There is a widespread perception that when Ethereum switches to Proof-of-Stake (PoS), a portion of Ether (ETH) miners will split the network to become Proof-of-Work (PoW), allowing them to continue mining. CoinGecko co-founder thinks there are strategies for ETH owners to benefit from this upcoming event. In a Twitter thread, Bobby Ong, co-founder of CoinGecko, discussed his plans for the coming ETH Merge. Ong stated that ETH holders would soon receive airdrops of ETH PoW tokens and offered suggestions on how to take advantage of this opportunity. The Ethereum Merge is scheduled to take place on 13 September. Christmas season is here again. ETH holders will soon be airdropped ETH PoW tokens. What should you do to best position yourself? Here are 7 steps you may consider to fully take advantage of the Merge: — Bobby Ong (@bobbyong) September 5, 2022 Easiest Way To Get Fork Airdrops Ong pointed out that holding ETH at exchanges that accept the forks is the simplest method to get the fork airdrops. But having ETH in hardware wallets would also function and may qualify a trader for all the forked tokens. The executive also suggested that traders withdraw their ETH liquidity from decentralized finance (DeFi) protocols, unwrap their wrapped Ether (wETH), and bridge their tokens back to the ETH mainnet to increase the amount that holders can get. Considering these suggestions, Ong stated that even if he could be eligible to get all o...
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