Poloniex, one of the world’s biggest crypto exchanges, reveals that it completely supports the Ethereum Merge with listing of 2 potential forked ETH tokens: ETHS & ETHW, with start date of trading on August 8.
Through its more than eight-year history in the crypto area, Poloniex has been constantly supporting the Ethereum community that it was the world’s very first crypto exchange to list ETH. Although time passes, the exchange’s support to the community stays the same that it likewise ended up being the initially exchange to reveal complete support for the Ethereum Merge by noting potential forked ETH tokens: ETHS and ETHW, 2 of which represent the brand-new PoS (evidence-of-stake) chain and PoW (evidence-of-work) chain respectively.
“We’ve witnessed the consensus mechanism of PoW as a key factor driving the expansion of the Ethereum ecosystem, and are willing to continue to support the development of the community.” H.E. Justin Sun, Founder of TRON and financier of Poloniex, made the statement on Twitter. “We currently have more than 1 million ETH. If the Ethereum hard fork succeeds, we will donate some forked ETHW to the community and developers to build the Ethereum ecosystem.”
Prior to the authorities Ethereum upgrade, ETH holders on Poloniex can swap their ETH into either of the aforementioned tokens at a 1:1 ratio, and the exchange will likewise take matching steps to secure users’ properties and alleviate the threats from market volatility throughout the merge.
For more info, please see https://support.poloniex.com/hc/en-us/articles/7911509585559-Poloniex-supports-lists-Ethereum-ETH-potential-hard-fork-tokens.
Poloniex was established in January 2014 as a worldwide cryptocurrency exchange. With its first-rate trading platform and security, it got financing in 2019 from distinguished financiers consisting of H.E. Justin Sun, Founder of TRON. Poloniex supports area and futures trading in addition to leveraged tokens, and its services are readily available to users in almost 100 nations and areas with numerous languages readily available, consisting of English, Turkish, and Vietnamese.
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