Binance To Halt Withdrawal Of MAGIC Token

Binance To Cease Deposit And Withdrawal Of MAGIC Token

January 04, 2023 Story: Divya Sinha

Binance in the blog post announced the discontinuation of deposits and withdrawal of $MAGIC via the Ethereum network.

[{"selector":"#anim-11fe2b4e-e15b-4e5d-b1bb-85e68c38a770","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc5bfb20-1db5-4ed7-a65d-ae0cc8a3db6a","keyframes":{"transform":["translate3d(-93.65079%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

They will cease withdrawals of MAGIC, the native token of Treasure from Jan 05, 2023, at 02:00 UTC.

[{"selector":"#anim-9edbb10c-196b-4189-b37f-02a077dd50c4","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-137c88d4-507d-463d-91aa-6a2b6c1231d4","keyframes":{"transform":["translate3d(-95.4918%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

This is because the Treasure project team has fully migrated their operations to the Arbitrum One network.

[{"selector":"#anim-138dba57-d7db-4a1d-a22b-191265cebf45","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-23ae1110-4485-41de-ab40-da5141c84425","keyframes":{"transform":["translate3d(-91.43427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The blog post further detailed that deposits of Magic tokens via Ethereum network will no longer be credited to users’ accounts.

[{"selector":"#anim-5aca97a2-85c4-42e3-829f-3cbd09ae6ad8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b23f930f-df3b-477b-90d9-5964c71df510","keyframes":{"transform":["translate3d(-92.0082%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Also the deposits and withdrawals of MAGIC via the Arbitrum One network will remain unaffected.

[{"selector":"#anim-dfed8025-8a69-48cf-b125-19458b24e60c","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8941edc8-f81c-47cd-bfde-01117934e0ca","keyframes":{"transform":["translate3d(-89.2%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

According to CoinMarketCap, MAGIC’s ranking is 163, with a live market cap of $105,983,780 USD.

[{"selector":"#anim-500c210d-1dca-4810-bd06-cd4a52a81696","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f807acc-8e70-4659-b0fb-4b731bbafc1e","keyframes":{"transform":["translate3d(-102.6975%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

At the press time, the MAGIC token price is $0.514565 USD and is up by 2.67% in the last 24 hours.

[{"selector":"#anim-4642d2a0-b659-48c9-ae21-fcb1df594cfb","keyframes":{"opacity":[0,1]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8492ee06-cc01-4e73-a46b-cd661b811d6b","keyframes":{"transform":["translate3d(-91.63265%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96f91464-a653-430a-ad90-b8858a8953c9","keyframes":{"transform":["translate3d(-410.52638%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .8, 1)","fill":"both"}] [{"selector":"#anim-7243752c-59af-4a8b-be28-6f869b009bec","keyframes":{"transform":["rotateZ(-180deg)","rotateZ(0deg)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(.2, 0, .5, 1)","fill":"forwards"}] Read More Stories