Cryptocurrency exchange Binance today made an announcement regarding an altcoin to inform its users. The cryptocurrency mentioned in the announcement is IRISnet (IRIS). Let’s look at the details of the announcement made by Binance.
Binance Announces IRISnet (IRIS) Network Upgrade
In the statement made by Binance, it was mentioned that starting from 07:30 Turkey time on May 20, 2024, deposits and withdrawals of the IRISnet (IRIS) tokens will be suspended to support the network upgrade for the best user experience.
The network upgrade is expected to occur at block height 25,006,118 on May 20, 2024, around 08:30 Turkey time.
Other Details Related to the Announcement
Informing its users about other details, Binance stated that the trading of tokens on the mentioned network will not be affected.
Binance also emphasized that it will meet all relevant technical requirements for all users. Deposits and withdrawals for the tokens on the mentioned network will be reopened once the upgraded network is considered stable. Additionally, no further announcement will be made.
