Dear Cryptomerian Investor,
Depending on the rising questions and the expanding myths about the August 1st, 2017 SegWit update, we would like to make an annoucement after our investigations,
SegWit update will be a softfork on August 1st, 2017, which will be like the one Litecoin experienced in May 2017. So no new coin is expected, just as Litecoin.
However, SegWit's risk of causing a hardfork like Ethereum experienced may happen if SegWit update starts with a network support but could not maintain the support until the end of the update.
After the Ethereum harfork, all of our invested centers applied both coins to the customer accounts as ETC and ETH. So no problem is expected from the investment centers.
We checked all of our invested centers that they are ready for SegWit softfork or a possible hardfork while most of them are major service providers in their business.
However, depending on the rising risk for all, we take care seriously the process and maintain distributed investment strategy as a risk reduction layer.
In addition, we will pause deposit and withdraws between July 31, 2017 00:01 GMT and August 2, 2017 00:01 GMT to mitigate the possible doublespending issues.
Despite of the stress within which the ecosystem finds itself in, the current statistics show that the event of a hard fork is unlikely to happen:
https://coin.dance/blocks. You may also check the SegWit adoption at
https://bitcoincore.org/en/segwit_adoption/In this process, fell free to ask questions for your investments.
Best wishes,
Cryptomerian Team
