Ongoing Spot Campaigns_ING:ETH

DearKuCoinUsers,

Ethereum’sProof-of-Work(PoW)chainwillmigratetotheProof-of-Stake(PoS)chainuponhittingtheTerminalTotalDifficulty(TTD)valueof58750000000000000000000.KuCoinwillsupportEthereumProof-of-Work(POW)mergetoProof-of-Stake(POS).

Theconsensuslayer’supgrade(Bellatrix)isscheduledforepoch144,896ontheBeaconChainat11:34:47onSeptember6,2022(UTC).

Theexecutionlayer'supgrade(Paris)isexpectedtooccurbetweenSeptember10-20,2022.TheexactdateatwhichTTDisreacheddependsontheproof-of-workhashrate.ThecurrentestimationliesattheETHmainnetblockheightof15,540,293,orapproximatelyat2022-09-1415:51:02(UTC).

Asanewtokenmightbecreatedduringahardfork,KuCoinhastakenthefollowingstepstomaintainthesafetyofuserfunds.

比特幣礦企Stronghold DigitalMining第三季度凈虧損4960萬美元:11月10日消息，比特幣礦企Stronghold DigitalMining第三季度收入為2470萬美元，凈虧損4960萬美元。其中流動性資金約為2700萬美元，包括2700萬美元現金和19個比特幣，未償債務本金為8200萬美元，凈債務為5500萬美元，自6月30日以來減少了51%。（theblock）[2022/11/10 12:41:56]

Thearrangementsareasfollows:

1.ETHDeposits&Withdrawals

KuCoinwillsuspendthedepositandwithdrawalforETHandERC-20tokensatapproximately:

11:00onSeptember6,2022(UTC)fortheBellatrixconsensuslayerupgrade15:51onSeptember14,2022(UTC)fortheParisexecutionlayerupgradeTheactualtimetosuspendthedepositandwithdrawalwillbeannouncedseparately.

2.RegardingtheMerge

ThetwolikelyscenariostooccurwiththeEthereum(ETH)Mergeare:

ScenarioA:

LongHash：對比特幣的需求和DeFi熱潮推動了WBTC增長:金色財經報道，根據Skew數據，WBTC市值目前接近15億美元，年初至今增長了27,834％。LongHash最近發布的一份報告強調，WBTC在年初時其市值僅為400萬美元。LongHash指出，截至10月13日，WBTC占以太坊上所有DeFi代幣總市值的近15％，同時表示，可能導致這一飆升的關鍵原因是人們對比特幣的需求和DeFi熱潮。[2020/10/23]

Nonewtokeniscreated.KuCoinwillthenreopendepositsandwithdrawalsforETHandERC-20tokensassoonaspossible.Afurtherannouncementwillbeposted.

ScenarioB:

Thechainsplitsintotwocompetingchains,creatinganewtoken.The“ETH”tickerwillbeusedfortheEthereumPoSchain.KuCoinwillairdropthenewforkedtokentotheusersbasedonthesnapshotofETHbalancesbeforetheParisexecutionlayerupgradeandwillsupportwithdrawalsfortheforkedtoken.Thedetailsrelatedtothisairdropwillbeannouncedseparatelyassoonaspossible.

Jimmy Song：很多人討論BTC時習慣用“金錢腐敗”建立道德高地:比特幣核心開發者Jimmy Song剛剛發推文稱，金錢是人們使用得最多、但理解得最少的東西，尤其是那些所謂的專家。數字上升當然不可否認，但很多人在討論比特幣時習慣用“金錢腐敗”來建立道德高地。[2020/7/22]

3.ETHandERC-20TokensSpot&MarginTrading

Spottrading:SpottradingforETHandERC-20tokenswillnotbeaffected.KuCoinremindsyoutotakesufficientriskmeasuresaspricevolatilityisoftenhighduringcontentioushardforks.

Margintrading:

1.TradingforETHCrossandIsolatedMarginpairswillnotbeaffected.

2.KuCoinwillsuspendlendingandborrowingservicesofETHbeforetheMerge.

IfyouhaveanyoutstandingETHloansatthetimeofthesnapshot,youwillhavetoreturntheforkedtokens,regardlessofbeinglistedonKucoin.Therefore,itisrecommendedthatyourepayyourETHloansinadvance！

區塊鏈概念公司Long Blockchain任命新董事:彭博社消息，近日，區塊鏈概念公司Long Blockchain任命ShamylL Malik擔任董事會主席，任命Sanjay Sachdev為董事會成員。[2018/5/11]

Toprotectthefairnessoftradingandusers'interest,ifyoufailtorepaytheforkedtokensintime,KuCoinreservestherighttosettletheoutstandingbalanceregardingtheforkedtokensunderyourmarginaccountwiththelatestmarketpriceandreturntheforkedtokens.

3.Ifthereisanyrelevantupdate,itwillbenotifiedseparatelyintheformofanannouncement.

4.ETHLeveragedTokens–ETH3L,ETH3S

ThetradingofETH3L/USDTandETH3S/USDTtradingpairswillnotbeaffected.

Duringthemergeperiod,KuCoinreservestherighttosuspendthetrade,subscription,andredemptionofETH3LandETH3S.

KuCoinremindsyoutotakesufficientriskmeasuresaspricevolatilityisoftenhighduringcontentioushardforks.

LongFin Corp.的股票LFIN在盤前交易中大跌 抵消了過去兩個交易日的漲幅:在上周宣布收購區塊鏈公司Ziddu.com出現股價暴漲之后，LongFin Corp.的股票（納斯達克股票代碼：LFIN）在盤前交易中大跌，抵消了過去兩個交易日的漲幅。[2017/12/20]

5.ETHFuturesTrading

BothUSDT-marginedandCOIN-marginedETHcontractswillnotbeinfluenced.Toprotectusers’rightsandinterests,KuCoinwillmakeanextrariskcontroloverETHcontractsduringtheupgrade.Involvedadjustmentsincludebutarenotlimitedto:maxleverage,positionsizelimit,maintenancemargin,andpriceindexconstituents.Foranychangesontheadjustments,relatedfollow-upstothissubjectwillbeannouncedseparatelyassoonaspossible.Ifanewtokeniscreatedafterthehardfork,userswhoholdETHintheirFuturesAccountsbeforethehardforkwillreceiveanairdropofthenewtoken.Ifthereareanychangestotheunderlyingassetsofthecontracts,KuCoinwillprovidefurtherinformationinthefollowingannouncement.KuCoinremindsyoutotakesufficientriskmeasuresaspricevolatilityisoftenhighduringcontentioushardforks.

6.KuCoinConvert

ETHConvertwillnotbeaffected.

7.KuCoinPool

AftertheMerge,KuCoinPoolwilldelisttheETHminingservice.UsersoftheETHPoolcantransfertheirhashratetotheETCPool.

8.KuCoinTradingBot

ETHtradingonTradingBotwillnotbeaffected.Inthecaseofanewtokenbeingcreated,KuCoinwillsnapshotthetradingbotaccountandairdropthenewtokenstotheSpotaccount(Mainaccount),

9.KuCoinEarn

KuCoinEarnwillnotbeaffected.However,inthecaseofanewtokenbeingcreated,KuCoinwillsnapshottheearnaccountandairdropthenewtokenstothespottradingaccount.

ForConvertETH2,yourETH2stakingrewardswillbedistributedregularly.However,intheeventofScenarioB,ETH2holdersmayormaynotreceivepotentialairdropsfromtheforkedchain,dependingonhowtheforkedchainhandlesETH2.0depositingcontracts.Thedetailsrelatedtothisairdropwillbeannouncedseparatelyassoonaspossibleifneeded.

PleaseNote:

1.Tokensinpendingdepositorwithdrawalatthetimeofthesnapshotswillnotcounttowardsyourbalance.KuCoinwilltaketheactualassetsinusers’accountsasthesnapshotfordistribution.

2.ThesnapshotrecordshaveincludedbalancesinTrading/Margin/TradingBot/Futures/FinancialAccount.Therefore,ifthechainsplitsintotwocompetingchainsandanewtokeniscreated,thenewtokenwillbedistributedtoqualifiedSpotaccountsofusers.

3.TheParisexecutionlayerupgradeisestimatedtotakeplaceattheETHmainnetblockheightof15,540,293.Theestimatedtimeisforusers’referenceonly;theactualtimeforthemergeisbasedontheannouncementfromEthereum.

Forfurtherinformation,pleaserefertothefollowing:

TheMerge

MainnetMergeAnnouncement

Thankyouforyoursupport!TheKuCoinTeam

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