Nexo is a blockchain project that provides instant short-term loans. The advantages of the project are that users are provided with fiat funds in accordance with the amount that was frozen in digital currency, customers retain ownership, there are low commissions, transparency, no lengthy inspections, no tax fees.

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What Nexo clients need to know about Ethereum’s critical upgrade and the company’s support for the highly likely PoW fork.

Nexo’s Approach to the Ethereum Merge & ETH Fork • Nexo

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Merge Update: Nexo to Support the Distribution and Trading of Forked Tokens

Our community has been asking about the Merge and whether we would support forked tokens. Here are our plans.

In the event of one or more PoW forks, we would support the distribution and trading of the forked tokens directly on the Nexo platform, subject to certain conditions. The forked tokens would be available for trading on Nexo immediately after they start trading on at least one of the leading trading venues we partner with.

To ensure funds’ safety, we will briefly pause ETH and ERC-20 token top-ups and withdrawals on the Ethereum and Polygon networks on:

1️⃣ Sep 6, at ~ 10:30 AM UTC for the Bellatrix upgrade on Ethereum only 
&
2️⃣ Sep 10-20 (precise time depends on the PoW hash rate) for the Paris upgrade on both Ethereum and Polygon.

Swapping and borrowing against ETH and ERC-20 tokens and sending/ receiving assets from other networks will be possible at all times. For more information about Nexo’s position and this exciting transition, read our blog.

https://nexo.io/blog/the-nexo-approach-to-the-ethereum-merge

Merge Update: Nexo to Support the Distribution and Trading of Forked Tokens.