I want to start by thanking the community for their support during the past couple of days. In the past few days, NDAX had experienced a significant backlog created by technical difficulties with our payment processor between our bank and the platform. We are still required to rely on a traditional payment processing system for Canadian dollar transactions where funds are delivered via email. The sudden increase in deposits and signups that was largely driven by Doge market fluctuation created a substantial lag that disrupted e-transfer processing.

The Ethereum London Hard Fork is scheduled to go live on the Ethereum blockchain on or around August 5th between 7:00 am EST to 10:00 am EST, on block 12,965,000. For more information on the hard fork visit London Mainnet Announcement and for detailed specifications visit London Network Upgrade Specification. To ensure the smoothest transition during the Ethereum hard fork, NDAX will suspend all Ethereum and ERC-20 withdrawals and deposits beginning on August 5th at 2:00 am EST until the blockchain stabilizes to protect against any unforeseen network challenges.

Satoshi's vision was to protect the public interest by replacing the current financial system with a distributed and transparent economic model. Regulating cryptocurrency is required to be one of the main pillars for the success of this vision. As early Canadian cryptocurrency users, NDAX's aim from day one was to be transparent in protecting our clients' best interest. At NDAX, all client fiat deposits are 100% insured and our cryptocurrency holdings have limited insurance.

During the last couple of months, we have enjoyed seeing the different ways our clients have maximized the effectiveness of their affiliate links through videos, social posts, groups and blog content. As a result, our top affiliates have generated more than $30,000 a month!  Today, we are writing to inform you of the upcoming changes to NDAX's Affiliate program's tier structure and terms and conditions. All changes will be effective as of July 1st, 2021.