Crypto exchange Poloniex has just announced it intends to support potential Ethereum forks based on the proof-of-work (PoW) algorithm after the mainnet's merger with Beacon Chain, which is scheduled for September.
The platform has said in a statement:
"As the world's first exchange supporting Ethereum and Ethereum Classic, Poloniex will give full support to ETH's upgrade and its potential hard fork."
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According to the press release, on August 8, the platform will launch an interface to exchange ETH for ETH/ETHW. Potential fork tokens will also be able to be exchanged in pairs with each other. The offer will be valid until the upgrade is activated on the Ethereum mainnet.
Deposits and withdrawals in ETHS and ETHW will not be available. De facto, tokens are digital options on assets native to one of the blockchains.