What Does Binance’s Critical Statement Mean for the Future of These Two Altcoins?

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Mina

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Binance, a leading cryptocurrency exchange, has made a critical announcement regarding two altcoins, REI Network (REI) and MobileCoin (MOB). The announcement states that Binance is committed to facilitating upcoming network upgrades and hard forks for both altcoins.

The REI Network upgrade and hard fork are scheduled to start at a network block height of 15,084,585 REI, around 08:00 on 11-09-2023. During this time, REI deposits and withdrawals will be temporarily suspended from approximately 07:00 on 11-09-2023.

Similarly, the MobileCoin network upgrade is set to take place at a block height of 1,936,306 MobileCoins on 26-09-2023, starting around 21:00. Deposits and withdrawals for MOB will be suspended from 20:00 on 26-09-2023.

Binance reminds users that Trading for both altcoins will not be affected during the network upgrades and hard forks. The block heights provided for the upgrades are for users’ reference and may be subject to changes. Binance will handle all technical issues on behalf of users holding REI and MOB in their Binance accounts.

Importantly, these network upgrades and hard forks will not result in the creation of new Tokens. Once the upgraded networks are stable, Binance will resume deposits and withdrawals for REI and MOB without the need for additional notification to users.

Binance’s announcement highlights its commitment to user Security and providing a safe and reliable trading environment for its global user base. The exchange manages the technical requirements quickly and offers uninterrupted support to stay at the forefront of the cryptocurrency sector.

Overall, Binance’s announcement regarding the network upgrades and hard forks for REI Network and MobileCoin emphasizes its dedication to seamless trading and user satisfaction. Users can follow Binance’s social media channels and website for instant updates and news..

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