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HomeCrypto TradingEthereumPoW (ETHW) buying and selling begins now + token distribution - Kraken...

EthereumPoW (ETHW) buying and selling begins now + token distribution – Kraken Weblog


We’re happy to announce that Kraken now helps EthereumPoW (ETHW).

Funding and Buying and selling

Buying and selling is dwell and the ETHW token has been distributed to eligible purchasers. An additional announcement shall be made as soon as Funding is dwell, at which level you will be capable to add ETHW to your Kraken account by navigating to Funding, choosing the asset, and hitting Deposit. Regulate our status page for updates.

Please word:

  • It’s potential that the ETHW token could not emerge and that its worth might settle to zero. ETHW’s value is extremely unstable, please take the time to analysis the dangers concerned in buying and selling this token.

 

Right here’s what you should know:

Ticker ETHW
Tradeable in opposition to EUR, USD and ETH
Value precision 3 decimal locations for EUR and USD

6 decimal locations for ETH

Minimal order measurement 0.01 ETHW
Not obtainable in Japan
Providers obtainable Kraken, the Kraken Pro interface

What’s EthereumPoW?

EthereumPoW is a replica of the Ethereum community’s proof-of-work (PoW) blockchain because it existed earlier than shifting to a proof-of-stake (PoS) consensus mechanism. EthereumPoW retains the performance of the Ethereum community earlier than its transition to PoS and is supported by mining teams who’re unable to earn rewards by way of Ethereum’s new protocol. ETHW is the native token of the blockchain which is used to pay for community transaction charges, earn rewards for securing the protocol by way of mining and buy items and companies from decentralized functions (dApps) constructed on the platform.

ETHW token distribution

Kraken purchasers shall be credited with the ETHW forked token at a 1 for 1 ratio for every ETH token held on the time of the snapshot. This credit score would solely apply to unstaked, liquid ETH and to not staked (ETH.S) tokens.

Snapshot timestamp: 

  • Block Top: 15537393
  • Time: Sep-15-2022 06:42:42 AM +UTC
  • Unix time: 1663224162

An additional announcement shall be made as soon as the distribution is accomplished.

Please word: it’s potential that ETH deposits despatched nearer to The Merge occasion could not depend towards the snapshot of purchasers’ ETH balances. Solely settled account balances on the snapshot time shall be thought-about. 

Essential: Merchants holding open margin positions throughout The Merge want to concentrate on the therapy of their positions, as forked tokens can influence your account as soon as credited/debited. 

Margin positions shall be handled as if the person held the underlying ETH, which implies that Kraken will:

  • Add the related quantity of forked ETHW tokens to the account for ETH lengthy positions.
  • Deduct the related quantity of forked ETHW tokens from the account for ETH brief positions.

Take a look at our blog post for additional details about the token distribution therapy for margin merchants.

Helpful hyperlinks

Will Kraken make extra property obtainable?

Sure! However our coverage is to by no means reveal any particulars till shortly earlier than launch – together with which property we’re contemplating. All of Kraken’s obtainable tokens may be discovered right here, and all future tokens shall be introduced on Kraken’s weblog and social media profiles. Our shopper engagement specialists can not reply any questions on which property we could also be making obtainable sooner or later. 

Commerce with warning

There isn’t any assure {that a} restrict order will execute. There’s additionally no assure a market order will execute at a sure value. The provision and liquidity of the actual digital asset will influence these kind of orders.

 


These supplies are for common data functions solely and aren’t funding recommendation or a suggestion or solicitation to purchase, promote or maintain any digital asset or to interact in any particular buying and selling technique. Some crypto merchandise and markets are unregulated, and also you will not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the cryptoasset markets can result in lack of funds. Tax could also be payable on any return and/or on any enhance within the worth of your cryptoassets and you must search impartial recommendation in your taxation place.



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