Binance’s Statement on Bitcoin Diamond (BCD)
Binance yesterday released statement on Bitcoin Diamond stating its stance on the fork scheduled to happen today, in the statement it reads;
Binance is preparing for the upcoming Bitcoin Diamond (BCD) hard fork (estimated to occur on 2017/11/24) with the following procedures:
Before the potential fork, Binance will take a snapshot of all Bitcoin balances in Binance accounts （including BTC held in open orders) at Block 495,866. After we determine the forked blockchain and wallet to be usable and stable, Binance will credit users with their BCD (1BTC will give 10BCD).
For the trading and listing of BCD on Binance, BCD will go through the same strict listing review process as Binance does for any other coin/token. The default position we have is no listing.
If you are unsure on how to deal with the technical issues regarding Bitcoin forks, feel free to deposit your Bitcoins in your Binance account in advance of the fork and we will handle it for you and ensure you will have all potential assets after the fork.
Going forward, we foresee there to be many coins forked off of BTC. Binance is not supportive of forks that occur simply for the sake of forking.
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