Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Crypto Barik on August 31, 2022, 04:42:01 AM
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It is said that fork tokens of ethereum will be released after the merge.
On forks of btc; bch and btg; some exchanges send bch and btgs to hodlers of btc. and some exchanges did not distribute these tokens because of they didnt support forks;
I don't know what happens to those who keep it in the cold wallet.
In this merge period, if we hold ethereum on myetherwallet or ledger; can we claim possible ethereum fork tokens to addresses?
Poloniex made an announcement 2 weeks ago, we will distribute all fork tokens.
I did not come across the announcement about possible fork tokens in binance or other exchange. Which exchanges will support fork tokens?
Where do you think we should hodl ethereums? Which one would be more logical on this merge period?
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Binance has distributed all fork and airdrop tokens so far. I'm sure they will also support forks of Ethereum, but I will keep my Ethereum on Myetherwallet because I prefer to keep my coins in a wallet with a private key. Also, if you want to sell the fork coin quickly, you will have to wait for Binance to list it or open it for withdrawal. In any case, I think a personal wallet would be a better choice.
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I am expecting to be getting my fork tokens from the Ethereum merge but then since I don't have that much ETH am sure this would not matter much to me...still I am planning to be moving my .2 ETH to Binance since I am trusting more this centralized exchange more than any other. I am sure that many people can be now exciting with this biggest development from Ethereum which we are hoping can be solving many big problems that are disturbing the whole platform for the past many years.
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Afaik, You can do it in the Ledger, this is safe and trusted enough so far. The way of holding Ethereum is also easy to do in Ledger, moreover, it is related to the security.
You can read more in this FAQ
https://support.ledger.com/hc/en-us/articles/6314087134365-Ethereum-Merge-FAQ?docs=true
Additionally, Ethereum merge is something that is issued will change very much how Ethereum will be, this will make greater.
https://ethereum.org/en/upgrades/merge/
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Binance has been distributing LUNA coins while they are Mainneting, LUNC coins are also traded there, I think the same will happen, but an official announcement from Ethereum developers is urgently needed for this, I still have Ethereum 1.0 in hot wallet and am still waiting for the merging of the two chains it's going well
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Ethereum is going to merge. We keep ethereum in any wallet, it is not going to affect the holding of ethereum and its existence. It is safest to keep Ethereum in your secure wallet.
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The ethereum merge is not going to affect the ethereum holding, whichever wallet you wish to keep it in which your facility is contained.
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After reading the official information from the ethereum website, it can be concluded that you don't need to do anything about this merge process, later several testing will be carried out before switching completely from Proof Of Work (PoW) to Proof of Stake (PoS). Possibility for users who store ETH on the exchange will automatically receive it in the wallet.
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Hold it on top exchanges or one can save it on their personal wallets. I have saved mine in the hardware wallet because I don't trust holding my coins on the exchange because it is always risky to hold them there because of hackers. I believe fork token we will get automatically whether we have Ethereum in the cold wallet or hardware wallet.