Thank you for your patience, understanding and support. DragonEx has been actively seeking for external investment recently, however, the process takes time and uncertainty exists as well. In order to shorten the waiting time, DragonEx plans to restore token withdrawal gradually through a temporary solution.
The details are as below,
- Users can acquire DWQ (DragonEx Withdraw Quota, 1DWQ=1USDT, users are able to withdraw 1USDT assets with 1DWQ) through trading, mortgage loan, deposit. The solution will be activated on 9th November 2020. (The first snapshot will be taken on 00:00 10th November)
- DWQ/USDT will be listed for trading on 15th November 2020 and users are free to transfer DWQ.
- DWQ Acquire Algorithm
- Through trading and mortgage loan,
DWQ= 【User A Contribution (Trading Fee + Mortgage Loan Interest*2%) 】/ 【All Users Contribution (Trading Fee + Mortgage Loan Interest*2%)】*【Daily Issued Total DWQ for Trading and Mortgage Loan】
- Through deposit (the valid date and details are TBD)
- a) The trading fee paid through discount points will not be included into DWQ calculation.
- b) The trading fee can be from Spot market, Leverage market and Futures.
- c) The rule of acquiring DWQ through deposit is to be decided and will be announced soon.
- d) DWQ will be released at 15:00 (UTC+8) each day.
- e) The DWQ issuing rule for trading and mortgage loan is as follows, which will be adjusted according to the actual profitability.
- When users make withdrawal, the same value of DWQ will be consumed, 1DWQ=1USDT.
- If future profitability improves to the full reserve level, DragonEx will
- a) Cancel DWQ Acquire rule
- b) Burn all DWQ
- c) Cancel the requirement of DWQ for withdrawal
- d) Delist DWQ/USDT trading pair
Through official announcement in advance.
- Restoration of Deposit and Withdrawal
When the DWQ solution is activated, DragonEx will restore deposit and withdrawal gradually.
- USDT/DC trading restored.
USDT/DC trading will be restored on 12:00 9th November 2020 (UTC+8), and please pay attention to later announcements about the restoration date for other trading pairs.
Meanwhile, DragonEx is actively seeking for external investment and increasing profitability through other business growth. If the financing process works well and the profitability increases, DragonEx will expand the DWQ issuing for trading and mortgage loans or try other methods to speed up the withdrawal restoration.
Thank you for your support to DragonEx!
8th November 2020