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.
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).
- 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
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