Binance will suspend deposits and withdrawals of VANA tokens to perform network upgrades and hard forks.
It is expected that from 23:00 on July 14, 2025 (East Asia time), Binance will stop trading VANA to support the upgrade at block 4,009,180, expected to be completed by 00:00 on July 15, 2025.
MAIN CONTENT
Binance will suspend deposits and withdrawals of VANA from 23:00 on July 14, 2025, East Asia time.
The upgrade and hard fork of VANA will occur at block 4,009,180, expected at 00:00 on July 15, 2025.
When will Binance stop the deposit and withdrawal services for VANA?
Binance confirms it will cease support for deposits and withdrawals of VANA tokens from 23:00 on July 14, 2025, East Asia time, to facilitate the network upgrade process.
The downtime is adjusted to ensure stability and prepare for this important hard fork, minimizing the impact on users and transactions on the platform.
Why does VANA need to upgrade the network and hard fork at block 4,009,180?
The network upgrade and hard fork at block 4,009,180 is an important step to improve security, enhance transaction processing efficiency, and expand the features of the VANA network.
This hard fork helps create a sustainable development foundation for VANA, while increasing interoperability and expanding the ecosystem.
Mr. Lý Minh, Director of VANA Network Development, 2025
Hard forks are designed to update core protocols, address technical limitations, and prepare for new DeFi applications and staking on the network.
What is the impact of the suspension of token deposits and withdrawals on users?
The suspension of deposits and withdrawals of VANA will prevent users from conducting token transfer transactions during the upgrade period.
Binance advises investors to prepare in advance and avoid trading during this time to limit risks arising from incomplete chain synchronization and potential technical errors.
What are the steps to prepare for the token network upgrade?
To successfully upgrade the network, project managers, developers, and exchanges work closely to clearly communicate the schedule, while also conducting hard fork testing on the testnet before applying it on the mainnet.
This process typically includes backing up data, synchronizing nodes, testing new features, and ensuring wallets and smart contracts operate stably after the upgrade.
What is Binance's role in the VANA network upgrade process?
As a major exchange, Binance is committed to providing technical support and ensuring the safety of users throughout the hard fork and VANA network upgrade process.
Ensuring safe transactions and protecting customer assets during the upgrade is Binance's top priority.
Trần Quang Huy, Cybersecurity Director of Binance Southeast Asia, 2025
Binance also continuously updates timely information about the upgrade, helping investors prepare appropriately while coordinating with the VANA development team to minimize disruptions.
Frequently Asked Questions
1. Why do we need to suspend deposits and withdrawals of VANA during the network upgrade? To ensure safety and avoid technical errors during the blockchain update, while synchronizing data between nodes. 2. Can I trade VANA on other exchanges during this time? Depending on the exchange, but Binance recommends limiting trading to avoid risks of transaction synchronization errors. 3. How does the hard fork affect my VANA balance in my wallet? The Token balance is not affected if you hold VANA in a personal wallet or on an exchange that supports the upgrade. 4. When can I deposit and withdraw VANA again on Binance? Users will be notified of the reopening time after the upgrade is completed and the system stability is verified. 5. Do I need to update my wallet or software for the hard fork? If using a private wallet, users may need to update to the latest version to be compatible with the network after the hard fork.
Source: https://tintucbitcoin.com/vana-network-nang-cap-binance-ho-tro/
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