{"id":14072,"date":"2022-09-17T13:05:21","date_gmt":"2022-09-17T13:05:21","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2022\/09\/17\/top-exchange-bybit-launched-a-special-ethereum-airdrop-and-zero-spot-fee-campaign\/"},"modified":"2022-09-17T13:05:21","modified_gmt":"2022-09-17T13:05:21","slug":"top-exchange-bybit-launched-a-special-ethereum-airdrop-and-zero-spot-fee-campaign","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2022\/09\/17\/top-exchange-bybit-launched-a-special-ethereum-airdrop-and-zero-spot-fee-campaign\/","title":{"rendered":"Top Exchange Bybit launched a special Ethereum Airdrop and Zero spot fee campaign"},"content":{"rendered":"<div class=\"dsprime\"><img decoding=\"async\" width=\"525\" height=\"350\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2022\/09\/Samrat.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 10px\" \/><\/div>\n<ul>\n<li style=\"text-align: center\"><span data-preserver-spaces=\"true\"><em>One of the best Crypto exchanges in India, Bybit, intends to support ETHW, the proof-of-work hard fork of Ethereum&#8217;s blockchain. <\/em><\/span><\/li>\n<li style=\"text-align: center\"><span data-preserver-spaces=\"true\"><em>\u00a0The popular exchange among Indian users for its exclusive features and rewards program, Bybit, said ETHW tokens would be listed after the merge.\u00a0<\/em><\/span><\/li>\n<li style=\"text-align: center\"><span data-preserver-spaces=\"true\"><em>The crypto exchange will also support airdrops, deposits, and trading for ETHW coins eight hours after the upgrade\u00a0<\/em><\/span><\/li>\n<li style=\"text-align: center\"><span data-preserver-spaces=\"true\"><em>Bybit is also leading the industry with &#8220;ZERO TRADING FEE&#8221; for all crypto spot pairs, including ETH.\u00a0<\/em><\/span><\/li>\n<li style=\"text-align: center\"><span data-preserver-spaces=\"true\"><em>The exchange recently crossed 10 million users by earning the trust of all traders around the world. It&#8217;s growing in India very significantly.<\/em><\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\"><strong>September 17: <\/strong>One of the most trending crypto events in history,\u00a0<a href=\"https:\/\/d.adx.io\/go\/iJcW2jgn\"><strong>The Merge of the Ethereum<\/strong><\/a>\u00a0(#EthereumMerge aka #ETHMerge in social media) Mainnet to the proof-of-stake (PoS) chain is estimated to take place at 1:30 AM UTC on Sep 15, 2022. This timing is subject to change depending on when the Paris upgrade, the execution layer portion, is complete \u2014 when the proof-of-work (PoW) chain reaches the Terminal Total Difficulty (TTD) value of 58,750,000,000,000,000,000,000.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The major cryptocurrency exchange Bybit will support the Ethereum proof-of-work hard fork called ETHW, the platform\u00a0<a href=\"https:\/\/announcements.bybit.com\/en-US\/article\/ethw-airdrop-blt36193d43ffc14c05\/?category=latest_activities\">announced<\/a>\u00a0via a website update and tweet on Wednesday. Also, the exchange will support ETHW token airdrops and trading following the merge.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The exchange shared the news ahead of Ethereum&#8217;s upcoming upgrade from proof-of-work to proof-of-stake. &#8220;The Merge&#8221;, as the upgrade is known in the crypto community, is only hours away at press time.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ethereum PoS would adopt an energy-efficient consensus mechanism and leverage network participants with staked Ether (ETH) for network security, among other key blockchain needs. These participants are known as Stakes in a PoS network and would essentially replace miners.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bybit Ready To Distribute ETHW Tokens Right After The Merge<\/span><\/p>\n<p>Bybit said ETHW tokens would be distributed eight hours after the merge goes live. The exchange plans to support the Airdrop (<em><span data-preserver-spaces=\"true\">A chain-splitting hard fork creates two competing blockchains and a new token, &#8220;ETHW&#8221;. Bybit will take a snapshot of users&#8217; ETH equities at the time of the Paris layer upgrade when the TTD value is reached, and airdrop ETHW forked tokens to users at a ratio of 1:1. The ETHW forked tokens will be airdropped to your Bybit Spot account, and the airdrop&#8217;s completion will be announced accordingly<\/span><\/em><span data-preserver-spaces=\"true\">), hard-forked token deposits, and trading. Bybit will also list ETHW\/USDT for futures trading via perpetual contract.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Based on earlier updates regarding ETHPoW, the team behind plans to hard fork Ethereum&#8217;s blockchain during the\u00a0<a href=\"https:\/\/www.forbes.com\/sites\/seansteinsmith\/2022\/09\/13\/ethereums-paris-upgrade-starts-today-kicking-off-historical-final-merge-process\/\">merge<\/a>\u00a0and sustain a PoW ecosystem. The process would maintain Ethereum&#8217;s block history up till the PoS upgrade.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">ETHPoW plans to launch its decentralized PoW network within 24 hours of Ethereum&#8217;s PoS upgrade. It remains unclear how many exchanges plan to support ETHPoW at press time. There is no update from Indian crypto exchanges like Wazirx, CoinDCX, CoinSwitch, Unocoin etc. as well on #EthereumMerge, aka #ETHMerge support yet. Crypto Platforms like Deribit and OKX said tokens might be listed if users show demand for such coins.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, crypto stakeholders like\u00a0<a href=\"https:\/\/en.ethereumworldnews.com\/merge-tether-usdt-ethereums-pos-upgrade\/\">Tether<\/a>\u00a0(USDT) and\u00a0<a href=\"https:\/\/en.ethereumworldnews.com\/circle-ethereums-pos-merge-chain-only\/\">Circle<\/a>\u00a0(USDC) do not intend to support forked protocols or coins at press time.<\/span><\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification[at]gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the best Crypto exchanges in India, Bybit, intends to support ETHW, the proof-of-work hard fork of Ethereum&#8217;s blockchain. \u00a0The popular exchange among Indian users for its exclusive features and rewards program, Bybit, said ETHW tokens would be listed after the merge.\u00a0 The crypto exchange will also support airdrops, deposits, and trading for ETHW&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2022\/09\/17\/top-exchange-bybit-launched-a-special-ethereum-airdrop-and-zero-spot-fee-campaign\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;Top Exchange Bybit launched a special Ethereum Airdrop and Zero spot fee campaign&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":14073,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-14072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/14072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=14072"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/14072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/14073"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=14072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=14072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=14072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}