Gate will support the BitcoinCash (BCH) protocol upgrade scheduled
at block height 661648, approximately around November 15, 12:00
UTC. This upgrade includes a new difficulty adjustment algorithm and
block reward adjustment.

In this protocol upgrade, the rule that
8% of the block reward will go to the developers is contentious,
which is supported by BitcoinCash ABC clients and opposed by Bitcoin
Cash Node clients. After this upgrade, BitcoinCash (BCH) might split
into two chains. As there is no effective replay protection in place,
when one wants to send a transaction on one chain, the tokens on another
chain can be sent as well.

For more on the 8% block reward for developers supportive upgrade part, please read https://www.bitcoincash.org/spec/2020-11-15-upgrade.html

Gate will support the upgrade, below is our schedule in regards to this upgrade :

Gate will close deposits and withdrawals of BCH before the
hard-fork time, and subsequently start to implement the upgrade.
Gate will snapshot users’ BCH spot balance on Nov 15th at 12:00 UTC,
which will be used as our basis to allocate the “Candies,” also known
as forked tokens, if there will be any. The spot balance includes the
spot account balance, margin account balance( excluding borrowed BCH),
and lending account balance (lent BCH included). If you have borrowed
BCH before the hardfork, you will have to repay both the BCH loan and
forked tokens (if any). If you do not want to handle the possible
“candy” repayment, please repay your BCH loan earlier.
During the
process of upgrading, BCH spot trading and margin trading will be
unaffected. But you should be aware of possible drastic price
fluctuations and adjust your orders accordingly.
During the
upgrade, BCH perpetual contracts will still use those published
constituent indices to calculate the mark price.If any index platform
suspends their trading, we will discard that index temporarily. Please
note, drastic market fluctuations might occur during the upgrade, which
may lead to the occurrence of a higher frequency of liquidations.
Please beware of the risks and adjust your positions in advance.
After the upgrade, Gate will mirror your BCH holdings to the BCH
chain recognized by the community, whilst giving the other chain (if any
) the new name according to community consensus. We will airdrop the
“candy” balance to your account based on the BCH snapshot.
After
the upgrade, Gate will open deposits and withdrawals for BCH and
“Candy” at the earliest time possible. If we are going to support the
trading of “Candy,” we will let you know by posting it on our
announcement.
At Gate, we have a unique deposit with a replay
protection mechanism in place, which can effectively protect you
against asset loss caused by replay attacks. If you send a transaction
with tokens from two split chains to Gate, both of them will be
received.

Deposit BCH at

https://www.gate.com/myaccount/deposit/BCH

Trade BCH at

BCH/USDT https://www.gate.com/trade/BCH_USDT

BCH/BTC https://www.gate.com/trade/BCH_BTC

Gate is an established exchange that holds integrity, transparency,
and fairness to a very high standard. We charge zero listing fees and
only choose quality and promising projects. Thanks to everyone who has
joined us in our journey. We always intend to improve and innovate to
reward our users for their continuous support.

Gate Team

November 10th, 2020

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