Binance, one of the leading cryptocurrency exchanges, will temporarily halt deposits and withdrawals for the aelf (ELF) network on January 15, 2025. This suspension is in preparation for a network upgrade aimed at improving the user experience on the ELF blockchain. Users will still be able to trade ELF tokens on Binance during the upgrade, but deposit and withdrawal services will be unavailable. Binance recommends users to deposit their ELF tokens in advance to avoid any disruptions. Once the upgrade is complete, normal deposit and withdrawal services will resume automatically. The ELF network upgrade is expected to enhance performance and scalability. Binance has previously supported network upgrades for other cryptocurrencies like Ethereum and Dash, and is committed to providing smooth transitions for its users.
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