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Binance, the world's largest cryptocurrency exchange, continues its altcoin announcements.
At this point, Binance, which recently made an announcement for the altcoins named Shentu (CTK) and Conflux Network (CFX), announced that it will support the network upgrade and hard fork for CTK and CFX.
Stating that the Shentu (CTK) upgrade will take place on 06.09.2023 13:30 UTC, Binance made the following statements in its statement:
“Binance will support Shentu (CTK) and Conflux Network (CFX) network upgrades and hard forks.
The CTK upgrade and hard fork will take place at approximately 06.09.2023 13:30 (UTC). CTK deposits and withdrawals will be stopped as of approximately 06.09.2023 at 12:30 UTC.
The CFX network upgrade and hard fork will occur during the 79,050,000 Conflux period. CFX deposits and withdrawals will be suspended starting approximately 07.09.2023 at 16:00 UTC.
CTK and CFX trading will not be affected during network upgrades and hard forks.
Binance will meet all necessary technical requirements for all users holding CTK and CFX in their Binance accounts.
Shentu (CTK) and Conflux Network (CFX) network upgrades and hard forks will not result in the creation of new tokens.
“Once we consider the upgraded networks to be stable, we will reopen deposits and withdrawals for CTK and CFX and will notify users at further notice.”
Following the Binanvce announcement, CTK experienced a 2.23% increase, while CFX experienced a 1% increase.
*This is not investment advice.