Forks and Airdrops. Unless otherwise agreed, any purchased digital asset will not include any additional digital assets resulting from a fork or airdrop that has occurred after execution and before settlement.
Forks and Airdrops a. Unless specifically instructed by Client and agreed to by NYDIG Execution, an order to buy, sell, or take any other action related to a particular digital asset does not include an order to take such actions with respect to any fork or airdrop with respect to that digital asset.
Forks and Airdrops a) The underlying protocols of any cryptoasset may change with little, or no, advance notice. This can significantly change the application, function, value or even the name of the cryptoasset. These changes are called "Forks" and may result in the original asset splitting into 2 or more new cryptoassets. Forks and Airdrops are explained further in clause 9 of our related Cryptoasset Product Information.
Forks and Airdrops. You agree and understand that the underlying protocols of Cryptocurrency networks are subject to changes in operating rules (each a “Fork”) that may result in more than one version (each, a “Forked Network”) and we and/or the Custodians holding an identical amount of your purchased Cryptocurrencies associated with each Forked Network. You further agree and understand that Forks may materially affect the value, function, and/or name of your purchased Cryptocurrencies. In the event of a Fork, you agree and understand that we, in consultation with the Custodians, which store your purchased Cryptocurrencies in trust for your benefit, will determine which Forked Networks to support and that we may temporarily suspend the Services (with or without advance notice to you) until such determination is made. You agree and understand that we and the Custodians may choose not to support a Forked Network (each, an “Unsupported Forked Network”) and that you have no right, claim, or other privilege to any Cryptocurrencies of an Unsupported Forked Network. We will notify you of our and the Custodians’ determination with respect to a Fork within a reasonable period of time. You agree and understand that, if you wish to sell Cryptocurrencies related to an Unsupported Forked Network, you must do so prior to the occurrence of any Fork. You agree and understand that entities or persons unrelated to WS Crypto may transfer, or attempt to transfer, crypto assets to existing holders of a Cryptocurrency (an “Airdrop”) and as a result, we and/or the Custodians may hold additional crypto assets transferred as a result of or in connection with an Airdrop (“Airdropped Assets”). In the event of an Airdrop, you agree and understand that the Airdropped Assets are not a Supported Cryptocurrency and that we, in consultation with the Custodians, will determine whether to support the Airdropped Assets. You agree and understand that we and the Custodians may choose not to support Airdropped Assets and that you have no right, claim or other privilege to any Airdropped Assets. In the event that we and the Custodians choose to support Airdropped Assets, we will notify you of the determination. You acknowledge and agree that in the event we, in consultation with the Custodians, elect to support Airdropped Assets or an Unsupported Forked Network and reconcile accounts with you, we may withhold, retain or sell a portion of the Airdropped Assets and Cryptocurrencies of the Unsupported Forked Network t...
