Dear Remitano users,
Ethereum's Proof-of-Work (PoW) chain will migrate to the Proof-of-Stake (PoS) chain upon hitting the Terminal Total Difficulty (TTD) value of 58750000000000000000000. The execution layer upgrade (Paris) is expected to take place between 2022-09-10 and 2022-09-20. Current estimation lies at the ETH mainnet block height of 15,540,293, or approximately at 2022-09-15 00:30 (UTC).
Prior to this, the consensus layer upgrade (Bellatrix) is scheduled for epoch 144,896 on the Beacon Chain at 2022-09-06 11:34:47 (UTC).
As a new token might be created during a hard fork, Remitano has taken the following steps to reduce the trading risks brought about by price volatility and to maintain the safety of user funds during the hard fork:
Remtiano will suspend deposits and withdrawals for ETH and USDT ERC-20 at approximately:
2022-09-06 11:00 (UTC) for the Bellatrix consensus layer upgrade
2022-09-15 00:00 (UTC) for the Paris execution layer upgrade
Please ensure that you leave sufficient time for your ETH and USDT ERC-20 tokens transfers to be fully processed prior to the above time. We will handle all technical requirements for users holding ETH and USDT ERC-20 tokens on Remitano.
Remitano will then reopen deposits and withdrawals for ETH and USDT ERC-20 tokens as soon as possible. A further announcement will be posted.
Remitano will handle all technical requirements on behalf of users holding ETH in Remitano wallet.
In the event of new forked tokens, Remitano only supports the Proof of Stake token fork, aka ETHS. If users want tokens on both forks, please withdraw ETH from Remitano before 2022-09-10 11:00:00 (UTC).
Deposits and withdrawals of ETH will be temporarily suspended during this process. We will reopen ETH deposits and withdrawals once we believe that the network after the upgrade is complete and the network is stable.
Swap trading for ETH and USDT ERC-20 tokens will not be affected. Users can still trade ETH and USDT ERC-20 during this time, however withdrawals from the platform will be temporarily suspended.
Remitano will temporarily suspend the opening of Swing orders for ETH around 2022-09-10 11:00:00 (UTC) until The Merge is completed.
Opening ETH Swing orders can not be closed during the above time period. Please ensure that you have enough time to ensure your ETH Swing orders are fully processed before the above time.
ETH liquidity pools on Remitano Liquidity will operate normally. Please ensure you take sufficient risk measures as price volatility is often high during contentious hard forks.
A further announcement will be made regarding the timing for the resumption of deposits and withdrawals, as well as further information about the potential ETH chain split that may affect the above information.
The Paris execution layer upgrade is estimated to take place at the ETH mainnet block height of 15,540,293. The estimated time is for users' reference only and is subject to change depending on block propagation times.
Remitano will continue to monitor The Merge and will notify you of any specific changes or plans as soon as possible.
