On July 19, cryptocurrency exchange Binance introduced on their website and tweeted about VEN/VET Mainnet Swap.
Binance notified during that time that the deposits as well as withdrawals of VEN will be put on hold starting from July 22, 0:00 AM (UTC). They created, “Please make certain that you leave adequate time for your VEN down payments to be completely processed prior to this moment.”
Binance also discussed that the trading will be stopped in all VEN trading sets on July 23. Trading to open up for the brand-new VET/BTC, VET/ETH, VET/BNB and VET/USDT trading pairs on July 25 at 4:00 AM (UTC). Deposits and withdrawals for VET will also open during that time.
Nevertheless, users required to Twitter specifying concerning unexpected loss of their electronic tokens from their budget on July 24. Among the Twitter user, Nostradacoin tweeted, “My $VEN is not in my pocketbook? I wish I obtain my $VET before you open trading.”
SimonjonesLDN, one more Twitter individual composed: “Hey. That’s wonderful. Yet just checked my funds and also my VEN have actually totally disappeared as well as I can not see any kind of VETERINARIAN. Is this typical? And when will my VET show up? Many thanks.” An additional Twitter individual, Alandegaray, claimed: “I had VEN as well as my funds vanish. Are they going to be there tomorrow?”
While Twitter users were freaking out regarding just what’s occurring and why their coins ‘vanished’, it appeared like redditors were cognizant of the reason. They were, as a matter of fact, rather amazed that individuals aren’t conscious.
Redditor, Lewislewis70 uploaded: “Tell me about it. I’m into VEN but it truly amazes me how individuals place loan into something yet have no suggestion what’s taking place even though it’s a Google Browse away. Demonstrates how many individuals are investing without actually doing their research.”
While another Redditor stated: “People that are holding long term aren’t always going to focus on the flooding of info that shared daily. Not like there will be any type of actual difference in between VeChain on Ethereum vs Thor.”
To describe what’s going on, a Twitter individual wrote, “… Binance is hectic with the 1:100 swap. So tomorrow you do not have VEN anymore, yet you will certainly have VET. Example: if you had 1000 VEN, tomorrow you have 100.000 VETERINARIAN. Download there official budget (@vechainofficial) pinned message.”