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Following
ONT Binance, one of the world's largest cryptocurrency exchanges, announced that it supports network upgrades and hard forks in the Ontology (ONT) network plan. According to the exchange's statement, recharge and withdrawal operations on the ONT network will be temporarily suspended to ensure that users can safely continue trading.
Binance announced that it will suspend token recharge and withdrawal on the Ontology network starting from 2:00 am on August 22, 2026. Network upgrades and hard forks are expected to take place at around 3:00 a.m. on August 22, 2026, at a block height of 20,800,000.
The company said it will support the upgrade process to protect the user experience and ensure the smooth completion of the technical process. Binance also emphasized that all necessary technical processes during the network upgrade will be managed by their own team, and users will not need to take any additional actions.
On the other hand, although recharge and withdrawal transactions on the Internet will be temporarily suspended, transactions of ONT and related tokens will not be affected. Users can continue to trade normally on Binance spot and other trading platforms during the upgrade period.
Binance announced that it will reopen recharge and withdrawal services once the network upgrade is completed and the Ontology network is confirmed to be stable. The exchange also said it would not issue further announcements on the process.
In the cryptocurrency ecosystem, network upgrades and hard forks are critical to security, performance, and the launch of new features. The Ontology community is watching this update closely and expects it to enhance the network's technical infrastructure and contribute to its long-term development.
