BNB Chain has announced the completion timeline for its BNB Beacon Chain (BEP2) network integration plan, prompting Binance to phase out related services. Here’s what users need to know:
Key Dates and Actions
- November 1, 2024 (08:00 UTC+8): Binance will halt all BEP2 token withdrawals.
- November 8, 2024 (08:00 UTC+8): Deposits for non-Binance-peg tokens (B-tokens) on BEP2 will cease.
- November 19, 2024 (14:00 UTC+8): BNB Beacon Chain network integration completes.
👉 Secure your B-tokens before the deadline to ensure seamless transitions.
User Recommendations
- Deposit B-tokens: Transfer BEP2-based B-tokens to Binance before November 19 for automatic crediting.
- Alternative Networks: Post-integration, withdraw tokens via native chains or other Binance-supported networks.
Why This Change?
The upgrade aims to streamline BNB Chain’s infrastructure, enhancing scalability and interoperability. Users are advised to act promptly to avoid disruptions.
FAQ Section
Q: Can I still trade BEP2 tokens after November 19?
A: No. After integration, BEP2 tokens will only be accessible via updated networks.
Q: What happens if I miss the deadline?
A: Undeposited B-tokens may require manual recovery processes, potentially causing delays.
Q: Are other Binance services affected?
A: Only BEP2 network services are impacted; BSC (BEP20) operations remain unchanged.
Additional Resources
For detailed guides on token migration, visit Binance’s official announcements. Stay informed to navigate this transition smoothly.
👉 Explore secure crypto trading options post-integration.
Disclaimer: Dates are subject to change based on network conditions. Always verify actions via official channels.
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