Following the launch of our ETHPOWZ22 contract on 8 August, we would like to share further information on the .BETHPOWT Index.
If the Ethereum merge happens and a Proof of Stake coin results with no chain split, then .BETHPOWT will be valued at zero.
If the Ethereum merge happens with a chain split, resulting in a Proof of Stake coin and a Proof of Work coin, then .BETHPOWT will be valued at the market price of the new Proof of Work coin if BitMEX can determine a fair price from reliable sources, otherwise it will be valued at zero.
If the Ethereum merge does not happen and no Proof of Stake coin is formed, then ETH will be the Proof of Work coin and .BETHPOWT will be valued at the same price as .BETHT.
For any questions regarding this announcement, please contact Support.