Altcoin News

Binance Adds EOS/USDT Trade Pair, To Initiate Mainnet Swap Procedure.

Even though the EOS mainnet launch that is expected to skyrocket the value of the altcoin is still yet to be actualized, the cryptocurrency is getting more and more green light that success is on the way, as the altcoin received a message that almighty Binance has added trade pairs EOS/BNB and EOS/USDT for trading on its platform.

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The news came to the world as the crypto exchange platform released an update on its platform that by today, at around 05:00 AM (UTC), it will be adding the trade pairs.

“Binance will open trading for EOS/BNB and EOS/USDT trading pairs at 2018/05/28 05:00 AM (UTC).”

In the publication, it was also stated that when the initiation of the mainnet is on the threshold, deposition and withdrawal of EOS coins will be suspended, and after it is stable, all operations will return back with normality.

“EOS deposits and withdrawals will be suspended starting from 2018/05/31 0:00 AM (UTC).”

“We will open EOS deposits and withdrawals again once we deem the EOS mainnet to be stable.”

According to the release, before the mainnet launch, Binance will initiate all necessary procedures for swapping so that users will still have access to their tokens after the migration.

“Binance will initiate the mainnet swap procedure on 2018/05/31”.

Ending the statement with an important notice, users are encouraged to deposit their EOS altcoin with sufficient time before the slated swap date.

“To prevent any loss of funds, please ensure that you leave sufficient time for your EOS deposits to be processed prior to 2018/05/31 0:00 AM (UTC),” the statement reads.

Kucoin Announces Support For EOS Mainnet Launch.

Not Binance alone, among the giant crypto exchange surrounding EOS with support on its mainnet launch is Kucoin. In a release it issued on May 26, 2018, Kucoin announced that it has initiated its support for the altcoin’s migration and it will soon begin swapping of the token.

“As KuCoin has completed the swap registration of the EOS Mainnet Wallet, we will fully support the release and upgrading of the EOS MainnEOSet and perform the automatic and secure asset transfer for users.”

The famous exchange in the statement also mentioned that, while all form of deposit and withdrawal of the cryptocurrency will be paused on May 31st, 2018, users are advised to deposit the EOS token to Kucoin as soon as possible to prevent loss.

“To support the release of the EOS Mainnet and ensure the proceeding of the swap, we will close the EOS deposit and withdrawal services temporarily at 18:00:00, May 31st, 2018 (UTC+8)”.

“We strongly suggest you to deposit your EOS to KuCoin as soon as possible. We will swap for users automatically based on the official time released by EOS to avoid the asset loss risk to the greatest extent,” Kucoin averred.

Even though the mainnet is yet to come in place, these are signs enough to say that the development will thrust the altcoin in the crypto sphere.

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