Upcoming Ontology (ONT) Network Upgrade Supported on Binance

Fellow Binancians,

Binance will support the upcoming Ontology network upgrade. Deposits and withdrawals of ONT will be suspended starting from 2020/07/06 9:00 AM (UTC). Please note that the trading of ONT will not be affected during the upgrade.

Please leave sufficient time for deposits of ONT to be processed in full prior to the above cut off time. We will handle all technical requirements involved for all users holding ONT in their Binance accounts.

Please Note:

• This network upgrade will not result in a new token being created.
• ONG staking rewards for ONT will not be affected. 
• NEP5-based ONT tokens will no longer be supported on Binance. Any future deposits of NEP5 ONT will not be credited to your account. 
• We will reopen deposits and withdrawals for ONT once we deem the upgraded network to be stable, and will not notify users in a further announcement.

For further information, please refer to: Continuing to Refine Ontology’s Governance and Staking Economic Model

Thanks for your support!

Binance Team

2020/07/05

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