Bitcoin Exchange Binance Announced That It Will Support the Transition of This Altcoin to the ERC20 Network!

Binance, a global leader in cryptocurrency exchange, announced support for BEP20 and Beefy (BIFI) contract exchange from BEP2 to ERC20.

Binance Supports Beefy (BIFI) Contract Migration to ERC20

This transition is planned to occur according to the following timeline:

Starting from 16-10-2023 02:00, BIFI (BEP20 and BEP2) deposits and withdrawals will be temporarily suspended.

BIFI spot trading, Binance Earn and Binance Pay services will continue to operate uninterrupted throughout the contract settlement process. Users will be able to carry out their trading and other activities without any problems.

A one-to-one swap will be initiated for every old BIFI token held in a user’s Binance account, meaning every old BIFI token will be replaced with a new BIFI token.

All technical details regarding contract swapping will be managed by Binance, ensuring a smooth transition for all users who hold BIFI in their Binance accounts.

Once the contract swap has been successfully completed, BIFI (BEP20 and BEP2) deposits and withdrawals will stop being supported.

The updated smart contract address for users who have the new BIFI token in the ERC20 standard is as follows:

0xB1F1ee126e9c96231Cc3d3fAD7C08b4cf873b1f1.

*This is not investment advice.