On July 19, cryptocurrency exchange Binance announced on their web site as well as tweeted regarding VEN/VET Mainnet Swap.
Binance educated back then that the down payments as well as withdrawals of VEN will certainly be put on hold starting from July 22, 0:00 AM (UTC). They wrote, “Please ensure that you leave enough time for your VEN deposits to be totally refined before this moment.”
Binance also stated that the trading will be halted in all VEN trading sets on July 23. Trading to open up for the new VET/BTC, VET/ETH, VET/BNB and VET/USDT trading pairs on July 25 at 4:00 AM (UTC). Down payments as well as withdrawals for VET will also open up throughout that time.
However, individuals required to Twitter stating about abrupt loss of their digital symbols from their budget on July 24. One of the Twitter customer, Nostradacoin tweeted, “My $VEN is not in my budget? I hope I obtain my $VET prior to you open trading.”
SimonjonesLDN, an additional Twitter individual created: “Hey. That’s wonderful. Yet just examined my funds and also my VEN have totally disappeared and also I can not see any kind of VET. Is this regular? And when will my VET appear? Thanks.” Another Twitter individual, Alandegaray, said: “I had VEN and also my funds vanish. Are they going to be there tomorrow?”
While Twitter individuals were going crazy regarding what’s occurring and also why their coins ‘went away’, it looked like redditors were cognizant of the reason. They were, in fact, rather amazed that individuals aren’t aware.
Redditor, Lewislewis70 uploaded: “Tell me regarding it. I enjoy VEN however it truly astonishes me just how individuals put loan into something yet have no suggestion just what’s occurring despite the fact that it’s a Google Search away. Shows how lots of people are investing without really doing their research study.”
While one more Redditor mentioned: “Individuals that are holding long-term typically aren’t necessarily going to pay attention to the flooding of information that shared daily. Not like there will certainly be any type of genuine difference between VeChain on Ethereum vs Thor.”
To explain exactly what’s going on, a Twitter user wrote, “… Binance is active with the 1:100 swap. So tomorrow you do not have VEN any longer, yet you will have VETERINARIAN. Example: if you had 1000 VEN, tomorrow you have 100.000 VET. Download there main wallet (@vechainofficial) pinned message.”