Announcements

Announcements > Distribution of Unrelated Forks on Chain Split Tokens December 21, 2017

Since the introduction of Chain Split Tokens, there have been unanticipated developments that require amendments to the CSTs Terms & Conditions. In particular, these changes concern forks occurring that generate additional assets for BTC already ‘locked up’ in CSTs.

For existing CSTs, if a fork that is unrelated to the CST in question occurs, then assets created by virtue of the fork will accrue to CST holders associated with the Incumbent Blockchain, i.e., to BCC, BT1, and BG1, respectively. It is anticipated that this results in the following outcomes:

  • BCC/BCU: Holders of BCC immediately prior to the BCH forking event on August 1, 2017 at 13:16:14 UTC have received BCH on a 1:1 basis. Holders of BCC immediately prior the snapshot event for BTG on October 24, 2017 at 01:20:39 UTC will also receive BTG on a 1:1 basis.
  • BT1/BT2: Holders of BT1 as of the snapshot event for BTG on October 24, 2017 at 01:20:39 UTC will receive BTG on a 1:1 basis.
  • BG1/BG2: No adjustments are necessary here as these CSTs were created and resolved without any intervening unrelated forks occurring.

The credits have been applied; we apologize for any inconvenience the delay may have caused.