As the world's first platform to support the potential Ethereum fork, Poloniex will choose the PoW chain with the most computing power, strongest community consensus, and steady growth in blocks as the main chain for the original ETHW tokens. To provide better services to our users, Poloniex has decided to make following adjustments based on the latest market situation and the consensus of users and the community:
1. Token Conversion
Based on the community’s consensus, Poloniex will officially convert ETF as EthereumPoW (ETHW) on September 16, 2022 at 11:30 a.m. (UTC), which will last approximately 1 hour;
2. Snapshot & Airdrop
Poloniex has airdropped the new ETH token to your spot account at a 1:1 ratio with your ETHS balance recorded by the snapshot. Please check your account for the airdrop.
3. Spot Trading
Based on the latest consensus of the community, Poloniex will suspend the trading of the original ETF markets (USDT, USDD, and ETH) on September 16 at 11:30 a.m. (UTC). Please cancel any orders you have placed in advance, as all pending orders will be automatically canceled during the maintenance mode. Poloniex will resume the trading of the ETHW/USDT, ETHW/USDD, and ETHW/ETH markets on September 16, 2022 at 12:30 p.m. (UTC). The trading history of ETF's markets will be inherited by the corresponding new markets.
Note: Zero-fee trading still applies to ETHW/USDD, but not to ETHW/USDT and ETHW/ETH markets.
Risk alert: The ETH fork chain may terminate service due to insufficient computing power or a possible lack of support from developers or community members. This may cause the fork tokens to either lose value or be delisted from Poloniex. Poloniex does not guarantee the value of any fork tokens. Please be prudent before making any decisions.
September 16, 2022
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