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Binance Announced For These Altcoins: Transactions Will Be Suspended!

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Binance, the largest cryptocurrency exchange in the world by trading volume, has shared announcements covering various altcoins. Here are the details…

Binance supports the Komodo (KMD) update.

Binance has announced that it will support the Komodo Network Update (KMD) and hard fork. The Komodo Network Update (KMD) and hard fork will happen at the height of the Komodo block 2,963,330. So, June 24, 2022 is 4:37 PM CEST. Deposits and withdrawals for KMD will be suspended approximately on June 24th at 3:37 pm. KMD trading will not be affected during network upgrade and hard fork. The Komodo Network Update (KMD) and hard fork will happen at the height of the Komodo block 2,963,330. Meanwhile, the estimated time is for users’ reference only.

The cause of the Bitcoin crisis in Binance was obvious!

Binance will meet all relevant technical requirements for all users who have KMD in their Binance account. Komodo Network Upgrade (KMD) and hard fork do not involve the creation of new tokens. Once the Binance team decides that the upgraded network is stable, it will restart deposits and withdrawals for KMD.

Change the size of the check mark for some pairs

In order to increase market liquidity and enhance the trading experience, Binance will adjust the tick size (i.e. the minimum change in unit price) of certain spot trading pairs on June 28, 2022 at 9 CEST. Updating the tick size will not affect existing spot orders. After the check mark size has been updated, orders placed prior to the update will continue to match the original check mark size. You can see the couples who will be affected by the change as follows:

Hard fork Beam (BEAM) support.

Binance will support the Beam (BEAM) network upgrade and hard fork. The Beam Network Update (BEAM) and hard fork will occur at a block height of 1,820,000. BEAM deposits and withdrawals will be suspended from approximately 24 June 20 CEST. Just like Komodo, BEAM trading will not be affected during network upgrade and hard fork.

Portfolio maintenance takes place for the TRON network

Binance will perform portfolio maintenance for TRON Network (TRX) on June 23rd at 09:00 CET. Maintenance will take approximately one hour. Token trading on TRON Network (TRX) will not be affected during portfolio maintenance. Deposits and withdrawals on TRON Network (TRX) will be suspended from June 23rd at 08:55 CEST. Finally, withdrawals and deposits will reopen after maintenance.

Binance warns of these Altcoins

Binance will support the OGV airdrop for OGN holders

Binance has announced that it will support the Origin Dollar Governance (OGV) airdrop for Origin Protocol (OGN) holders. The time of the final snapshot is determined by the OGN team. It will take place from 5 to 12 July. After being informed by the OGN team about the exact snapshot time, the exchange will take a snapshot of the OGN tokens held by users.

Binance Margin will suspend isolated margin lending for OGN / USDT and OGN / BTC from July 5th. Isolated margin trading will continue for these pairs after the snapshot is taken. Binance will make a separate announcement to inform users about the timing of the final snapshot and the completion of the OGV airdrop distribution.

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