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Here’s How To Benefit From ETHEREUM Merge: CoinGecko Co-Founder

Nearly every cryptocurrency market participant has heard of the Ethereum upgrade designed to completely change the network, but too many people are missing out on ways to capitalize on one of the biggest events in the cryptocurrency industry. Bobby Ong explains how.

PoW tokens

If you have some ETH tokens, you are automatically eligible for the Ethereum PoW token airdrop. If you hold your funds on centralized exchanges or non-custodial wallets, it is better to move the funds to a hardware wallet to gain full control.

1. To get the ETH PoW tokens, you must first hold ETH on a wallet that supports this fork.


The best would be to have full custody of your ETH on a hardware wallet. If you are holding ETH on an exchange, your exchange may or may not give you the fork tokens.

— Bobby Ong (@bobbyong) September 5, 2022

Avoid keeping Ethereum at Layer 2

While there’s nothing wrong with using Optimism, Arbitrum, and other alternative Ethereum layers, you won’t get any ETH PoW tokens if you keep your assets there.

ETHEREUM

Borrowing ETH from DeFi platforms

Investors are looking for ways to maximize their airdrop shares, so they get “cheap” ETH by putting some of their reserve funds in collateral.

RELATED : U.S Congressman Says Crypto Ban Will End Soon

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

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