Binance KDA: Crucial Pause for Kadena Upgrade – What You Need to Know
Main Idea
Binance will temporarily suspend Kadena (KDA) deposits and withdrawals to support the upcoming Kadena Network Upgrade and hard fork, ensuring a smooth transition for users.
Key Points
1. Binance will suspend KDA deposits and withdrawals on July 22, 2024, at 23:00 UTC to support the Kadena Network Upgrade and hard fork.
2. The Kadena Network Upgrade and hard fork are scheduled for July 23, 2024, at 00:00 UTC, aimed at improving scalability, fixing bugs, and enhancing the network.
3. Trading of KDA on Binance will generally not be affected unless explicitly stated; the suspension only impacts deposits and withdrawals.
4. Users holding KDA in self-custody wallets do not need to take action, but should ensure their wallets are updated post-upgrade for compatibility.
5. The temporary halt in deposits and withdrawals during upgrades ensures network stability and prevents transaction issues during the transition.
Description
BitcoinWorld Binance KDA: Crucial Pause for Kadena Upgrade – What You Need to Know Are you a Kadena (KDA) holder or planning to engage with KDA on Binance? If so, pay close attention! Binance, one of the world’s leading cryptocurrency exchanges, has made a significant announcement that directly impacts Binance KDA users. To ensure a smooth transition for the upcoming Kadena Network Upgrade and hard fork, the exchange will temporarily suspend Kadena (KDA) deposits and withdrawals. This is a commo...
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