Dear CoinEx users,
Due to the ongoing maintenance of KMD, we are planning to suspend KMD deposit and withdrawal in a designated period to ensure our users’ assets security. The details are as follows.
KMD Deposit & Withdrawal：
Close on: June 22, 2020 (UTC)
Estimated time to reopen: Depends on the maintenance progress.
1. Trading and inter-user transfer of KMD trading pairs on CoinEx will not be affected during this period.
2. We will keep you updated if there’s any latest information.
Komodo is a multi-chain structure open platform combined with Zcash’s anonymity and Bitcoin’s security Komodo is Zcash fork, focusing on privacy, and its consensus mechanism has been improved based on POW, called the delayed work proof DPOW. The information in the Komodo system will be snapshotd every 10 minutes. This information contains the status of the address balance on chain. Up to 64 nodes will verify the information and upload it to the Bitcoin blockchain for backup.So the security of the bitcoin hash value can adds protection to Komodo.
CoinEx reserves the right of final interpretation of this announcement.
June 22, 2020