not be processed.
The Necessity of the Injective INJ Upgrade
Upgrades and hard forks are essential for improving any blockchain system. For Injective, this includes enhanced performance, new security features, and bug fixes. Such updates are vital for maintaining the network's competitiveness.
What Users Need to Know About the Suspension
Users should plan ahead if they need to make any transactions involving INJ tokens. During the suspension, avoid attempts to send or receive tokens. Monitor official announcements from Binance regarding the resumption of services. Your funds will remain safe on Binance, as the suspension does not affect asset security.
The suspension of deposits and withdrawals on Binance is an important step for the Injective network's upgrade. Users should stay informed and prepared to avoid potential inconveniences.
