On July 19, cryptocurrency exchange Binance announced on their website and tweeted about VEN/VET Mainnet Swap.
Binance notified at that time that the deposits and withdrawals of VEN will be suspended starting from July 22, 0:00 AM (UTC). They created, “Please make certain that you leave enough time for your VEN deposits to be completely refined before this time around.”
Binance additionally mentioned that the trading will certainly be halted in all VEN trading sets on July 23. Trading to open up for the new VET/BTC, VET/ETH, VET/BNB as well as VET/USDT trading sets on July 25 at 4:00 AM (UTC). Down payments and also withdrawals for VETERINARIAN will certainly additionally open up throughout that time.
Nonetheless, customers took to Twitter specifying regarding abrupt loss of their electronic tokens from their purse on July 24. One of the Twitter user, Nostradacoin tweeted, “My $VEN is not in my budget? I hope I get my $VET before you open trading.”
SimonjonesLDN, an additional Twitter individual wrote: “Hey. That’s fantastic. However simply checked my funds as well as my VEN have actually entirely disappeared and also I can’t see any type of VETERINARIAN. Is this regular? And when will my VET show up? Many thanks.” An additional Twitter individual, Alandegaray, stated: “I had VEN as well as my funds go away. Are they going to be there tomorrow?”
While Twitter individuals were freaking out as to exactly what’s taking place and also why their coins ‘vanished’, it resembled redditors were aware of the reason. They were, in fact, rather amazed that individuals typically aren’t aware.
Redditor, Lewislewis70 posted: “Tell me concerning it. I’m into VEN yet it truly surprises me just how individuals put money into something yet have no idea what’s taking place even though it’s a Google Browse away. Demonstrates how lots of people are investing without really doing their research.”
While one more Redditor specified: “People that are holding long-term typically aren’t necessarily mosting likely to take note of the flood of info that disseminated daily. Not like there will be any kind of genuine difference between VeChain on Ethereum vs Thor.”
To discuss just what’s taking place, a Twitter user wrote, “… Binance is active with the 1:100 swap. So tomorrow you do not have VEN anymore, yet you will have VETERINARIAN. Example: if you had 1000 VEN, tomorrow you have 100.000 VETERINARIAN. Download there main wallet (@vechainofficial) pinned message.”