Binance Plans Temporary Suspension of Injective (INJ) Deposits and Withdrawals Ahead of Network Upgrade
Main Idea
Binance will temporarily suspend Injective (INJ) deposits and withdrawals on July 31 at 13:00 UTC to facilitate a network upgrade aimed at improving scalability, security, and new protocol features.
Key Points
1. Binance suspends INJ transactions on July 31 for a scheduled network upgrade.
2. The upgrade aims to improve Injective’s scalability, security, and new protocol features.
3. User funds remain safe during the suspension period.
4. INJ holders must complete all deposits and withdrawals before the July 31, 13:00 UTC cutoff.
5. The upgrade is expected to strengthen Injective’s position in the competitive DeFi space, potentially increasing token utility and value over time.
Description
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