Binance is a very active exchange within the cryptocurrency community and has been engaged in all of the latest coin updates and transitions from blockchains to main nets and even forks.
Today, Binance released updates about EOS Mainnet Swap by saying the following:
After communicating directly with the EOS Team, Binance has confirmed that the EOS ERC20 Token Network will be frozen at 2018/06/02 9:59:59 PM UTC.
As such, Binance will reopen EOS deposits until 2018/06/02 4:00 PM UTC, at which point we will suspend deposits again and process the EOS Mainnet Swap as previously announced.
Important Note:To prevent any loss of funds, please ensure that you leave sufficient time for your EOS deposits to be processed prior to the suspension of deposits at 2018/06/02 4:00 PM UTC.
For further information, please refer to Point 19 of the EOS FAQ:
EOS Tokens will become fixed (non-transferable) on the Ethereum blockchain within 23 hours after the end of the final EOS Token distribution period which will occur on June 1, 2018 at 22:59:59 UTC.
Thanks for your support!
Here is the tweet which had the link to the post above.
— Binance (@binance) June 1, 2018
As you can see, Binance and the EOS Team have been discussing when the ERC20 token network will be stopped and announced the time and date: June 2, 2018 (9:59:59 PM UTC)
Traders and EOS coin owners should stop any exchanging until June 2, 0218 (4:00PM UTC). Then it will be suspended again for all deposits and start the EOS Mainnet Swap process.
Here are just a few of the recent headlines coming from the EOS token anticipation.
We will be updating much more about the EOS blockchain transition in the coming days and weeks.