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 that it will support the network upgrade and hard fork of the altcoin named Komodo (KMD).
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 on 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, Komodo, which has risen by about 10%, threw up to $ 0.265. However, KMD, which has given back some of its gains, is trading at $0.255 at the time of writing.
*Not investment advice.
