Upon creation by a user, ETH will be debited from the user’s account, and an equivalent amount of ETHW and ETHS will be credited. Users will also be able to reverse this process at any time, redeeming equal numbers of ETHW and ETHS to extract ETH.

iFinex Financial Technologies Limited has identified three potential scenarios and therefore the ETHW and ETHS tokens are designed to give users the ability to help prepare for the following outcomes:

• In the event that there will be no consensus change on the current Ethereum (Ethereum Proof of Work chain) ETHS will expire worthless and ETH will be given in exchange for each ETHW holding.
• In the event of a successful consensus change for Ethereum (Ethereum Proof of Stake chain) with no fork, ETHW will expire worthless and ETH will be given in exchange for each ETHS holding.
• In the event of a successful fork and a successful consensus change for Ethereum, users will be credited with their respective ETHW and ETHS tokens.

These tokens will expire on 31st December 2022. For full product disclosure please see the terms.