Binance to Halt TOMO Deposits and Withdrawals on November 20

• Binance mentioned it is going to droop TOMO transactions on November 20 because the venture’s crew rebrands. 
• The crypto change mentioned it is going to announce a date to restart the token buying and selling as soon as the crew completes the rebrand.
• Viction, previously TomoChain, mentioned the rebranding is solely symbolic and won’t make technical adjustments to the token. 

Binance as we speak disclosed that it might droop deposits and withdrawals of TOMO on its platform and cost channels because the venture’s crew undergoes a rebranding. 

Certainly, TomoChain on November 1 introduced it might rebrand to Viction. Because of this, the venture’s ticker may also change from TOMO to VIC to represent the newly adopted title. 

In line with as we speak’s announcement, Binance would pause deposits and withdrawals in assist of the crew’s rebrand. Notably, the pause will take impact on November 2023 at 03:33 (UTC), by which era customers are anticipated to have absolutely processed their TOMO transactions. 

Moreover, the crypto change mentioned it is going to make a separate announcement on when customers will be capable of resume their buying and selling actions. Per the announcement, this may come as soon as the venture completes its rebranding. 

In line with Viction, the rebranding plan is a big change in its journey of progress and innovation. The venture, which launched 5 years in the past, mentioned the plans underline its dedication to the ever-changing blockchain market. 

Nevertheless, the crew clarified that the adjustments can be purely symbolic. Thus, the swap from TOMO to VIC is not going to contain any technical changes to present sensible contracts, tokenomics, or token provide. 

Turning to CoinMarketCap, knowledge exhibits VIC has seen a big uptick prior to now 24 hours. Importantly, the token has added a 3.77% achieve to take a seat at $1.36 on the time of press. 

Equally, the commerce quantity has elevated by over 113% prior to now 24 hours. Presently, the token has a market cap of $131 million and is ranked because the 191st-ranked cryptocurrency community.