Dear MaiCoin Users,
Ethereum’s consensus mechanism is migrating from Proof-of-Work (PoW) to Proof-of-Stake (PoW) in a two-step process:
- On 9/6 p.m. 19:00 (UTC+8), MaiCoin will suspend deposit and withdrawal of ETH and ERC20 Tokens on Ethereum network for the “Bellatrix” consensus layer upgrade. A further notice will be posted after the upgrade when MaiCoin is ready to resume these services.
- Some time between 9/10 and 9/20, MaiCoin will suspend deposit and withdrawal of ETH and ERC20 Tokens on Ethereum network again for the “Paris” execution layer upgrade. Actual time for this upgrade is yet to be sure, and a further notice for precise schedule will be posted as we approach this upgrade.
There is a scenario where a forked token be produced during this upgrade. MaiCoin would only support this forked token should its stability and liquidity meet our requirements. Customer is advised to plan accordingly before MaiCoin suspend withdrawal for the 2nd step upgrade mentioned above.
Trading, fiat deposit withdrawal, and transfer of all digital assets that is not on the Ethereum network will not be affected during above mentioned periods.
Thank you for your understanding and support,