- Binance supports Fetch.ai and Terra Classic Upgrades.
- Binance will temporarily suspend deposits and withdrawals of FET and LUNC.
- The upgrade period will not affect trading activities involving FET and LUNC.
Binance, one of the leading cryptocurrency exchanges, has confirmed its support for the upcoming network upgrades of Fetch.ai (FET) and Terra Classic (LUNC). The upgrades are set to enhance the functionality and performance of these blockchain networks, providing users with improved features and stability.
The Fetch.ai (FET) network upgrade is scheduled at the Fetch.ai block height 11,235,813, estimated to be around 2023-05-23 13:00 (UTC). In preparation for the upgrade, Binance will temporarily suspend deposits and withdrawals of FET starting from 2023-05-23 at 12:00 (UTC). However, it’s important to note that trading of FET will continue uninterrupted during this period.
Similarly, the Terra Classic (LUNC) network upgrade will occur at the Terra Classic block height of 12,902,400, expected to be around 2023-05-23 22:00 (UTC). Binance will temporarily suspend deposits and withdrawals for LUNC and USTC via the Terra Classic network, starting from 2023-05-23 at 21:30 (UTC). However, this period will not affect trading activities involving LUNC and USTC.
Binance has assured its users that the exchange will handle all technical requirements related to the network upgrades. Users holding FET, LUNC, and USTC in their Binance accounts can rest assured that their assets will be safe and secure during the upgrade process, according to Binance.
Following the network upgrades, Binance will monitor the stability of the upgraded networks before reopening deposits and withdrawals for FET, LUNC, and USTC. Users will not be notified through a separate announcement, so staying updated with Binance’s official channels for the latest information is recommended.
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