As the MWS token shows a weak performance since the launch, Coinstore and the Project agreed to compensate the Launchpad Project participants for their losses. The details are as follows: after friendly negotiations.
# Compensation Scheme:
A snapshot of all MWS Launchpad Participants' accounts will be taken at 16:00:00 UTC+8 on OCT 26, 2022, for their available MWS balance in SPOT Wallet (MWS current orders cannot be snapshotted to). All MWS tokens acquired through Coinstore Launchpad will be frozen and deducted. Coinstore will compensate all launchpad participants with the corresponding committed token USDT for their MWS tokens acquired from the MWS Project on Launchpad. We will account for this compensation as soon as possible and the compensation will be credited to your account within three business days.
Tips: Please cancel your unfilled MWS sell order in the spot market before the snapshot time (2022/10/26 16:00:00 UTC+8) to receive WMS compensation for this order. Late cancellations will not be compensated.
Details are as follows:
For MWS acquired from Launchpad Event, the buyback prices will be calculated based on the subscription price, i.e. 1 MWS = 0.095 USDT
Please Note
- This compensation ONLY applies to users who participated in the Meta Warriors (MWS) Launchpad event.
-The maximum amount of compensation is equal to the amount allocated to the user in the MWS Launchpad event. Any amount over the allotted amount will not be compensated.
-After the snapshot time, the portion of the WMS position added to the users' accounts will NOT be compensated.
Example
On Oct.26, Alice signed up on Coinstore and participated in the subscription of MWS Launchpad. The actual amount of token invested was equal to 95 USDT. Alice received 1,000 MWS tokens at the end of the event.
Alice then sold some of her WMS holdings and added some WMS to her position, which resulted in a balance of 1,500 MWS in Alice's MWS account at the snapshot's time point.
In this case, Coinstore will only buy back the 1,000 MWS tokens from Alice's account and compensate Alice for 95 USDT based on the following calculation:
1,000 MWS*0.095 USDT/MWS
The excess 500 MWS tokens will not be eligible for the buy back compensation.
Please make sure you have enough balance at the snapshot time.No extra operation is needed for Coinstore will complete this compensation progress automatically.
*Please complete the application form below if you DON'T want to participate in this compensation: https://forms.gle/LVtBcRqXCCa44F5g9
Once you successfully submit it, your MWS position will not be repurchased. The deadline for application:Oct. 26, 2022, at 15: 00: 00 UTC+8
Coinstore sincerely apologizes for the situation. Please be aware of market risks and make your investment cautiously. Thank you for your understanding and support!