CHBTC Announcement About Adding ETC Trading And Risk Warning
Dear CHBTC users:
The Ethereum blockchain has separated into two independent blockchains after hard fork, and the short blockchain is not curbed like the Ethereum foundation is expected that a large number of mining pools, exchanges and individual users unwittingly have lost a large number ETC which is originally worthless, this is Replay Attack. The development team of Ethereum Foundation admits the existence of the replay attack before the hard fork, but the realization of this function is ignored under the complexity and urgency.
CHBTC has hoped that the foundation will come forward to curb the development of ETC to avoid causing greater confusion. But now the foundation has defaulted the existence of ETC and will not curb its development. As a trading platform, Chbtc has a neutral attitude for ETC and will not do judge in the moral and value level.
Currently, the demand of market and users for adding ETC trading is strongly growing. At the same time we bear questioning and pressure from the users and after comprehensive consideration, we decide to open ETC trading function at 15:30 on August 1st, 2016, and at the same time to open ETC deposit and withdrawal services. But the investment users need to clear the following risks:
1. ETC has the value of investment and speculation same as other digital currencies, and the users need to bear the risk of profit and loss;
2. The current hash power of ETC blockchain is low and the network is unstable, so there is a risk of being attacked or even cleared;
3. ETC price is likely to fluctuate violently, borrowing users have the risk of being forced to close position;
4. Other currently unknown risks.
CHBTC will continue to monitor and evaluate the risk of ETC. Hope the majority of users to reasonably allocate funds and just to participate in the bearable risk.