Important: Potential Binance Delisting

I never told anyone, but at the time I bought my first Zcash on binance, I dreamed about Zcash. In the dream she was adopted worldwide and her value rose exponentially. In my opinion, Zcash is a safe currency and far superior to fiat money, even more so now with virtual currencies from central banks that will give maximum power to the government. I feel more and more secure with Zcash, the government may know I have Zcash, they may charge me fees, but they will never get their hands on my Zcash.

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what is TEX address and why do we need it to transfer ZEC. why do wallets need update?
is this not the same address type as previously? visible address of Zec?

All of the discussion to answer this question is upthread, but it has been summarized and formalized in ZIP 320: Defining an Address Type to which funds can only be sent from Transparent Addresses

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How is the project progressing? any news about binance?

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I can provide a quick update: Following feedback from Binance, we’ve chosen to implement the TEX Address option over the Unified Address option. Kris and Daira are finalizing the parsing logic and revising the ZIP 320 specification accordingly.

We’re planning to start rolling out this update to wallets, exchanges, and our SDKs beginning in March. The precise timeline for the rollout is still being finalized. We will provide a more detailed update with additional information in early mid March.

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Thank you, @aquietinvestor, your efforts are truly appreciated by everyone here. :sparkling_heart:

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I’m thrilled about this update! It feels like we’re making great progress by choosing the TEX Address option. I’m eager to see the community’s response to this exciting development!

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Thanks!

In various trainings I’ve given on Zcash these days people always prefer and opt for Binance, so it’s good to know this is in the works.

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everything I bought from Zcash was through binance. In the country where I live, Binance is the cheapest and most intuitive way to buy cryptocurrencies.

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That the answer to the problem we just need someone to build it.

any updates on that monitoring tag on binance to get turned off?

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This “Monitoring” is the biggest manipulation ever

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i don’t get why it hasn’t changed, i thought they accepted the solution?

do we have to wait until implemented to not look like a scam in the middle of the bull market?

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any update? :hugs:

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Please note that regardless of what technical solutions are implemented and what Binance’s current position is at the moment, they have a clear policy to include/exclude coins from the monitoring list starting in 2023. The revision happens exclusively in the first week of the new quarter. Previously, it happened on October 4th and January 4th:

“The list is updated on the 1st week of every quarter (Jan, Apr, Jul, Oct).”

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Apologies for the delay. I’ll provide an update early next week.

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TEX support was added to Ywallet.

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so we have to get it done soon if we don’t want to have that monitoring tag for another 3 months

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What can we do to help?

I think if the community increases engagement both on binance and social media, Binance would rethink delisting

Activity is important IMO

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Draft update to ZIP 320 to select the TEX Address option: ZIP 320: choose TEX Address alternative by daira · Pull Request #798 · zcash/zips · GitHub

Work-in-progress on an implementation for zcash_client_backend: WIP: add support for transparent-source-only addresses by daira · Pull Request #1257 · zcash/librustzcash · GitHub

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