The IOTA Rebased mainnet upgrade is expected to come off on May 5, with Binance and Bithumb announcing their support.
IOTA has cautioned that the current Firefly would not be supported after the upgrade; instead, a new official wallet would be presented.
The much-anticipated mainnet upgrade of the IOTA Rebased Protocol is set for Monday, May 5, as earlier disclosed by CNF. Fascinatingly, multiple crypto exchanges have declared their support with the latest coming from Binance and Bithumb.
In the announcement reviewed by CNF, Binance highlighted that the upgrade would start at approximately 7:00 UTC. However, deposits and withdrawals of all tokens on the IOTA network would be disabled at 6:00 UTC to ensure the best experience. Once the upgraded network is found stable enough, these disabled features will be reopened.
According to Binance, trading of IOTA network tokens would not be affected by its actions, and all technical requirements involving users would be adequately handl
