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Our statement on Ethereum’s Constantinople hard fork

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DAM’s position on the upcoming Ethereum (ETH) Constantinople hard fork

Dear valued customers,

We would like to update you all on the upcoming Ethereum (ETH) Constantinople hard fork on the 16th of January and DAM”s position.

We will be supporting the Ethereum (ETH) Constantinople hard fork and as a result the chain with the largest consensus. We will handle all the technical requirements for the hard fork. However, we do not anticipate that this would be a contentious fork.

Simply put, this is a non-contentious fork. Therefore others in the Ethereum (ETH) ecosystem should be in agreement and this is simply an upgrade. If it were a contentious fork, like the Bitcoin Cash ABC vs SV hashing war (fork), then we would have the scenario where we will have a new coin and ERC20s included.

The consensus at present is that there will not be a contentious fork. Should the fork be more contentious than anticipated the Company would need to take a view and further information will be provided as relevant.

For further information on the risks and in particular risks relating to hard forks, please see our Risk Statement for further information and the terms and conditions provided.

Thank you for your continued support and we assure to provide the best service where possible.

Regards,

DAM Team

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Digital Asset Management Limited is a Company registered in Gibraltar with registration number 116618, with registered business names and trading as ‘Damex’ and ‘Damex.io’. Damex is authorised by the Gibraltar Financial Services Commission (Licence Number 24738) as a Distributed Ledger Provider to provide custody solutions and broker/dealer services under the Financial Services Act. These services are separate and unrelated to the account and payment services you receive from Modulr FS Ltd. Digital Asset Management Limited is a registered EMD agent of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited. Your card is issued by Modulr FS Limited pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.

Damex.io UAB is a joint stock company registered in the Republic of Lithuania (under company number 306148560), with registered address at Žygimanto Liauksmino str. 3, Vilnius, Lithuania and is registered by the State Enterprise Centre of Registers of the Republic of Lithuania as a provider of virtual currency exchange and virtual currency wallet provider. These services are separate and unrelated to the account and payment services you receive from Modulr Finance B.V . Damex.io UAB is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your card is issued by Modulr Finance B.V. pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.

Your account and related payment services are provided by Modulr FS Limited, if you are registered in the UK, and by Modulr Finance B.V., if you are registered in the EU. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 (in the UK) and the Dutch Financial Supervision Act (Wet op het Financieel Toezicht, Wft) (in the EU). Click here to find out more.

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Please also see our Risk Notice for further information.

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