StraitsX is supporting Ethereum’s “The Merge” event, which will see the existing execution layer of Ethereum with its new proof-of-stake (PoS) consensus layer, the Beacon Chain. The Merge is expected to bring energy efficiencies and result in improved scalability, security and sustainability for the Ethereum blockchain.

To ensure the stability of our platform, we will temporarily suspend transfers of XSGD & XIDR (ERC-20) tokens during The Merge, starting Wednesday, 14 September 2022 from 10:00pm and we will closely monitor the situation and resume services once we deem the blockchain to be stable.

StraitsX will fully and solely support the upgraded Ethereum proof-of-stake (PoS) chain.

Please exercise caution against scams during this transition. Tokens resulting from any unofficial Ethereum forks will not be recognised by the StraitsX platform.

For XSGD and XIDR developers who have questions about how the merge would impact you, please reach out to our support team.