At approximately 2020/11/15 12:00 PM (UTC), the Bitcoin Cash (BCH) blockchain is scheduled to undergo a hard fork. There is likely a chain-split between the two main BCH clients, Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN), making this a contentious hard fork that may result in an additional token. Binance.com has released an announcement regarding the BCH hardfork event. There are pegged BEP2 and BEP20 BCH tokens on Binance Chain and Binance Smart Chain, thanks to Binance Token Canal Project. The plan is set up to maintain the security of the token holder fund.
Regarding the BCH Hard Fork
Binance.com will credit users with BCH from the chain with the most work done. The tokens from the minority chain will be issued on Binance Chain and Binance Smart Chain. These new tokens will be bind together.
We will then also airdrop the coin from the minority chain at a ratio of 1:1 to token holders based on the snapshot of BCH balances at 2020/11/15 12:00 PM (UTC), as stated above. Further details regarding this distribution will be stated in a separate announcement.
Regarding BCH holding in dApp
- For dapp managers
BCH liquidity pool contract can get additional coins from the locked BCH coins. Please fill in this form for the airdrop. The designated address should be able to receive extra coins after the submission of valid information. The team will contact the team by mail when necessary.
- For token holders
We recommend you withdraw your BCH from dApps to your wallet or Binance.com before 2020/11/15. Otherwise, please inquiry dApp projects about their plan for this hard fork.