16 days ago 1 min read

Helium: After Migration, Native Sub DAO Tokens Will Instantly Redeemed In Wallet

helium network-binance-defi-metaplex-solana-blockchain

In a post titled "Answer to Binance.US" that was published on March 14 by the decentralized wireless communication network Helium, it was stated that Binance.US had disclosed intentions to delist HNT/USD and HNT/USDT transactions on March 21, 2023, before to the Solana migration.

The decentralized wireless communication network Helium stated in a post titled "Response to Binance.US" published on March 14 that Binance.US has divulged intentions to delist HNT/USD and HNT/USDT transactions on March 21, 2023, prior to the Solana migration.

The Foundation will keep in touch with Binance.US and inform them of the network's core objectives and course of development. The Foundation is still committed to the move since it will significantly boost network utility and free up funds for our ultimate objective—a ubiquitous, affordable communication layer for all people and things.

After the transfer, the Wallet app will permit native subDAO token redemption (as outlined in HIP 70) and more connectors inside Other DeFi platforms, allowing HNT to trade in more decentralized marketplaces. The Upgrade Readiness Working Group, the Solana Foundation, and other ecosystem initiatives like Clockwork, Helius, Jupiter Aggregator, Metaplex, Pyth, Sec3, Squads, Switchboard, and others have the support of our community, and we couldn't be happier to be moving forward with their help.

Helium will start traveling to Solana on March 27. The Helium Network would move to the Solana blockchain on March 27th, according to a whitepaper published by the Foundation on February 19. To oversee the migration procedure and guarantee a smooth transition, the Helium Foundation is creating an upgrade preparedness team of community volunteers.

The upgrade will take place over a 24-hour period starting at around 23:00 Beijing time on March 27 and will have an impact on all wallets, hotspots, and Helium network functionality. The current Helium blockchain will be taken offline on March 27 for a 24-hour transition period. Operations using Proof-of-Coverage and data transfer won't be impacted.

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