Ethereum 2.0's Merge upgrade is scheduled to take place in September 2022. CoinWwill support Ethereum's upgrade and its potential hard fork. If successful, two parallel blockchains could be created after the upgrade. All ETH holders on CoinW will receive the forked assets at a 1:1 ratio when the upgrade is completed.
1. CoinW will take snapshots of all ETHS balances before the upgrade. If the ETH 2.0 upgrade ends up with more than one chain:
ETHS will be automatically converted into the upgraded ETH at a 1:1 ratio and the ETHS market will be closed.
After the hard fork, the PoW chain with the most hashrate will serve as the main chain of ETHW. ETHW held by users will be automatically converted into the upgraded ETHW.
CoinW will also support other PoW chains resulting from the fork if any, and fully respect the community's opinions on token naming.CoinW will adapt the token's name to the final community consensus.
For details about the snapshot and airdrops, please follow our upcoming announcements.
2. If ETH 2.0 upgrade is completed without a fork
The ETH symbol will be retained. In this case, CoinW will suspend and delist ETHS, ETHW, and their associated markets.
3.CoinW will open the ETHW/USDT，ETHS/USDT trading pairs on the mainstream zone on 8/10 7:00 (UTC). (The deposit and withdrawal function is temporarily closed)
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