The Enjin Coin, a gaming token on the Ethereum chain, is due for a network update on the Binance Chain on September 9th, 2024. While trading activities for the ENJ tokens will not be paused, the upgrade will require a temporary suspension of deposits and withdrawals for ENJ tokens. Binance is ensuring their customers do not face any disruption by keeping all technical requirements safe while the network update takes place at the block height of 6,678,271 at 13:00 (UTC).
Binance has confirmed that no more announcements regarding the network upgrade or reopening of deposits and withdrawals will be made. In case users need more information, Binance has advised them to consult Enjin’s official announcements. The crypto exchange recommends that users stay updated about the transition procedures, and any possible technical glitches would be communicated either by Binance or the Enjin project team.
This update comes in light of network improvements that are a necessity in the blockchain space. Enjin Coin stands out for its focus on blockchain-driven entertainment – NFTs and has been actively enhancing its network functionalities. The blockchain ecosystem is further expected to see more growth as new additions are on the way. The token of the Enjin ecosystem, the Enjin Coin (ENJ), is currently priced at $0.1427. The token has been increasing at an average of 0.94% each day, with a 6.55% increase in seven days.