#Binance news update :
Binance will support the #Komodo ( $KMD ) network upgrade and hard fork, which will take place at the Komodo block height of 3,484,958, or approximately at 30-06-2023 07:07 PM.
Deposits and withdrawals of KMD will be suspended approximately starting from 30-06-2023 06:30 PM.
The trading of KMD will not be affected during the network upgrade and hard fork.
Binance will handle all technical requirements involved for all users holding KMD in their Binance accounts. The Komodo (KMD) network upgrade and #hardfork will not result in new tokens being created.
Binance will reopen deposits and withdrawals for KMD once Binance deems the upgraded network to be stable. Binance will not notify users in a further announcement.
What does this mean for KMD holders?
KMD holders should be aware of the network upgrade and hard fork and take the necessary steps to protect their funds. Binance will handle all technical requirements involved, but it is important for KMD holders to keep their funds in a secure wallet during the upgrade and hard fork.
What does this mean for Binance users?
Binance users who hold KMD will not be able to deposit or withdraw KMD during the network upgrade and hard fork. However, the trading of KMD will not be affected. Binance will reopen deposits and withdrawals for KMD once the upgraded network is deemed to be stable.
Stay tuned for more updates on the Komodo (KMD) network upgrade and hard fork.
