Fellow Coinstorers,
We would like to inform you that we will continue to maintain support for SEC tokens in the XRP wallet. However, due to necessary wallet upgrades, we will no longer support SEC token withdrawals on the XRP network starting from 6 PM(UTC+8) on 21 June, 2024.
To ensure a seamless maintenance process, all SEC tokens held by Coinstore users will be temporarily locked. As a benefit for users with locked SEC, we will provide staking rewards.
Important Notices:
1、Withdrawal Deadline: Please withdraw your SEC by 6 PM(UTC+8) on 21 June, 2024. If you do not withdraw your SEC by this deadline, all SEC holdings on the platform will be automatically locked.
2、Staking and Interest: The locked SEC assets will be staked, and you will earn interest on your holdings. The annual yield for the staked SEC assets will be 10%. This means that you can benefit from holding your SEC on our platform through passive income generation.
4、Wallet System Upgrade: We are currently working diligently to upgrade our wallet system. Once the upgrade is complete, we will resume support for the SEC token.
Why the Change?
- Community-Centric Decision: We listened to your feedback and, in collaboration with the project team, opted for a more beneficial approach for our users.
- Value Addition: This staking model allows you to earn interest on your SEC holdings, providing an opportunity to grow your assets while they are locked.
- Enhanced User Experience: We believe this change will improve the overall user experience by offering a more attractive and rewarding option for managing SEC assets.
We understand that changes can bring questions and concerns. Our support team is ready to assist you with any inquiries or support you may need during this transition. We are committed to ensuring a smooth and beneficial experience for all our users.
Thank you for your continued support and trust in Coinstore. We are dedicated to providing you with the best possible service and opportunities for your digital assets.
Best regards,
Coinstore Team
21 June, 2024