Binance Backs This Altcoin’s Network Upgrade, Increasing Token Supply
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The top cryptocurrency exchange Binance announced it will support a crypto project's network upgrade this month.
Binance will support the Viction (VIC) network upgrade and hard fork set for October 29, 2024.
To ensure a smooth process, Binance will pause VIC deposits and withdrawals at 10:00 AM, with the upgrade expected around 11:00 AM.
Post-upgrade, the token supply will rise from 100 million to 210 million, with 20 million tokens immediately added to circulation.
A risk warning will appear for VIC traders, but trading will remain unaffected. Binance will handle all technical adjustments automatically, and deposits and withdrawals will resume once the network is stable.
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This upgrade aims to adjust Viction’s tokenomics and improve network functionality, with Binance ensuring a seamless transition for users.
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