Dear AAXers.

The Ethereum Merge was completed when the Terminal Total Difficulty (TTD) of 58750000000000000000000 was achieved at the ETH mainnet block height of 15,537,393, or 2022-09-15 06:42:42 (UTC). AAX has resumed deposits and withdrawals for ETH and ERC-20 tokens on the Ethereum Proof-of-Stake (PoS) chain on September 15.

If the potential Ethereum Proof-of-Work chain (ETHW) is successfully implemented, eligible AAX users will be credited EthereumPoW (ETHW) by airdrop at a ratio of 1 ETH = 1 ETHW, based on their net ETH balances across eligible wallets at the snapshot time of 2022-09-15 00:30(UTC). Once the airdrop is completed, your ETHW assets can be queried through "Wallet -- Funding Account".

The specific time of ETHW airdrop, deposit and withdrawal as well as ETHW trading is to be decided, we will inform you soon, please pay attention to the latest announcement of the platform.

EthereumPoW (ETHW), a forked token of Ethereum (ETH), is a forked Ethereum based on the Proof of Work consensus mechanism,supported by unofficial community developers.

Risk warning: Ethereum (ETH) fork chain may not continue due to lack of the support such as computing power, development team or community, etc. Trading, investing or holding related forked tokens will have the risk of being cleared or removed. AAX does not make any promises for the value of any fork tokens, please judge rationally and make careful decisions.

If you have any questions, please contact our official customer service. Thank you for your support of AAX!

AAX team

September 16, 2022

Risk notice: Digital currency deals are risky. Please pay serious attention to your trading and purchase with care. AAX is not responsible for your loss due to any behavior of your trading.

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AAX reserves all rights in this announcement, including but not limited to, the right to adjust, interpret and terminate it at any time without prior notice.

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