Binance announced the Elrond Network Upgrade (EGLD) would take place around 2022-05-30 at 15:00 (UTC). Elrond deposits and withdrawals will be suspended starting 2022-05-30 at 14:00 (UTC).
Elrond Network (EGLD)
Elrond Network is an ecosystem that has grown very enormously in recent times. The proof given is that the system has launched the most extensive DeFi liquidity stimulus package worth $1.29 billion to date.
Recently Elrond has been working on integrating two new planets (token); the maximum transfer value increased from $100k to $200k, and the minimum transfer value decreased from $2500 to $100.
Besides, Utrust Token is deployed on Elrond as a native ESDT to kickstart the Web3 payments revolution.
To ensure a better user experience, Binance will support network upgrades for this ecosystem.
During the upgrade, EGLD’s trading will not be affected. Elrond Network Upgrade will take place around 2022-05-30 at 15:00 (UTC)
Details of Binance’s upgrade announcement can be found here.
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