- Binance.US Delists HNT Trading Pairs Before Helium Moves to Solana
- The Helium Foundation is disappointed but remains committed to immigration.
- The Helium relay to Solana is poised to expand network services.
One of the largest cryptocurrency exchanges in the US, Binance.US, is amid a series of periodic reviews to guarantee That all listed digital assets continue to “meet standards of excellence” expected.
On March 13, 2023, Binance.US, announce Delisting HNT/USD and HNT/USDT trading pairs effective March 21st.
This move comes ahead of the Helium Network (HNT). Migrate to Solanaa process the Helium Foundation has been working on for several months.
Binance.US clients Advisers To consider taking over their HNT assets using the open source Helium Wallet app or migrating to one of over 20 venues that currently support HNT trading pairs.
Binance leaves Helium ‘disappointed’
Helium Foundation is Expressing his disappointment With Binance.US’s decision to remove HNT trading pairs.
The Foundation works closely with the Solana Community, the Solana Foundation, and other ecosystem projects to ensure the migration is successful and completed on time.
After migration, Helium Wallet will support redemption of the original DDAO token, as described in hip 70and other integrals within Solana Decentralized Finance (DeFi) platforms, opening up more decentralized trading venues for HNT.
Helium Foundation Still committed to the migration and will continue to educate Binance.US on the network’s core initiatives and development roadmap.
PoW to PoS
The migration of Helium to Solana is a significant event for the network, as it is on par with Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS).
The transition was a major milestone for Ethereum (ETH) The network you are currently claiming for Second place by market value.
Helium migration is expected to expand network facilities and help direct more resources toward the Helium Foundation The ultimate goal To create a ubiquitous, affordable layer of connectivity for all people and devices.
In light of the US Binance.US delisting announcement, HNT is trading at $2.08 at the time of writing, marking a decline of 7% over the past 24 hours.
on the flip side
- binance to cross out HNT trading pairs once in October 2022.
- the Official The Helium Network will be migrated on March 27th.
Why should you bother
Helium’s Solana migration is set to be the most important upgrade to the Helium network in terms of scalability and reliability.
Read more about the transit of Solana and Helium
Solana rockets (SOL) 30% in light helium migration
Read the latest news about Cardano: