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Notice Regarding the Upcoming Ethereum London Hard Fork

BitMart

Jenis terkait: Others

2021-08-03 15:33

Dear BitMart Users:   At block height 12,965,000, or approximately 2021-08-05 11:55 (UTC), the Ethereum (ETH) blockchain is scheduled to undergo the London Hard Fork.   In the event that the hard fork might result in an additional token, BitMart has taken the following steps to reduce the trading risks brought about by price volatility and to maintain the safety of user funds during the hard fork as per the following:   1. ETH Deposits & Withdrawals BitMart will suspend ETH and ERC-20 tokens deposits and withdrawals at 4:00 AM on August 5, 2021 (EDT). Please ensure that you leave sufficient time for your ETH and ERC-20 tokens transfers to be fully processed prior to the above time. We will handle all technical requirements for users holding ETH and ERC-20 tokens on BitMart.   2. Regarding the ETH Hard Fork The two likely scenarios to occur with the Ethereum (ETH) London mainnet activation are:   Scenario A: No new token is created. BitMart will then resume ETH and ERC-20 tokens deposits and withdrawals as soon as possible. A further announcement will be posted.   Scenario B: The chain splits into two competing chains and a new token is created. BitMart will credit users with ETH from the chain with the most work done. We will then also credit users with the token from the minority chain at a ratio of 1:1 based on the snapshot of ETH balances at block height 12,965,000, or approximately 2021-08-05 11:55 (UTC) as stated above. Further details regarding this distribution will be stated in a separate announcement. BitMart reserves the right to update the treatment of the chain split in a further announcement.   3. ETH and ERC-20 Tokens Spot Trading ETH and ERC-20 tokens spot trading will not be affected. Please ensure you take sufficient risk measures as price volatility is often high during contentious hard forks.   4. ETH Futures Trading The trading of ETH/USDT Futures Contracts will continue unaffected.    5. Buy Cryptocurrency BitMart will suspend the Buy Cryptocurrency feature for ETH and ERC-20 tokens (https://www.bitmart.com/buy-sell-crypto/en) at 4:00 AM on August 5, 2021 (EDT).   Further notes: - Unconfirmed ETH deposits, pending ETH withdrawals, and ETH used as loan collateral will not be counted in user snapshot balances. - A further announcement will be made regarding the timing of deposits and withdrawals resuming, as well as further information about the ETH chain split that may affect the above. - The Ethereum network upgrade & hard fork will take place at Ethereum mainnet block height of 12,965,000. The estimated time is for users’ reference only and is subject to change depending on block propagation times. For further information, please refer to the following: - London Mainnet Announcement - London Upgrade Overview ATTENTION: This announcement is only for information purposes for BitMart users. This is not an investment advice, or an endorsement by BitMart as to the intrinsic value of a digital asset, or a commitment by BitMart team to support any specific asset/token that the announcement pertains to.   Many thanks.  BitMart Team August 3, 2021 Download BitMart App to trade anytime, anywhere: https://www.BitMart.com/app/en    Join us and stay tuned on: - Twitter: https://twitter.com/BitMartExchange  - Facebook: https://www.facebook.com/BitMartexchange/  - Telegram (24/7 customer service): https://t.me/BitMartExchange