Press release. In another significant achievement, blockchain-based metaverse platform Division Network has just announced its official onboarding on Binance Custody. Therefore, the Custody Services arm of Binance will support deposits and withdrawals of DVI, the native token of the Division, on its platform. Support for DVI tokens on Binance Custody will be provided in a cross-chain manner, adding support for both the ERC-20 and BEP-20 versions of The Division’s native token.
What’s there to know?
Through Binance Custody’s official Twitter account, It has been announced that it is currently accepting DVI token deposits and withdrawals on its custody service for the Division Network. Binance Custody’s platform is undergoing an independent SOC 2 audit to certify its operational security. With this in mind, Binance uses secure MPC (Multi Party Computation) to spread control over client funds, significantly reducing the risks associated with centralization.
Furthermore, Division Network has established itself as an initiative that values security and transparency in token governance, having previously offered cold storage services using Coinbase Custody earlier last year. With the latest announcement regarding Binance Custody, the network seeks to expand its global footprint and continue to offer secure and exciting products, features and services.
What benefits do DVI holders get?
Thanks to the aforementioned onboarding, DVI token holders can now securely store their DVI tokens in Binance Custody’s offline, cold storage facility. In addition, Binance Custody gives institutional investors the ability to run a fully compatible storage service that can securely store virtual currencies through the use of state-of-the-art technology, security breakthroughs, and innovative processes.
Additionally, Binance Custody announced that it had acquired cold storage insurance in March. This insurance protects cryptocurrencies stored in cold storage from designated risk. It is underwritten by Arch Syndicate 2012 in Lloyds, London and brokered by LEAP (Emerging Asset Protection of Lockton), the world’s largest independent insurance brokerage, the expert team of Lockton Companies.
about the division
Based on Blockchain technology, Division Network is an NFT metaverse network that aspires to be the largest in the entire industry. Division Networks uses its virtual reality technology to create a state-of-the-art metaverse environment, reducing entry barriers for all types of users globally. As a result, designers, companies and general users can participate in a truly dynamic and memorable Metaverse experience. The Division’s website, Telegram, Medium, and . go to Twitter Channel for additional information and frequent updates.
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