Ethereum 2.0's Merge upgrade is scheduled to take place in September 2022. MEXC will support Ethereum's upgrade and its potential hard fork. If successful, two parallel blockchains could be created after the upgrade. All $ETH holders on MEXC will receive the forked assets at a 1:1 ratio when the upgrade is completed. To mitigate the risks caused by market volatility during the hard fork and safeguard users' assets, MEXC will list two 'potential forked' ETH tokens.
$ETHS is the token for the new PoS (proof-of-stake) Ethereum chain, while $ETHW is the one for the PoW (proof-of-work) chain that will potentially continue to exist once the hard fork occurs.
After the hard fork, the PoW chain with the most hashrate will serve as the main chain of $ETHW. $ETHW held by users will be automatically converted into the upgraded ETHW at a 1:1 ratio. MEXC will also support other PoW chains resulting from the fork if any, and fully respect the community's opinions on token naming. MEXC will adapt the token's name to the final community consensus and re-enable the token's deposits and withdrawals in due course.
If ETH 2.0 upgrade is completed without a fork (Ethereum transitions from PoW to PoS), the “ETH” symbol will be retained. In this case, MEXC will suspend and delist $ETHS, $ETHW, and their associated markets. Users can swap their $ETHS and $ETHW tokens to $ETH at 1:1 ratio (1ETHS+1 ETHW = 1 ETH).
