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Binance Will Support the Firo (FIRO) Network Upgrade & Hard Fork
Binance will support the Firo (FIRO) network upgrade and hard fork.
- The Firo (FIRO) network upgrade and hard fork will take place approximately at 2022-06-16 12:00 (UTC). Deposits and withdrawals of FIRO will be suspended starting from 2022-06-16 11:00 (UTC).
- The trading of FIRO will not be affected during the network upgrade and hard fork.
- The Firo (FIRO) network upgrade and hard fork will take place approximately at 2022-06-16 12:00 (UTC). The estimated time is for users’ reference only.
- Binance will handle all technical requirements involved for all users holding FIRO in their Binance accounts.
- The Firo (FIRO) network upgrade and hard fork will not result in new tokens being created.
- We will reopen deposits and withdrawals for FIRO once we deem the upgraded network to be stable, and we will not notify users in a further announcement.
Other key information:
- Firo will reduce its block time from 5 minutes to 2.5 minutes.
- There are no changes to Firo’s inflation rate and maximum supply.
- The allocation of FIRO block rewards will include a community fund after the network upgrade and hard fork.
For more information on the network upgrade and hard fork, please refer to the following:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.