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Binance Will Support the Kaia (KLAY) Rebranding to Kaia (KAIA)

Binance Will Support the Kaia (KLAY) Rebranding to Kaia (KAIA)

2024-10-21 09:00

Fellow Binancians,

Binance will support the Kaia (KLAY) rebranding to Kaia (KAIA).

At 2024-10-28 12:00 (UTC+9), Binance will delist all existing KLAY spot trading pairs (i.e., KLAY/BTC) and cancel all pending KLAY spot trading orders. 

General

  • Deposits and Withdrawals

    • At 2024-10-28 12:30 (UTC+9), deposits and withdrawals of KLAY tokens will be suspended. Please ensure that you leave sufficient time for your KLAY token deposits to be fully processed prior to this time.

    • Deposits of KAIA tokens will be opened at 2024-10-31 16:00 (UTC+9).

    • Binance will make a separate announcement after the event is completed to notify users when withdrawals of KAIA tokens have opened.

    • After the event is complete, deposits and withdrawals of KLAY tokens will no longer be supported.

    • Binance will handle all technical requirements for users who are involved in this event.

    • Users may refer to the announcement from the project team for more information.

Rebranding

  • KLAY tokens will assume the ticker of KAIA tokens on Binance (i.e., 1 KLAY = 1 KAIA).

Spot

  • At 2024-10-28 12:00 (UTC+9), Binance will delist and cease trading on all spot trading pairs for KLAY. 

  • The exact trading pairs being removed are KLAY/BTC.

  • All trade orders will be automatically removed after trading ceases in each respective trading pair.

  • Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2024-10-28 12:00 (UTC+9), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.

Convert

  • Binance Convert will maintain a sell-only function for KLAY and all associated pairs from 2024-10-24 12:00 (UTC+9) to 2024-10-28 11:00 (UTC+9). Binance Convert will subsequently delist KLAY and all associated pairs at 2024-10-28 11:00 (UTC+9).

Binance Auto-Invest

  • Binance Auto-Invest will delist KLAY after 2024-10-23 12:00 (UTC+9). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token will fail.

Thank you for your support!

Binance Japan Team

2024-10-21

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Binance Japan reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

General Risk Warning

  • Crypto assets are not "legal tender" whose value is guaranteed by the government, such as the Japanese yen or dollar. They are electronic data exchanged over the Internet.

  • Crypto assets can incur losses due to price fluctuations. You may lose money if the price of a crypto asset plummets or suddenly becomes worthless.

  • Crypto assets may not trade at the price or volume you ordered due to market conditions or liquidity fluctuations.

  • Cryptographic assets may lose their value due to the failure of the blockchain or other recording mechanisms.

  • If the login information used for electronic authentication is compromised, a third party may misuse that information, which could result in losses to you.

  • If you use a self-managed wallet, etc. and lose your private key or password, you may not be able to use the cryptographic assets you hold and may lose their value.

  • Although the Company manages customers' assets separately from the Company's assets, in the event of the Company's bankruptcy, the Company may not be able to return the deposited money and cryptographic assets.

  • Cryptographic assets may be used for payment in lieu only with the consent of the person receiving payment in lieu.

  • The price of crypto assets varies between the purchase price and the sale price.