Binance will support the rebranding of Kaia (KLAY) to Kaia (KAIA), and all necessary steps will be handled automatically by Binance. Here's a simplified breakdown of the key details:
Delisting of KLAY Trading Pairs:
On October 28, 2024, Binance will delist all KLAY trading pairs (KLAY/BTC and KLAY/USDT). All open KLAY trading orders will be canceled at this time. Trading for the new KAIA/USDT pair will open on October 31, 2024.Deposits and Withdrawals:
KLAY deposits and withdrawals will be suspended on October 28, 2024. You should ensure any KLAY deposits are completed before this time. Deposits for KAIA tokens will begin on October 31, 2024. After the transition, KLAY tokens will automatically convert to KAIA (1 KLAY = 1 KAIA).Futures:
Binance Futures will close all KLAYUSDT Perpetual Contracts on October 22, 2024, at 09:00 UTC. Users should close any open positions before this time to avoid automatic settlement. No new positions can be opened after October 22, 08:30 UTC.Trading Bots and Copy Trading:
Binance will cease Trading Bots and Spot Copy Trading services for KLAY pairs. Make sure to update or cancel your trading bots and portfolios by October 27, 2024, to avoid potential losses.
Summary:
There is no need to worry about the rebranding process. Binance will handle all technical details, ensuring that your KLAY tokens convert smoothly to KAIA without any action required from you. Just be aware of the important dates and make necessary adjustments if you’re using Futures or trading bots.
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