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Cryptocurrency Exchange Binance Will Distribute Ethereum PoW Fork To ETH Holders After Activation The merger.
We will provide more information on The Merge closer to the event.
Read full updates here ⤵️https://t.co/7F534F5HP4
– Binance (@binance) September 13, 2022
“If the ETHW chain survives, Binance will meet all technical requirements for all users with ETH and WETH on balance and credit the token fork at a 1: 1 ratio,” the exchange wrote.
The withdrawal of ETHW will be available after some time – the trading platform will inform this in a separate post.
In anticipation of the planned activation of The Merge on September 15, the exchange will take a number of additional measures, including the suspension of:
- deposit and withdrawal of WETH from 14 September;
- convert WETH funds into ETH.
Users who borrowed ETH will also have to repay the value of ETHW.
Holders of BETH will not receive Ethereum PoW token forks.
Formerly Binance put on guard on the imminent suspension of Ethereum and ERC-20 token input and output during the blockchain migration from Proof-of-Work (PoW) to Proof-of-Stake algorithm.
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