ZB.com has completed the Bitcoin Cash (BCH) fork, resulting in two new chains: Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV). This announcement outlines the distribution process and trading details for these new assets.
Key Dates and Distribution Process
- Snapshot Time: November 16, 00:40 (UTC+8)
- Distribution Period: Before November 19, 19:00 (UTC+8)
- Trading Launch: November 19, 20:00 (UTC+8)
Asset Allocation
- Holders will receive 1 BCHABC and 1 BCHSV for every 1 BCH held at the snapshot time.
New trading pairs:
- BCHABC/QC, BCHABC/USDT
- BCHSV/QC, BCHSV/USDT
- Original BCH trading pairs will be discontinued.
Leverage and Collateral Loan Adjustments
ZB.com will settle existing BCH leverage and collateral loans before distributing BCHABC/BCHSV.
Settlement Rules:
Leverage Users:
- Must repay 1 BCHABC + 1 BCHSV per 1 BCH borrowed.
Repayment priority:
- Use BCH leverage account assets first.
- Deduct from allocated BCHABC/BCHSV if insufficient.
- ZB.com covers any remaining shortfall.
Collateral Loan Users:
- Repay 1 BCHABC + 1 BCHSV per 1 BCH borrowed.
Steps:
- Deduct allocated BCHABC/BCHSV first.
- Purchase remaining BCHABC/BCHSV from the market if needed.
- ZB.com covers unresolved deficits.
Pre-Distribution Repayments:
- Users repaying BCH after the snapshot but before distribution will not receive BCHABC/BCHSV for repaid amounts.
Loan Repayment Suspension:
- BCH loan repayment functions will close before distribution.
Settlement Timeline:
- Begins November 20, 2018 (UTC+8).
- Users may contact ZB Support for assistance.
Deposit and Withdrawal Services
- BCHABC/BCHSV deposits/withdrawals will open after blockchain stabilization.
- Further updates will follow.
👉 Visit ZB.com for real-time updates
FAQ Section
Q1: When will BCHABC/BCHSV trading start?
A1: Trading opens on November 19, 20:00 (UTC+8).
Q2: How are BCH loans handled post-fork?
A2: Loans are settled in BCHABC/BCHSV equivalents, with ZB.com covering gaps if repayment fails.
Q3: Can I still repay BCH loans after the snapshot?
A3: Yes, but repaid amounts forfeit BCHABC/BCHSV allocations.
Q4: When will BCHABC/BCHSV withdrawals begin?
A4: After network stability is confirmed—watch for announcements.
Q5: What happens if I borrowed BCH but lack funds to repay?
A5: ZB.com absorbs the loss after deducting your allocated BCHABC/BCHSV.
Thank you for trusting ZB.com!
ZB Global Team
### Keywords:
- BCH fork
- BCHABC distribution
- BCHSV trading
- ZB.com announcement
- Bitcoin Cash update
- Leverage loan settlement
- Cryptocurrency fork rules
- BCH snapshot