The world’s largest cryptocurrency exchange Binance, added a new one to its frequent altcoin announcements today.
In this context, Binance announced in its latest announcement. Komodo (KMD) announced that the altcoin will support network upgrade and hard fork.
Binance made the following statements in its announcement:
“Binance will support Komodo (KMD) network upgrade and hard fork.
The Komodo (KMD) network upgrade and hard fork will occur at approximately 30/06/2023 at 13:37 UTC.
KMD deposits and withdrawals will be suspended from approximately 30.06.2023 at 13:00 UTC.
KMD trading will not be affected during network upgrade and hard fork.
Binance will fulfill all relevant technical requirements for all users holding KMD in their Binance account.
Komodo (KMD) network upgrade and hard fork do not cause new tokens to be created.
We will reopen deposits and withdrawals for KMD once we consider the upgraded network stable.”
After Binance’s announcement, there was an increase of about 10%. Komodo It pinned up to $0.265. However, KMD, which gave back some of its gains, is trading at $0.255 at the time of writing.
*Not investment advice.
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