blockchainreporter.net
Leading cryptocurrency exchange Binance has revealed its plans to support the upcoming updates to the Terra Classic (LUNC) and Kava (KAVA) networks. The upgrades aim to enhance the functionality and performance of these blockchain platforms. Earlier this week, Binance launched its exclusive reward hub for clients.
Binance Ensures Uninterrupted Trading for USTC, LUNC, and KAVA during Network Upgrades
The Terra Classic (LUNC) network upgrade is scheduled to occur at block height 12,812,900 on the Terra Classic blockchain. It is estimated to be around 2023-5-17 14:03 (U.T.C). Commencing from 2023-5-17 13:30 (U.T.C), the LUNC and USTC deposits and withdrawals on the Terra Classic network will be temporarily suspended. Users are advised to take note of this change, as it is expected to take effect shortly.
Similarly, the Kava (KAVA) network upgrade will be implemented when the Kava block height reaches 4,832,500, around at 2023-05-17 15:00 (U.T.C). Starting from 2023-05-17 14:30 (U.T.C). KAVA users will no longer have the ability to deposit or withdraw the cryptocurrency until the upgrade is completed.
It is important to mention that these network maintenance activities will not disrupt the trading of, USTC, LUNC or KAVA on the Binance platform. Traders and investors can continue to engage in transactions involving these digital assets without any interruptions.
Binance Clarifies Language Discrepancies in Announcement
Binance assures its users that it will handle all necessary technical requirements related to the LUNC, USTC, and KAVA tokens held in Binance accounts. This proactive approach ensures that users’ assets remain secure and unaffected during the network upgrades.
Following the successful implementation of the upgrades and the confirmation of network stability, Binance will reopen the deposit and withdrawal functionalities for USTC, LUNC, and KAVA tokens. However, users will not be notified separately about this change, so they should stay updated with the latest developments.