TRON network will undergo scheduled maintenance on November 24th, cryptocurrency exchange Binance announced this week. On the 24 of November, in the morning, maintenance will start and is anticipated to last only over an hour.
Routine maintenance
As long as the wallet is kept up, it is important to remember that during maintenance, the cryptocurrency and digital asset transactions on the Tron framework won’t be available for users. The announcement states that during maintenance, deposits and withdrawals from the network will be halted.
But soon, the situation is believed to resolve and the ability to withdraw money will resume as soon as maintenance is finished, Binance has assured users.
However, clients should be aware that there won’t be any statements prior to the reopening. Binance has stated that in the event of any discrepancy between English versions of news and its translations in other languages, English statements should prevail in order to make clear and remove any ambiguity.
Also read:On October 19 of this year, Tron Network has already performed routine maintenance.
Сomments on the FTX exchange
The CEO of Binance was also questioned about the FTX and the crisis situation on the market. Since almost all currencies lost their peg to the US dollar following the recent crash of FTX, the stable coin marketplace has been devastated.
Many of them, though, have since made a full return to the pre-crisis levels. There were worries that Tron, which was utilized to restore USDD, would lose 12 percent of its price during the exchange’s collapse week.
Justin Sun, the founder of Tron, claimed that Alameda Research and FTX had shorted the USDD during the uproar. Some stablecoins were removed from the FTX trading platform as a result of this incident.
But after several winds, some TRON network-based tokens have seen exponential price growth. In comparison, TRX and BTT have increased by at least 500%, while JST has increased by 1200%. The attempt to seize possessions from the now-defunct FTX trader led to the return of the previous levels of value and cost.
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