Binance Supports Terra Classic and Kava Mainnet Upgrades
Binance Endorses Network Upgrades
Binance, the leading cryptocurrency exchange, has declared its support for the upcoming network upgrades of Terra Classic v2.0.1 and the Kava 13 mainnet. These upgrades will involve temporary suspensions of deposits and withdrawals for specific cryptocurrencies.
Terra Classic and Kava Upgrade Details
The Terra Classic (LUNC) upgrade is planned for block height 12,812,900, scheduled around 14:03 (UTC) on May 17. Due to this, Binance will pause LUNC and USTC transactions via the Terra Classic network starting approximately at 13:30 (UTC) on the same day. This initiative is aimed at improving the network's functionality and security.
Similarly, the Kava (KAVA) network upgrade will occur at block height 4,832,500, around 15:00 (UTC) on May 17, with Binance suspending related deposits and withdrawals from about 14:30 (UTC). These upgrades are essential for maintaining network efficiency and user experience.
Trading Continues Uninterrupted
Despite these temporary suspensions, trading activities for LUNC, USTC, and KAVA on Binance will proceed without interruption. This ensures that users can continue their trading operations while the necessary upgrades are implemented.
Technical Management by Binance
Binance reassures its users that it will manage all technical procedures required for the upgrade. Users holding LUNC, USTC, and KAVA in their accounts will not need to take any action. Once the networks are confirmed stable post-upgrade, deposits and withdrawals will resume automatically.
These proactive measures by Binance highlight its commitment to supporting blockchain advancements while ensuring minimal disruption to users.
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