Binance to Support Enjin Coin (ENJ) Network Upgrade on September 9, 2024

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
its
support
for
the
upcoming
Enjin
Coin
(ENJ)
network
upgrade.
According
to
Binance,
the
upgrade
will
necessitate
the
temporary
suspension
of
deposits
and
withdrawals
for
ENJ
tokens
starting
from
September
9,
2024,
at
12:00
(UTC).

Details
of
the
Network
Upgrade

The
network
upgrade
is
scheduled
to
occur
at
the
block
height
of
6,678,271,
which
is
expected
to
be
reached
around
13:00
(UTC)
on
the
same
day.
Binance
has
assured
its
users
that
trading
activities
for
ENJ
tokens
will
not
be
affected
during
this
period.
The
exchange
will
handle
all
technical
requirements
associated
with
the
upgrade,
ensuring
a
seamless
process
for
its
users.

Impact
on
Users

While
deposits
and
withdrawals
will
be
temporarily
suspended,
Binance
has
confirmed
that
these
services
will
resume
once
the
network
is
deemed
stable
post-upgrade.
Users
are
advised
that
no
further
announcements
will
be
made
regarding
the
reopening
of
deposits
and
withdrawals.

Binance
also
highlighted
that
there
might
be
discrepancies
in
translated
versions
of
the
announcement
and
recommended
referring
to
the
original
English
version
for
the
most
accurate
information.
For
more
details,
users
can
read
the

official
announcement
from
the
Enjin
project
team.

Broader
Context

This
announcement
comes
amidst
a
series
of
network
upgrades
and
developments
within
the
blockchain
ecosystem.
Enjin
Coin,
known
for
its
focus
on
blockchain-based
gaming
and
NFTs,
has
been
actively
working
on
enhancing
its
network
capabilities.
The
upcoming
upgrade
is
expected
to
bring
improved
performance
and
additional
features
to
the
Enjin
ecosystem.

As
the
cryptocurrency
market
continues
to
evolve,
exchanges
like
Binance
play
a
crucial
role
in
facilitating
smooth
transitions
during
network
upgrades.
By
managing
the
technical
aspects
and
ensuring
minimal
disruption
to
trading
activities,
Binance
helps
maintain
market
stability
and
user
confidence.

Users
are
encouraged
to
stay
updated
with
official
announcements
from
both
Binance
and
the
Enjin
project
team
to
ensure
they
are
well-informed
about
the
upgrade
process
and
any
potential
impacts
on
their
trading
activities.

Image
source:
Shutterstock