ETH Merge: CoinGecko Co-Founder Shares His Forked Token Strategy

Bobby Ong tweeted that holders can link their tokens to the mainnet, unpack their Ether and withdraw their liquidity to maximize airdrop eligibility ETH PoW.< /p> New

Many believe that after Ethereum transitions to proof-of-stake (PoS), a faction of Ether (ETH) miners will create a proof-of-work (PoW) fork of the network so they can continue to mine. An executive believes there are ways for ETH holders to take advantage of this upcoming event.

In a Twitter thread, Bobby Ong, the co-founder of token news website CoinGecko, shared his strategies regarding the upcoming ETH merger. According to Ong, ETH holders will soon receive ETH PoW token airdrops and shared some tips on how ETH holders can fully seize this opportunity.

Ong noted that the easiest way to get fork airdrops is to hold ETH on exchanges that support forks. However, holding ETH in hardware wallets would also work and could make a trader eligible for all forked tokens.

To maximize the amount holders can get, the exec also advised traders to tether their tokens to the ETH mainnet, unwrap their Wrapped Ether (wETH), and withdraw their ETH liquidity from trading protocols. decentralized finance (DeFi).

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