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BREAKING: Binance to support the REI Network upgrade

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Breaking Business News: Binance, Europea’s largest crypto trading exchange has said that they will be supporting the REI Network system upgrade: read here the full statement.

Fellow Binancians,

Binance will support the REI Network (REI) upgrade and hard fork.

  • The REI Network (REI) upgrade and hard fork will take place at the REI Network block height of 5,606,557, or approximately at 2022-07-13 12:00 (UTC). Deposits and withdrawals for REI will be suspended approximately from 2022-07-13 11:00 (UTC).

Please note:

  • The network upgrade and hard fork allows users to stake REI tokens to offset their gas fees. 10 million REI tokens will be released annually to reward node operators.
  • The trading of REI will not be affected during the network upgrade and hard fork.
  • The REI Network (REI) upgrade and hard fork will take place at the REI Network block height of 5,606,557. The estimated time is for users’ reference only.
  • Binance will handle all technical requirements involved for all users holding REI in their Binance accounts.
  • We will reopen deposits and withdrawals for REI once we deem the upgraded network to be stable, and we will not notify users in a further announcement.

For more information on the network upgrade and hard fork, please refer to the following:

  • REI Network Introduced the FreeStake Module with Hard Fork Upgrade
  • REI Network Releases v1.0.0

Thanks for your support!

Binance Team

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