Cryptocurrency exchange Upbit has announced a temporary suspension of SWELL token operations due to the Swell Network's migration to its proprietary Swellchain blockchain.
Reasons for the Upbit SWELL Suspension
Upbit is temporarily halting SWELL token operations due to Swell Network's major migration to Swellchain. This transition necessitates a temporary suspension to ensure the process is smooth and secure.
Swellchain Migration: What It Offers
The migration to Swellchain promises enhanced scalability and improved security. The proprietary blockchain will allow Swell Network to optimize and expand its ecosystem centered around the SWELL token.
Temporary Suspension and What SWELL Holders Should Do
The suspension of SWELL operations on Upbit is temporary. Token holders should note the suspension starting at 02:00 UTC on March 5th. It's advisable to stay updated with Upbit and Swell Network announcements.
The temporary suspension of SWELL operations on Upbit is part of a planned transition to a more robust Swell Network platform. This is a planned measure for future capabilities and network security enhancements.
