Chiliz Exchange will support the upcoming Ethereum (ETH) Network Upgrades & Hard Fork (1)

Chilizens,

Ethereum’s long-awaited “London” hard fork is expected to commence at around 13:55 pm on Aug. 5 (CEST) at block 12,965,000.

The London hard fork may generate a new forked coin. Chiliz.net will support the upgrade with the following arrangements:

Deposits and Withdrawals:

Chiliz.net has suspended the deposits & withdrawals of ETH-HECO and ETH-BEP20, and will suspend the deposits & withdrawals of ETH-ERC20 and other ERC-20 based tokens on Aug 5th at 12:00 pm (CEST). Please allow yourself sufficient time to accomplish your deposits and withdrawals before the suspension.

About ETH Hard Fork

No forked coin after the hard fork: Chiliz.net will resume deposits & withdrawals of ETH and ERC-20 tokens, after confirming the stability and security of the ETH mainnet. The resumption time will be shown in a further announcement.

New coin after hard fork:

IF a new forked coin reaches the listing standard, Chiliz.net will distribute ETH tokens on the chain at a certain ratio to users. We will take a snapshot of users’ ETH holdings at the block height of 12,965,000, and distribute holding rewards to users proportionally based on the snapshot data. The holding rewards will be sent to the user’s wallet account. Users will be notified via a further announcement after the completion of the distribution.

Please Note:

The snapshot might be postponed, during the following situations that your assets might not be included in the snapshot data if:

a: your ETH sell orders have been filled,

b: the deposits haven’t been credited,

c: the ETH withdrawals have been completed.

Please allow yourself sufficient time to accomplish your deposits and withdrawals during the snapshot period.

About spot trading of ETH and related assets:

The assets of ETH and ERC20-based tokens and their spot trading will not be affected during the hard fork. As the hard fork may come with dramatic price fluctuations, please make prudent, informed decisions based on your own risk appetite.

Lastly, the ETH assets in the Spot Account and sub-account will be counted into the parent account. The rewards will be distributed based on the holdings snapshotted in the parent account. The hard fork is expected to commence at block 12,965,000, and the time in this announcement is for references only, which might be changed according to the BP speed.

Please check for details:

https://blog.ethereum.org/2021/07/15/london-mainnet-announcement/

https://medium.com/ethereum-cat-herders/london-upgrade-overview-8eccb0041b41