Potential change regarding the upcoming Ethereum Merge
The Ethereum Network has an upcoming shift from PoW (Proof-of-work) to PoS (Proof-of-stake) mechanism. The upgrade may result in two scenarios:
- No forked new token
If this is the case, your assets in Pando products won't be affected and you will not need to take any action.
- Forked new token(s) through hard forks
If this is the case, Mixin network will automatically convert the ETHs in it to the PoS ones. The previous PoW tokens will be viewed as forked tokens. As Mixin Network is Layer 2 chain and doesn't support new forked ETH airdrop, users who would like to continue holding on to the forked PoW tokens need to withdraw your ETHs to exchanges or wallets that supports the forked tokens to claim your share.
The information contained in this article is for informational purposes only and does not constitute financial, investment, or other professional advice. The views expressed in this article are those of the author and do not necessarily represent the views of the company or organization they work for or Pando. Any investment decisions made by the reader should be made after consulting with their own financial advisor and conducting their own research. The author and the company or organization they work for and Pando will not be liable for any financial losses incurred as a result of reliance on the information contained in this article.