THE:Ongoing Spot Campaigns

DearKuCoinUsers,

Ethereum’sProof-of-Work(PoW)chainwillmigratetotheProof-of-Stake(PoS)chainuponhittingtheTerminalTotalDifficulty(TTD)valueof58750000000000000000000.KuCoinwillsupportEthereumProof-of-Work(POW)mergetoProof-of-Stake(POS).

Theconsensuslayer’supgrade(Bellatrix)isscheduledforepoch144,896ontheBeaconChainat11:34:47onSeptember6,2022(UTC).

Theexecutionlayer'supgrade(Paris)isexpectedtooccurbetweenSeptember10-20,2022.TheexactdateatwhichTTDisreacheddependsontheproof-of-workhashrate.ThecurrentestimationliesattheETHmainnetblockheightof15,540,293,orapproximatelyat2022-09-1415:51:02(UTC).

Asanewtokenmightbecreatedduringahardfork,KuCoinhastakenthefollowingstepstomaintainthesafetyofuserfunds.

Flare推出金丝雀网络Songbird，SGB代币已分发到所有地址:9月21日消息，智能合约平台Flare Network宣布将推出金丝雀网络Songbird，SGB代币已分发到所有地址。Songbird目前处于观察模式。FTSO合约将在观察模式期间部署，FTSO系统将启动。观察模式旨在让交易所、FTSO数据提供商和开发人员以安全的方式部署在网络上。在此期间，网络可能会从创世回滚和/或重新部署。[2021/9/21 23:40:13]

Thearrangementsareasfollows:

1.ETHDeposits&Withdrawals

KuCoinwillsuspendthedepositandwithdrawalforETHandERC-20tokensatapproximately:

11:00onSeptember6,2022(UTC)fortheBellatrixconsensuslayerupgrade15:51onSeptember14,2022(UTC)fortheParisexecutionlayerupgradeTheactualtimetosuspendthedepositandwithdrawalwillbeannouncedseparately.

2.RegardingtheMerge

ThetwolikelyscenariostooccurwiththeEthereum(ETH)Mergeare:

ScenarioA:

CyberKongz VX凌晨上线后已销毁逾1428枚ETH，超OpenSea、Uniswap、Axie 24小时销毁之和:ultrasound.money数据显示，今日凌晨上线的NFT PUNK项目CyberKongz VX，截至发稿已共计销毁逾1428枚ETH，位居首位，超过后三名OpenSea（700 ETH）、Uniswap V2（274 ETH）、Axie Infinity（231 ETH）24小时销毁之和。

注：CyberKongz是一个NFT PUNK项目，CyberKongz VX是CyberKongz在sandbox中的元宇宙化身，每个Genesis CyberKongz NFT持有者都能够铸造一个匹配的基于体素的CyberKongz VX与匹配的序列号，每个Baby CyberKongz NFT持有者都将能够铸造具有随机生成特征的基于随机体素的CyberKongz VX。[2021/8/16 22:16:13]

Nonewtokeniscreated.KuCoinwillthenreopendepositsandwithdrawalsforETHandERC-20tokensassoonaspossible.Afurtherannouncementwillbeposted.

ScenarioB:

Thechainsplitsintotwocompetingchains,creatinganewtoken.The“ETH”tickerwillbeusedfortheEthereumPoSchain.KuCoinwillairdropthenewforkedtokentotheusersbasedonthesnapshotofETHbalancesbeforetheParisexecutionlayerupgradeandwillsupportwithdrawalsfortheforkedtoken.Thedetailsrelatedtothisairdropwillbeannouncedseparatelyassoonaspossible.

LongHash：Liquid侧链比特币持有量超过公共闪电网络通道:金色财经报道，根据LongHash文章，本月早些时候，Liquid上的比特币持有量超过了闪电网络通道。目前Liquid侧链上有952.9435822枚BTC，公共闪电网络通道上大约有918枚BTC。BitMEX Research曾揭示2月份闪电网络的真实数据。根据他们的区块链数据集，闪电网络上的BTC有88%是在公共通道上的。根据这些信息，整个闪电网络（包括专用通道）上的BTC总量可以粗略估计为1043个BTC左右，这比目前Liquid侧链上的BTC更多。尽管如此，在不久的将来，Liquid侧链通道的数量肯定会超过公共和私有闪电网络通道所拥有的BTC总量。[2020/3/27]

3.ETHandERC-20TokensSpot&MarginTrading

Spottrading:SpottradingforETHandERC-20tokenswillnotbeaffected.KuCoinremindsyoutotakesufficientriskmeasuresaspricevolatilityisoftenhighduringcontentioushardforks.

Margintrading:

1.TradingforETHCrossandIsolatedMarginpairswillnotbeaffected.

2.KuCoinwillsuspendlendingandborrowingservicesofETHbeforetheMerge.

分析 | Long Hash：Tether操纵并未导致比特币2017年牛市:Long Hash官网发布文章称，为了衡量Tether对比特币市场的影响，我们计算了一个称为Tether购买力的指标，该指标定义为Tether的市值除以比特币的市值。它以当前的现货价格衡量市场上所有Tether供应可以购买多少比特币。该比率越高，使用Tether进行的潜在操纵就越多。在2017年的牛市期间，Tether购买力一直上升直到夏天，然后逐渐下降直到年底。在熊市期间大幅上涨，在2018年底达到顶峰。 这表明，即使Tether确实在操纵市场，当比特币价格下跌时，其操纵能力实际上最强。这与Tether发行推动了2017年牛市的说法相矛盾。在牛市高峰期间，Tether的供应实际上未能跟上。注：近日有一篇学术论文声称，Tether操纵导致了2017年比特币牛市，引起了很多人的关注。[2019/11/18]

IfyouhaveanyoutstandingETHloansatthetimeofthesnapshot,youwillhavetoreturntheforkedtokens,regardlessofbeinglistedonKucoin.Therefore,itisrecommendedthatyourepayyourETHloansinadvance！

Toprotectthefairnessoftradingandusers'interest,ifyoufailtorepaytheforkedtokensintime,KuCoinreservestherighttosettletheoutstandingbalanceregardingtheforkedtokensunderyourmarginaccountwiththelatestmarketpriceandreturntheforkedtokens.

声音 | Jimmy Song：以太坊是下一个雅虎 价格将继续下跌:比特币核心开发者Jimmy Song发推特表示，以太坊与当年的雅虎类似，是互联网泡沫的一部分，估值太疯狂了。他认为，互联网泡沫的崩溃使得互联网科技公司的市值降低了90%，而随着热潮的消退，以太坊价格将继续下跌，很多人会因为泡沫破灭而退出。[2018/11/23]

3.Ifthereisanyrelevantupdate,itwillbenotifiedseparatelyintheformofanannouncement.

4.ETHLeveragedTokens–ETH3L,ETH3S

ThetradingofETH3L/USDTandETH3S/USDTtradingpairswillnotbeaffected.

Duringthemergeperiod,KuCoinreservestherighttosuspendthetrade,subscription,andredemptionofETH3LandETH3S.

KuCoinremindsyoutotakesufficientriskmeasuresaspricevolatilityisoftenhighduringcontentioushardforks.

5.ETHFuturesTrading

BothUSDT-marginedandCOIN-marginedETHcontractswillnotbeinfluenced.Toprotectusers’rightsandinterests,KuCoinwillmakeanextrariskcontroloverETHcontractsduringtheupgrade.Involvedadjustmentsincludebutarenotlimitedto:maxleverage,positionsizelimit,maintenancemargin,andpriceindexconstituents.Foranychangesontheadjustments,relatedfollow-upstothissubjectwillbeannouncedseparatelyassoonaspossible.Ifanewtokeniscreatedafterthehardfork,userswhoholdETHintheirFuturesAccountsbeforethehardforkwillreceiveanairdropofthenewtoken.Ifthereareanychangestotheunderlyingassetsofthecontracts,KuCoinwillprovidefurtherinformationinthefollowingannouncement.KuCoinremindsyoutotakesufficientriskmeasuresaspricevolatilityisoftenhighduringcontentioushardforks.

6.KuCoinConvert

ETHConvertwillnotbeaffected.

7.KuCoinPool

AftertheMerge,KuCoinPoolwilldelisttheETHminingservice.UsersoftheETHPoolcantransfertheirhashratetotheETCPool.

8.KuCoinTradingBot

ETHtradingonTradingBotwillnotbeaffected.Inthecaseofanewtokenbeingcreated,KuCoinwillsnapshotthetradingbotaccountandairdropthenewtokenstotheSpotaccount(Mainaccount),

9.KuCoinEarn

KuCoinEarnwillnotbeaffected.However,inthecaseofanewtokenbeingcreated,KuCoinwillsnapshottheearnaccountandairdropthenewtokenstothespottradingaccount.

ForConvertETH2,yourETH2stakingrewardswillbedistributedregularly.However,intheeventofScenarioB,ETH2holdersmayormaynotreceivepotentialairdropsfromtheforkedchain,dependingonhowtheforkedchainhandlesETH2.0depositingcontracts.Thedetailsrelatedtothisairdropwillbeannouncedseparatelyassoonaspossibleifneeded.

PleaseNote:

1.Tokensinpendingdepositorwithdrawalatthetimeofthesnapshotswillnotcounttowardsyourbalance.KuCoinwilltaketheactualassetsinusers’accountsasthesnapshotfordistribution.

2.ThesnapshotrecordshaveincludedbalancesinTrading/Margin/TradingBot/Futures/FinancialAccount.Therefore,ifthechainsplitsintotwocompetingchainsandanewtokeniscreated,thenewtokenwillbedistributedtoqualifiedSpotaccountsofusers.

3.TheParisexecutionlayerupgradeisestimatedtotakeplaceattheETHmainnetblockheightof15,540,293.Theestimatedtimeisforusers’referenceonly;theactualtimeforthemergeisbasedontheannouncementfromEthereum.

Forfurtherinformation,pleaserefertothefollowing:

TheMerge

MainnetMergeAnnouncement

Thankyouforyoursupport!TheKuCoinTeam

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