TechFlow news, September 16 — According to an official announcement yesterday evening, Binance has successfully deployed on the Ethereum Proof-of-Work chain (ETHW). The exchange will airdrop ETHW to users' spot wallets at a 1 ETH = 1 ETHW ratio based on net ETH balances in eligible wallets as recorded in a snapshot taken at 14:42:42 on September 15, 2022. This distribution process typically takes approximately two to five days. Once distribution is complete, deposits and withdrawals for ETHW will be enabled. The snapshot includes net ETH balances held in spot accounts, funding accounts, margin accounts, Binance Savings accounts, staking accounts, and futures accounts. Accrued but undistributed ETH interest will not be included in the snapshot. ETH borrowed via margin trading or staking, or ETH transferred from these accounts into spot accounts, will not be eligible for distribution.
Additionally, regarding ETHW trading and listing on Binance, ETHW will undergo the same rigorous review process applied to all other tokens. Participation in this distribution does not guarantee a listing. Per internal policy, Binance makes no guarantees regarding future listings.
