• Binance and Lido ETH holders will not receive the ETHW airdrop

  • ETH holders on various platforms, including Binance and Lido, will not receive the ETHW airdrop when it occurs. While most investors expect new tokens in the form of ETHW to be airdropped to their wallets if the Ethereum fork occurs, Binance, Lido, and others have stated their opposition to the airdrop.

    Binance and Lido will not distribute ETHW to ETH holders.

    Lido, a liquid staking service, issued an essay on September 10 to answer numerous frequently asked issues about The Merge. Lido stated in the post that if the Ethereum hard fork occurred, ETH holders would not receive any airdrop in the form of ETHW. This is a significant setback for supporters who were looking forward to receiving the ETHW airdrop.

    In response to the query, “Will Lido support ETHPoW?” “There have been no government recommendations to do so,” Lido explained, “therefore unless there is one, Lido will not assist the transfer of ETH PoW tokens to stETH holders.” Despite the fact that a few other exchanges have declared support for the ETHW airdrop, Lido’s stance affects the majority of ETH stakers.

    Binance, the second-largest cryptocurrency exchange by trade volume, has stated that it will not enable new forked tokens for ETH holders. This was mentioned in an article about The Merge’s new policies published on Tuesday.

    Despite its general support for ETHW, Binance stated that holders of BETH (ETH invested on Binance) would not get any ETHW airdrops. In the event of a chain split (Scenario B), users holding BETH will not receive credit for forked tokens,” Binance said.

    The Ethereum Merge has been completed successfully.

    At the moment, the world’s largest Ethereum staking service and the world’s largest exchange have stated that ETH stakers on their platforms will not get any ETHW airdrop. The majority of ETH holders reside on Lido and Binance. As a result, their decisions affect a huge number of stakeholders.

    The Ethereum Merge had already occurred at the time of publishing, with congratulations extended to the team and concerned proponents. On September 15, the Merge occurred at a Total Terminal Difficulty (TTD) of 58,750,000,000,000,000,000,000.

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