Dear 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, Binance JEX 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
Binance JEX will suspend ETH and ERC-20 tokens deposits and withdrawals at approximately 2021-08-05 11:00 (UTC). Please ensure that you leave sufficient time for your ETH and ERC-20 tokens transfers to be fully processed prior to the above time.
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. Binance JEX 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. Binance JEX 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. Please refer to the follow-up announcement for the airdrop time, please judge the risk by yourself.
Binance JEX reserves the right to update the treatment of the chain split in a further announcement.
The JEX Team
2021-8-3
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