Binance has announced that it will support the rebranding of Kaia (KLAY) to Kaia (KAIA) and outlined key dates for the transition process, including the delisting of KLAY trading pairs and the launch of the new KAIA/USDT trading pair.
Key Timeline of Changes
- Delisting of KLAY Trading Pairs – October 28, 2024
- Time: 03:00 (UTC)
- Binance will delist the following KLAY spot trading pairs:
- KLAY/BTC
- KLAY/USDT
- All pending trade orders will be canceled, and Trading Bots services linked to these pairs will be disabled.
- Users are advised to update or cancel Trading Bots prior to the delisting to prevent losses.
- Suspension of Deposits and Withdrawals – October 28, 2024
- Time: 03:30 (UTC)
- KLAY token deposits and withdrawals will be suspended. Users are urged to ensure that any deposits are processed before this cutoff time.
- KAIA Token Launch – October 31, 2024
- Deposits for KAIA tokens will open at 07:00 (UTC).
- Trading for the KAIA/USDT pair will commence at 08:00 (UTC).
- Binance will issue a separate announcement regarding withdrawals of KAIA tokens once the transition is complete.
Rebranding Details
- The KLAY token will assume the KAIA ticker at a 1:1 conversion rate (1 KLAY = 1 KAIA).
- Following the rebranding, deposits and withdrawals of KLAY tokens will no longer be supported.
Impact on Binance Services
- Spot Copy Trading:
- KLAY trading pairs will be removed from Binance Spot Copy Trading on October 27, 2024, at 03:00 (UTC).
- Users should update or cancel their Copy Trading portfolios by this time to avoid losses.
- Any remaining assets will be transferred to users’ Spot Wallets.
Technical Support
Binance will manage all technical aspects of the rebranding for users. For additional details, Binance encourages users to review project team announcements.
This transition reflects Binance’s commitment to enhancing trading options and ensuring a seamless token swap for KLAY holders.
