Dearcoinupusers:
????AsETH2.0'Mergeupdateisaroundthecorner,thismilestoneinevitablysparksalotofdiscussioninthewholecryptocommunity.CoinUphasbeenpayingcloseattentiontothisupdate.CoinUpisadigitaltradingplatformdedicatedtoexploringthefutureecologicalconstructionofblockchainandresponsiblefortheassetsecurity.Meanwhile,wevalue?the?consensusofcommunityonhardfork.
???CoinUpwillfullysupporttheupdatewitharesponsibleattitudetowardsusers'assets.Tomitigatetheriskscausedbymarketvolatilityduringthehardforkandsafeguardtheassetsofourusers,CoinUphasdecidedtodistributethepotentialforked"Candy"TokenETHWtoETHholdersandenable"Candy"TokenETHW'stradingasfollows:?
1.Potentialforkedtokens?ETHSandETHW?explained:ETHS(ETHPoS)?representsthetokenforthenewPoS(proof-of-stake)chain.ETHW(ETHPoW)?representsthetokenforthePoW(proof-of-work)chainthatwillpotentiallycontinuetoexist.?
2.Swapperiodofpotentialforkedtokensexplained:PriortotheETH2.0upgrade,ETHholdersonCoinUpcangototheSwapPagetoswaptheirETHintotwo"potentialforked"tokens,ETHSandETHWata1:1ratiosince?19th,August,20225:00PM(SGT).UsersarealsoallowedtoswaptheirETHSandETHWbackintoETHatthesameratiobeforetheupgrade.Meanwhile,deposit&withdrawof?ETHS?and?ETHW?willnotbeavailable.?
3.Tradingforpotentialforkedtokensexplained:Tradingwillbeginon?13th,August202210:00AM(SGT)；TradingPairs:?ETHS/USDT；ETHW/USDT
CoinUpwilltakeasnapshotoftheETHSholders'accountsbeforetheupgrade.IftheETH2.0endsupwithmorethanonechain,ETHSwillbeautomaticallyconvertedintotheupgradedETHata1:1ratioandtheETHSwillbedelisted,andthePoWchainwiththemosthashratewillserveasthemainchainofETHW.CoinUpwillalsosupportPoWchainresultingfromthehardfork,andrenameETHWincasethecommunityrequiresustodo.?
Butifthehardforkendsupfailing,TheETHsymbolwillberetained.AndETHSandETHWwillbedelistedalltogether.UserscanswaptheirETHSandETHWtokensbackintoETHat1:1ratio(1ETHS1ETHW=1ETH).
1:1ratiomeansthatthenumberofETHSandETHWmustbeequalwhentheuserexchangesETHSandETHWforETH.Forexample:Ifauserholds1ETHWand2ETHS,theycanonlyexchange1ETH.CoinUpcalculatestheminimumamountofETHthatcanbeexchanged.
Inordertoensurethesmoothoperationofthemarketasmuchaspossible,CoinUpwillannouncethesubsequentannouncementinlinewithmarketsituation?andopinionsandconsensusfromCoinUpcommunityusers.PleasenoticethatCoinUpreservesthefinalinterpretationtomakereasonablechangesandadjustmentsinthisscheme.
RiskTips:
Thereisfull?of?uncertaintyaround?ETHforked?tokens?andCoinUp?doesnotmakeanycommitmenttothevalueofanyoftheforked.
Usersshouldmakerationaljudgmentsandprudentdecisions,andconsidertherisktoleranceoftradingdigitalassets.
CoinUp,BeaGlobalCryptoOasis
TradeSafe,Fast,StableCoinUpTeamAugust13nd,2022
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