Ethereum Merge Announcement 13-09-2022

Ethereum’s proof-of-work (PoW) will migrate to the proof-of-stake (PoS) chain around September 15, 2022.

The deposit and withdrawal of ETH through ERC-network tokens on JPEX will be suspended by 23:59 (GMT+8) on 14 September, 2022

2022/09/15 08:00 (GMT +8) Execution layer upgrade (Paris) Please ensure that you have sufficient time for deposit and withdrawal, JPEX will handle hard forks for users who hold ETH and ERC20 tokens any technical issues.

About the merger This Ethereum merger may happen in the following two situations:

Situation 1: If no new tokens are generated after the hard fork, JPEX will resume the deposit and withdrawal of ETH and ERC-20 network tokens as soon as possible. and announced separately.

Scenario 2: After the hard fork, two competing blockchains are generated and a new token is generated. The “ETH” code will be used for the Ethereum PoS chain. According to the snapshot of ETH’s holdings before the implementation layer upgrade (expected at the Ethereum mainnet block height 15,540,293 or 08:30 on September 15, 2022 (GMT +8), JPEX will distribute points from the chain with less work completed to users. Forked tokens. The withdrawal business of forked tokens will be supported. Details of distribution will be announced separately.

JPEX will reserve the right to update announcements regarding chain fork processing. In order to better protect JPEX users, all forked coins need to pass the strict listing review process of JPEX like other tokens. According to internal policy, JPEX will not make any guarantee of listing.

About spot and contract transactions of ETH and ERC-20 network tokens Spot transactions:
Spot transactions of ETH and ERC-20 network tokens will not be affected, but the hard fork may be accompanied by relatively violent price fluctuations. Please evaluate the risks before trading. Contract transactions: ETH contract transactions will not be affected.

Note that liquidations are still possible in the event of sharp price fluctuations.

Regarding ETH and ERC20 contract transactions, ETH U-based and currency-based contract transactions will not be affected. JPEX contracts will take additional protective measures, including but not limited to: adjustment of margin levels, maximum leverage value for each level, position value and maintenance margin;
If a new token is created after the hard fork, the price index of U-margin and coin-margin contracts will track JPEX spot transactions and major spot market transactions. If there are any changes to the underlying assets of the contract, JPEX will provide more details or updates in further announcements.

Assets and spot transactions: During the hard fork, your ETH and ERC20 series currency assets, wealth management pledges and spot transactions on JPEX are normal and will not be affected. However, the hard fork may be accompanied by relatively violent price fluctuations, please Participate with caution. Please do position management and risk control in advance.

Note: The forked tokens will be distributed to the user’s spot wallet, and will be notified in the form of an announcement after the distribution is completed.

Snapshot positions (including pending orders) less than 0.003ETH will not be included in the scope of the airdrop forked tokens

When the snapshot is generated, if the ETH is in the state of unaccounted or withdrawn or sold successfully, it will not be included in the statistics.


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