ECX Plans to Launch Mainnet on October 31, Bitcoin Holders Can Receive ECX at a 1:1 Ratio

ECX is set to launch in three phases, with the Alpha phase going live around Bitcoin block height 963648, the Beta phase expected on September 20 at block height 967680, and the permanent mainnet planned for October 31 at block height 973728. The project is driven by Paul Sztorc, founder and head of Layertwo Labs, and developer of Drivechains and BIP-300/301. ECX will replicate the transaction ledger of Bitcoin's designated snapshot and distribute ECX to the majority of Bitcoin holders at a 1:1 ratio on the new network. Users who control their private keys through self-custody wallets will directly receive the corresponding assets at the time of the snapshot, while users on exchanges and other custodial platforms will need to wait for their respective platforms to decide whether to support the fork and distribute ECX. Existing BTC will not be exchanged, locked, or transferred. ECX plans to initially launch seven dedicated sidechains: Thunder, Zside, Bitnames, Bitassets, Photon, Truthcoin, and Coinshift. Of the approximately 1.1 million early Bitcoin corresponding addresses related to Satoshi Nakamoto, around 600,000 ECX will continue to be allocated to these addresses, while about 500,000 ECX will be allocated through special transactions for early investors and development funds, but this will not affect BTC on the Bitcoin network.

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