In preparation for the IOTA Rebased network upgrade, Binance.US has announced the retirement of existing IOTA deposit addresses. This strategic move ensures seamless compatibility with the upcoming mainnet transition, scheduled for May 5, 2025.
Key Changes and Timeline
- Deposit Address Retirement: On May 2, 2025 (11:00 PM EDT), Binance.US will retire all existing IOTA deposit addresses.
- New Addresses: Fresh deposit addresses will be issued within a week post-upgrade.
- Deposit/Withdrawal Suspension: Transactions involving IOTA tokens will be paused starting May 2, 2025.
Critical Reminder: Users must complete all IOTA deposits before the deadline to avoid irreversible fund loss.
Why Is This Happening?
The IOTA network is undergoing a landmark Rebased upgrade, migrating from the Stardust protocol to a new architecture. This shift enhances scalability, security, and interoperability. Binance.US’s proactive measure ensures smooth integration with the upgraded network.
What Users Need to Do
- Complete Deposits Early: Transfer all IOTA tokens to Binance.US before May 2, 2025.
- Update Whitelists: Remove old deposit addresses saved in whitelists.
- Avoid New Deposits: Post-deadline deposits may not be credited.
👉 Stay updated on crypto upgrades to manage your assets effectively.
FAQs
Q: Will trading IOTA be affected during the upgrade?
A: No, trading continues uninterrupted. Only deposits/withdrawals are temporarily paused.
Q: When will new deposit addresses be available?
A: Within one week after the mainnet upgrade completes (post-May 5, 2025).
Q: What happens if I deposit IOTA after the deadline?
A: Funds may be permanently lost. Adhere strictly to the cutoff time.
The Bigger Picture: IOTA’s Rebased Upgrade
The IOTA Rebased initiative marks a pivotal evolution:
- Genesis Ceremony: Launched with 13 validators, including the IOTA Foundation.
- Enhanced Features: Improved throughput, lower fees, and stronger decentralization.
👉 Explore crypto innovations shaping the future of blockchain.
Note: Always consult financial experts before making investment decisions. This content is informational and not financial advice.
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