Update to How Binance is Supporting the ETH Merge
Binance Shares Information on ETHW Distribution
The Ethereum Merge is complete. Proof-of-Stake is live. $ETH mainnet deposits and withdrawals are now resumed on #Binance.
— Binance (@binance) September 15, 2022
Following the completion, the leading Centralized
According to Binance’s official blog statement after the Merge, the ETHW token, if implemented, will be distributed to eligible users based on their ETH balance as of Sept. 15 at 6:42 UTC, when the Merge took effect. The exchange will distribute ETHW at 1 ETH: 1 ETHW, to users’ spot wallets within two to five days.
Further, Binance stated that the team would update users if the Ethereum PoW chain was implemented or unsuccessful.
«We will notify users in a separate announcement once the distribution is complete and when deposits and withdrawals for ETHW are enabled, or if the ETHW chain is unsuccessful,» according to the blog.
BSC News will follow Binance’s announcements and update users if the ETHW chain is indeed executed. In the meantime, we recommend users to visit the protocol’s publication for more information about the rewards distribution and eligibility.