Dvision Network, a blockchain-based metaverse platform, has today
Confirmed its formal enrollment on Binance Custody, marking yet another significant milestone.
As a result, Binance's custodial services arm will accept Dvision's native cryptocurrency, DVI, for deposits and withdrawals on its platform. The DVI token will be supported on Binance Custody in a cross-chain fashion, including support for both ERC-20 and BEP-20 versions of the Dvision native token.
What is there to know?
Binance Custody has informed on its official Twitter account that it is now allowing DVI token deposits and withdrawals for Dvision Network on its custody service. The platform of Binance Custody is receiving an impartial SOC 2 audit to ensure its operational security. With this in mind, Binance uses secure MPC (multi-party computation) to spread control over customer assets, decreasing the risks associated with centralization greatly.
Furthermore, Dvision Network has positioned itself as a token administration project that prioritizes security and accountability, having already supplied cold storage services through Coinbase Custody earlier this year. With the recent news about Binance Custody, the network aims to broaden its worldwide reach while continuing to provide secure and engaging goods, features, and services.
What benefits do DVI holders get?
DVI token holders can now safely keep their DVI tokens in Binance Custody's offline, cold storage service, thanks to the aforementioned integration. Furthermore, via the use of cutting-edge technology, security advancements, and new practices, Binance Custody provides institutional investors with the capacity to run a completely suitable storage service that can safely hold virtual currencies.
In March, Binance Custody also revealed that it has obtained cold storage insurance. This insurance covers cryptocurrencies in cold storage against a specific hazard. It is underwritten by Arch Syndicate 2012 at Lloyd's of London and brokered by Lockton Companies' specialized team LEAP (Lockton's Emerging Asset Protection), the world's largest independent insurance brokerage.
About Division
Division Network is an NFT metaverse network based on blockchain technology that wants to be the best in the business. Dvision Network creates a cutting-edge metaverse environment with its own virtual reality technology, lowering entry obstacles for all types of users around the world. As a result, designers, businesses, and regular users can enjoy a truly unique and unforgettable metaverse experience.
