ETC Group has announced that it will issue a new token for miners who oppose the transition to the Proof-of-Stake (PoS) system following the Ethereum Merge update.
ETP issuer ETC Group, which manages $7 billion in funds in Europe, announced on Wednesday a new Ethereum ETPofficially announced its launch. ETC Group’s new Ethereum ETP will be released on September 15th. A group of miners who oppose Ethereum’s transition to a proof-of-stake system It will be based on a forked Proof-of-Work (PoW) blockchain that represents This PoW alternative blockchain will provide a foundation for ETC Group’s new proof-of-work powered ETP, called ETC Group Physical EthereumPoW or ETHWetc. ETHW to a new token named Will have.
According to the announcement, ETHWetc’s Deutsche Boerse‘s e-commerce platform xetra‘in ZETW It is expected to be listed under the symbol. ETC Group added that the listing will take place shortly after the fork event on September 15.
CEO of ETC Group Bradley Dukepointed out that it is within the vision of the company to take advantage of such hard forks on leading cryptocurrencies.
All users with our Ethereum-based ETP will receive a one-to-one airdrop of new Ethereum PoW ETPs at no cost. We believe it is the only right way for users who have invested in our products to benefit from such fork rewards.