Binance to Support Injective (INJ) Network Upgrade and Hard Fork

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
its
support
for
the
upcoming
Injective
(INJ)
network
upgrade
and
hard
fork,
scheduled
to
take
place
on
August
20,
2024.
This
development
aims
to
enhance
the
network’s
overall
performance
and
security.

Details
of
the
Upgrade

According
to
Binance,
the
upgrade
will
occur
at
the
block
height
of
82,830,000,
which
is
estimated
to
be
around
15:00
(UTC)
on
the
same
day.
To
facilitate
this
process,
Binance
will
suspend
deposits
and
withdrawals
of
INJ
tokens
starting
at
approximately
14:00
(UTC)
on
August
20,
2024.

Impact
on
Trading

Binance
has
assured
users
that
the
trading
of
INJ
tokens
will
not
be
affected
during
the
upgrade.
The
exchange
will
handle
all
technical
requirements
to
ensure
a
smooth
transition.
Deposits
and
withdrawals
will
resume
once
the
upgraded
network
is
stable.

Technical
Preparations

Binance
has
confirmed
that
it
will
manage
all
technical
aspects
related
to
the
upgrade,
eliminating
the
need
for
users
to
take
any
action.
The
exchange
also
noted
that
no
further
announcements
would
be
made
regarding
the
reopening
of
deposits
and
withdrawals,
implying
that
users
should
stay
updated
via
the
platform
for
the
latest
information.

Additional
Information

For
more
details,
users
can
refer
to
the
official

announcement
from
the
Injective
project
team.
Binance’s
support
for
this
upgrade
underscores
its
commitment
to
providing
a
seamless
trading
experience
for
its
users.

Binance
reserves
the
right
to
amend
or
cancel
this
announcement
at
any
time
without
prior
notice.
Users
are
advised
to
exercise
caution
and
conduct
their
own
research
before
making
any
investment
decisions,
as
digital
asset
prices
are
subject
to
high
market
risk
and
volatility.

Image
source:
Shutterstock