Notice Regarding The Upcoming Ethereum Merge

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About the Merge

With the Merge, Ethereum is anticipated to move to Proof-of-Stake (PoS) on or around September 15, 2022 making it more secure, less energy-intensive, and better for implementing new scaling solutions.

>>> Learn more about the Merge HERE

What does the Merge mean for Tokenize Xchange users?

During the Merge, we will briefly pause new Ethereum (ETH) and ERC-20 token deposits and withdrawals at approximately 2022–09–15 00:00 (UTC) for the Paris execution layer upgrade.

You will be informed via our social media channels when ETH and ERC-20 tokens are available for deposits and withdrawals again.

After the merge, one or more competing chains may emerge and a new forked PoW ETH may be created. In the event of such a chain split, users on Tokenize will be credited the forked PoW ETH at a ratio of 1:1, based on the snapshot of ETH balances before the Paris execution layer upgrade.

Kindly note that ETH deposited under Crypto Earn and Dual Earn will not be included in the snapshot. Further details regarding the airdrop distribution and any new trading pairs will be announced separately.

Tokenize Xchange reserves the right to update the treatment of any chain split at any time.

Snapshot and Qualifying users

– Snapshot: Current estimation lies at the ETH mainnet block height of 15,540,293 or approximately at 2022-09-15 00:30 (UTC)

– Qualifying component: ETH that is in the wallet. ETH on earn won’t be qualified

– Qualifying duration in the wallet: 2022-09-14 00:00 (UTC) to 2022-09-16 00:00 (UTC) 

If you have any further enquiries, please feel free to reach out to the team at [email protected].

Disclaimer
Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.

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