Caroline Bishop
Sep 19, 2024 04:44
Binance has declared its backing for the Manta (MANTA) network upgrade and hard fork, halting deposits and withdrawals as of September 19, 2024.
Binance, a prominent cryptocurrency exchange, has confirmed its support for the upcoming Manta (MANTA) network upgrade and hard fork. The upgrade is set to take place on September 19, 2024, at around 22:00 (UTC).
Network Upgrade Details
Beginning at approximately 21:00 (UTC) on that day, Binance will halt deposits and withdrawals of Manta network tokens to enable the upgrade and hard fork. However, trading of tokens on the Manta network will continue unaffected during this time.
Binance has assured users that it will take care of all technical aspects related to the upgrade. Deposits and withdrawals will resume once the network achieves stability without the need for a new announcement.
Effects on Users
Binance has pointed out several important details for its users:
- Trading of Manta network tokens will remain uninterrupted.
- All technical processes will be managed by Binance.
- Deposits and withdrawals will be reactivated once the network is stable.
Users are encouraged to keep an eye on the official Binance announcement for the most current information and updates.
Further Information
It is essential to recognize that there might be variations in the translated versions of the announcement. Users should refer to the English version for the most accurate details.
The Manta network upgrade is part of ongoing initiatives to enhance network performance and security. This upgrade is anticipated to improve user experience and ensure the network remains strong and effective.
Additionally, Binance has provided a disclaimer about the volatility and risks tied to digital asset investments, urging users to make informed choices and consult financial advisors if needed.
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