The most popular cryptocurrency exchange by trading volume, Binance, has declared its plans to turn withdrawal levels back to previous levels for the Tron network after it received community feedback.
According to an official statement, the exchange declared that it worked together with the team behind Tron to settle for a solution in view of cutting down withdrawal charges on the aforementioned network.
The crypto trading platform declared on the 10th of February that it will increase the charges after the community supporting Tron had a vote to alter the network’s mechanism for energy charging to an energy model that is more dynamic. The latter is reportedly meant to consume energy resources more reasonably for the chain and avoid a few contracts using an excessive amount of resources.
Following the change, USDT and USDC withdrawal charges more than doubled. Furthermore, the fees associated with TRX withdrawals rose 15 times. Justin Sun, the founder of Tron, declared on the 11th of February that the network reached out to Binance to work out a plan for reducing fees. He declared on Twitter that Tron sticks to turning crypto trading into a more affordable activity for everyone.