A campaign has lately been on, against the upcoming merge due to kick start next month, where miners would no longer be using sophisticated computing hardware to solve mining difficulties, a shift to Proof of Stake will completely cut off all mining activities on the ethereum blockchain miners are concerned that their million dollars worth of investment on ASIC mining hardware will amount worthless once merge kick off September, all necessary support to fork a new token from ethereum is on going a prominent Chinese miner Chandler Guo, a core developer who supported 2016 ethereum hard fork has called on the general public to support his new campaign of forking a new token ETHW which will be used to enhance continuity of mining post-merge last week he made the announcement where he boasts of forking Ethereum Classic from Ethereum blockchain he reiterated he will do it again with the new fork ETHW token.
New ally Justin sun
The new campaign seems to be getting traction as Tron founder Sun announced his full support last week pledging his centralized exchange poloniex will list ETHW once it's forked successfully.
According to him, his exchange was the first to list Ethereum and he will also stick to making records of listing the new post-merge token once it's launched.
What is ETHW token
ETHW will be a post-merge token that will enable miners on the ethereum blockchain to continue mining on the network once the merge is successful there are no utility values attached to the token yet its price value has neither been determined, the token linked to ethereum will help build a better market value as a most new crypto token, early adopters will likely generate good profit the only value that drives ETHW will be mining infrastructure which will be used to mint new ETHW.
ETHW is likely to generate much excitement upon its debut—excitement that can be leveraged into profitability for early investors.
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Nothing much can be said about the new token since its launching is not certain, being an ethereum forked could attract a lot of investors although there is speculation its market value could go down to zero easily since miners would be selling their generated profit to maintain their hardware which can increase supply in the market with fewer buyers.
What we can say about ETHW is that it could be much of a hype token with a big exchange like poloniex listing which will give it traction from big investors that shouldn't be a problem as what happens next after big list matters a lot, can ETHW stand market pressure with less utility use case?