Binance to Halt TOMO Deposits, Withdrawals
Binance has announced plans to suspend deposits and withdrawals of TOMO on its platform and payment channels as the project’s team undergoes a rebranding.
TomoChain announced its rebranding to Viction, and the project’s ticker will change from TOMO to VIC to symbolize the new name.
The pause will take effect on November 2023 at 03:33 UTC, after users have fully processed their TOMO transactions. Binance will make a separate announcement on when users can resume trading activities once the rebranding is complete.
Viction, which launched five years ago, aims to demonstrate its dedication to the ever-changing blockchain market. However, the team clarified that the changes will be purely symbolic and will not involve any technical adjustments to existing smart contracts, tokenomics, or token supply.
VIC has seen a significant uptick in the past 24 hours, with a 3.77% gain to $1.36 and over 113% increase in trade volume.
(With inputs from Shikha Singh)
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