The support for prominent crypto miner Chandler Guo’s EthereumPoW (ETHPoW) plan seems to be rising as Tron founder Justin Sun, crypto exchanges Poloniex, and Huobi have expressed support for the EthereumPoW hard fork and tokens ETHW and ETHS.
Justin Sun’s Poloniex Promises Support for ETHW and ETHS
Tron founder Justin Sun-backed Poloniex crypto exchange in a tweet on August 4 announced support for the EthereumPoW plan of Chinese miner Chandler Guo. Moreover, Poloniex stated it was the world’s first exchange to support Ethereum (ETH) and Ethereum Classic (ETC), now it will help expand the Ethereum ecosystem by supporting the EthereumPoW fork. The crypto exchange will also list forked tokens ETHW and ETHS.
Justin Sun in a tweet claim they have 1 million Ethereum (ETH). If the planned Ethereum hard fork worked, he will donate some ETHW to the community and builders to continue expanding the Ethereum ecosystem.
“We’ve witnessed the consensus mechanism of POW as a key factor driving the expansion of Ethereum ecosystem, and are willing to continue to support the development of the community.”
After the fork, Ethereum holders on Poloniex will receive forked tokens ETHW or ETHS in 1:1 ratio. However, Ethereum holders need to swap their ETH to either ETHW or ETHS on the swap page before the official Ethereum Merge. Users will also be allowed to revert back the swap before the Merge.
