Binance officially changes the Token code PumpBTC from PUMP to PUMPBTC during the Binance Alpha platform upgrade.
This change will affect all transaction data but will not lose users' asset balances. The conversion process takes place from July 11 to before July 12, along with the temporary suspension of limit orders to ensure platform stability.
MAIN CONTENT
Binance Alpha adjusts the Token code PumpBTC from PUMP to PUMPBTC.
All transaction data, history, and asset balances are updated synchronously, without affecting user rights.
The limit order function is temporarily suspended during the conversion period from July 11 to before July 12.
What has Binance announced about changing the Token code PumpBTC?
A Binance representative confirmed the adjustment of the Token code PumpBTC to synchronize transaction data on the Alpha platform, aiming to improve performance and user experience.
On July 10, 2024, Binance announced that it would convert the Token code from PUMP to PUMPBTC on the Binance Alpha platform, aiming to update all order records, display assets, and historical charts synchronously without affecting users' asset balances. This process is planned to start on July 11 and complete before July 12, 2024.
How does the Token code conversion process happen and what impact does it have on users?
The adjustment of the Token code occurs according to a clear timeline with the suspension of limit order functionality to ensure transaction safety.
Before completing the change, Binance will temporarily suspend the limit order feature on the Alpha platform. All data on orders, charts, and account balances will be updated simultaneously, ensuring that user rights are not affected. The short conversion time helps minimize risks and trading disruptions.
We are committed that all technical changes aim to enhance the user experience, ensuring absolute safety and transparency.” – CEO of Binance, Changpeng Zhao, July 2024
Changpeng Zhao, CEO of Binance, 07/2024
Why did Binance choose to change the Token code PumpBTC on the Alpha platform?
Experts in the Blockchain technology field state that updating the Token code is a necessary step to enhance compatibility and optimize stability for the system.
According to Binance's technical report, changing the Token code from PUMP to PUMPBTC aims to synchronize all data on the Binance Alpha platform, avoid confusion and enhance the accuracy of related transactions. This ensures a smooth user experience, especially during times of high volatility in the cryptocurrency market.
Will the temporary suspension of the limit order function cause inconvenience during the adjustment?
This decision is based on in-depth analysis and prioritizes user rights and trading safety.
According to the assessment from Binance's development team, the temporary suspension of limit orders aims to minimize the risk of errors during the Token code synchronization process. This is a necessary step to protect customer assets and data. The suspension time is very short, from July 11 to before July 12, helping users quickly return to normal trading.
What plans does Binance have for users to grasp information and adapt to this change?
Binance has adopted a proactive and transparent communication strategy to timely inform the user community.
Through official communication channels, Binance continuously updates the conversion progress and technical support. Moreover, the customer care team is ready to answer questions, ensuring users understand clearly and minimize risks during the conversion.
Frequently Asked Questions
Does changing the Token code affect my wallet balance? No, all asset balances will be preserved and automatically updated in the system.
Can I use limit orders during the conversion process? No, limit orders will be temporarily suspended from July 11 to before July 12 to ensure system safety.
Does changing the Token code affect transaction history? All order transaction data and charts will be updated synchronously without losing or distorting information.
What do I need to do to prepare for this change? Users just need to follow official announcements and do not need to take any additional action during the conversion phase.
Is Binance ready to assist if issues arise related to the Token code change? Yes, the technical support team is always ready to handle and advise users promptly 24/7.
Source: https://tintucbitcoin.com/pumpbtc-chuyen-token-thanh-pumpbtc-tren-binance/
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