As you may know, the fork for Bitcoin Cash is planned to happen on November 15. The development expectations for BCH have divided it into two separate coins, BCHSV and BCHABC.
In the previous blog post, we announced the full support of the pre-fork trading for BCHABC and BCHSV. Now we would like to share our strategy for the full support of the network during and after the hard fork to make the transition as smooth as possible.
During the time of transition, you will be able to trade all of the three currencies involved. The converter of BCH into BCHABC and BCHSV and back will also remain accessible.
In case you are already a holder of BCH, you can convert your tokens at any time before or after the fork.
Our step-by-step plan:
- Starting from November 15, 15:00 UTC, an hour before the fork, all BCH deposits will be automatically converted to BCHABC + BCHSV in 1 to 1+1 ratio. For example, for 5 BCH deposited you will receive 5 BCHABC and 5 BCHSV.
- Withdrawals for BCH will be stopped at 15:30 UTC, 30 minutes before the fork. Since then, separate deposits will be enabled for BCHABC and BCHSV.
- After the fork is completed and the network is stabilized, withdrawals for BCHABC and BCHSV will be enabled.
By allowing the pre-fork trading and supporting the hard fork fully, we are essentially encouraging the transparency and accessibility of financial instruments for the whole crypto-community.