Dear GokuMarket Community,
At the block height of 12,965,000, which will be approximately at 12:00 noon UTC on August 05, 2021, Ethereum (ETH) blockchain is scheduled to undergo the London Hard Fork.
The global cryptocurrency & Blockchain community believes that that hard fork might result in an additional token. In such an event, GokuMarket has decided to take certain measures to reduce the trading risks brought about by price volatility and to maintain the safety of user funds during the hard fork as per the following:
1. Suspension of Deposits & Withdrawals 📈
GokuMaret suspended deposits and withdrawals for the listed ERC-20 tokens from 4:30 AM (UTC) on August 05, 2021 until the transition has been confirmed and completed. Additionally, GokuMarket advises that users leave sufficient time for the tokens to be transferred prior to the above time.
Token list: 1INCH, AAVE, ARPA, COMP, DAI, DGX, ETH, FET, GMC, HGT, HT, KNC, LEO, LINK, LOOM, MKR, PAX, PAXG, PCPI, SHIB, SNX, TROY, TUSD, UNI, USDT, USDC, VIRIDI, XAUT, YFI
2. What happens in a Hard Fork ❓
There are two most likely scenarios predicted by the experts for the London Hard Fork:
⚡ Scenario 1: No new token is created. GokuMarket will resume deposits and withdrawals for ETH and ERC-20 tokens as soon as possible, based on completion..
⚡ Scenario 2: The chain splits into two competing chains and a new token is created. GokuMarket will credit users with ETH from the chain with the most work done. We will then also credit users with the token from the minority chain at a ratio of 1:1 based on the snapshot of ETH balances at block height 12,965,000, or at approximately 12:00 noon (UTC) on August 5, 2021, as stated above.
Note: GokuMarket reserves the right to update the treatment of the chain split in a further announcement.
3. Trading on GokuMarket 🔥
Trading will not be affected. Please ensure you take sufficient risk measures as price volatility is often high during contentious hard forks.
More details about London Mainnet:
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Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously and be aware of the investment risk. GokuMarket will make best efforts to approve high-quality coin and token projects, but will not be responsible for your investment losses.