Added support for BEP20 network and increased withdrawal limits for USDT(TRC20) and TRX coins
Henbbo informs all our investors that the minimum withdrawal limits for Tether USDT (TRC20) and TRON (TRX) coins have been increased to $9. This forced change is due to the fact that the cryptocurrency exchange Binance, payment services of which Henbbo uses, has revised the structure of fees for the withdrawal of assets.
Binance's decision was due to the adoption of a new transaction fee model in the Tron (TRX) network. This has already been supported by validators. The new model involves the introduction of a mechanism for dynamically calculating commissions, taking into account the final energy consumption of the execution of contracts.
Binance believes that the new model will be able to increase the cost of low-value and scams transactions. That, in turn, will increase the stability of the network and provide new opportunities for the development of the Tron ecosystem.
Henbbo certainly supports the initiatives of crypto market participants aimed at strengthening it. At the same time, the fund strives to maintain the most favorable conditions for its investors.
Therefore, while fully maintaining transaction support for the TRC20 network, as an alternative, we are opening support for a new network for USDT - BEP20. This network is the Binance Smart Chain token standard, which, allows you to transfer your tokens between different blockchains. At the moment, BEP20 is a good, cheaper and faster alternative to Tron, which became more expensive. Minimum withdrawal amount - $3.