Binance, one of the leading cryptocurrency exchanges, announced support for the upcoming network upgrades of altcoins Terra Classic (LUNC) and Kava (KAVA).
Binance Will Support Network Upgrades of Altcoins Terra Classic (LUNC) and Kava (KAVA)
The Terra Classic (LUNC) network upgrade is scheduled to occur at a Terra Classic block height of 12,812,900, which is predicted to occur around 2023-05-17 17:03.
To facilitate the smooth implementation of the upgrade, Binance will suspend deposits and withdrawals for LUNC and USTC via the Terra Classic (LUNC) network from approximately 2023-05-17 16:30.
Users are advised to complete necessary actions before suspending to avoid any inconvenience.
Similarly, the Kava (KAVA) network upgrade is set to occur at the Kava block height of 4,832,500, which is expected to occur around 18:00 on 2023-05-17.
In preparation for the upgrade, Binance will temporarily suspend KAVA deposits and withdrawals from approximately 2023-05-17 17:30.
Users are advised to plan their activities accordingly and ensure that necessary actions are completed before the suspension period begins.
Network upgrades are essential for blockchain projects as they bring new features, increase security, and improve overall performance.
By supporting these upgrades, Binance aims to ensure smooth transitions and provide a reliable trading environment for its users.
In conclusion, Binance's support for Terra Classic (LUNC) and Kava (KAVA) network upgrades demonstrates its commitment to providing a safe and reliable trading environment.
Users are advised to consider the deposit and withdrawal suspension timelines and be aware of any other updates from Binance regarding network upgrades.
*Not investment advice.
