Dear User:
At block height 12,965,000 (2021-08-05, 19:55, UTC+8), the Ethereum (ETH) blockchain is scheduled to undergo the London Hard Fork. According to the occurrence, Pionex will take the following steps:
1. Deposits and Withdrawals
Pionex will suspend ETH and ERC-20 tokens deposits and withdrawals at approximately 2021-08-05, 18:30 (UTC+8). Please ensure that you complete your transfers before the above time.
2. Regarding the ETH Hard Fork
Pionex will take a snapshot of the user at 2021-08-05, 19:55 (UTC+8). There are two likely scenarios to occur with the Ethereum (ETH) London mainnet activation.
Scenario A:
No new token is created. Pionex will resume ETH and ERC-20 tokens deposits and withdrawals as soon as possible.
Scenario B:
The new token is created due to the London Hard Fork. Pionex will credit users with the tokens from the other chain at a ratio of 1:1 based on the snapshot as stated above. Further details regarding this distribution will be stated in a separate announcement. Please notice that the tokens from Margin, incomplete deposits, processing withdrawals will not be calculated in the snapshot.
3. ETH and ERC-20 tokens Spot & Leveraged Trading
Spot trading: ETH and ERC-20 tokens spot trading will not be affected.
Margin & Leveraged Trading: Eth and ERC-20 tokens Margin & Leveraged trading will not be affected.
4. Pionex Leveraged Tokens
The trading of ETH and ERC-20 leveraged tokens will continue unaffected.
Please be aware that in the event of extreme price movement. Pionex makes the best efforts to choose high-quality tokens but will not be responsible for your trading losses.
If there are any issues, feel free to contact us through the online support of Web or APP.
Thanks for your support!
Pionex team
2021-08-04
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