As the HNTR and KDX tokens showed 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 HNTR and KDX Launchpad Participants' accounts will be taken at 17:00:00 UTC+8 on OCT 28, 2022, for their available HNTR and/or KDX balance in SPOT Wallet (HNTR and KDX current orders cannot be snapshotted to). All HNTR and KDX tokens acquired through Coinstore Launchpad will be frozen and deducted. Coinstore will compensate all launchpad participants with the corresponding committed token USDT for their tokens acquired from the HNTR and/or KDX Projects 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 HNTR and/or KDX sell order in the spot market before the snapshot time (2022/10/28 17:00:00 UTC+8) to receive the tokens compensation for this order. Late cancellations will not be compensated.
Details are as follows:
For HNTR and KDX acquired from Launchpad Event, the buyback prices will be calculated based on the subscription price.
i.e.
- Digital Arms (HNTR)：1 HNTR=0.02 USDT
- KeeDx(KDX) ：1 KDX=0.25 USDT
Please Note
- This compensation ONLY applies to users who participated in the DigitalArms(HNTR) and/or KeeDx(KDX)Launchpad event.
-The maximum amount of compensation is equal to the amount allocated to the user in the HNTR and KDX Launchpad event. Any amount over the allotted amount will not be compensated.
-After the snapshot time, the portion of the HNTR and KDX position added to the users' accounts will NOT be compensated.
Example:
On Oct.12, Alice signed up on Coinstore and participated in the subscription of HNTR Launchpad. The actual amount of token invested was equal to 200 USDT. Alice received 10,000 HNTR tokens at the end of the event.
Alice then sold some of her HNTR holdings and added some HNTR to her position, which resulted in a balance of 15,000 HNTR in Alice's HNTR account at the snapshot's time point.
In this case, Coinstore will only buy back the 10,000 HNTR tokens from Alice's account and compensate Alice for 200 USDT based on the following calculation:
10,000 HNTR*0.02 USDT / HNTR
The excess 5,000 HNTR tokens will not be eligible for the buy back compensation.
On Oct.13, Bob signed up on Coinstore and participated in the subscription of KDX Launchpad. The actual amount of token invested was equal to 250 USDT. Bob received 1,000 KDX tokens at the end of the event.
Bob then sold some of her KDX holdings and added some KDX to her position, which resulted in a balance of 1,500 KDX in Bob's KDX account at the snapshot's time point.
In this case, Coinstore will only buy back the 1,000 KDX tokens from Bob's account and compensate Bob for 250 USDT based on the following calculation:
1,000 KDX*0.25 USDT / KDX
The excess 500 KDX 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/ywsRJWaG8VBPCkhZ8
Once you successfully submit it, your HNTR or KDX position will not be repurchased. The deadline for application: Oct. 28, 2022, at 16:00:00 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!