The Malta-based cryptocurrency exchange OKEx has issued a blog post on the 24th of November in which it has announced to roll out a compensation and reward program for users right after the resumption of the exchange’s withdrawals service. The reopening of withdrawals is scheduled to occur on the 27th of November.
OKEx to give users up to $1,000 in rewards
As per the compensation program, the company will be rewarding users with up to $1,000 in rewards. A reward ranging from $100 to $1,000 will be given to those users who had an amount of $10,000 worth of assets held on the exchange’s platform. The exchange said that the reward will be given to users on the basis of their trading volume during the period of the suspension of withdrawals.
Stay tuned! pic.twitter.com/oJb9NSVvvt
— OKEx (@OKEx) November 24, 2020
While making the announcement of this reward program, the cryptocurrency exchange said that it is launching this program in a bid to express its gratitude to its community and want to thank those users who showed their loyalty during the exchange’s difficult time.
While commenting on this reward program, the Chief Executive Officer (CEO) of the OKEx exchange Jay Hao said:
“We know that we are nothing without users and we want to demonstrate this by offering them significant rewards and incentives to ensure that OKEx remains their platform of choice,”
In the announcement post, the exchange has said that it will be launching the reward program for users as soon as the withdrawal service is reopened. This compensation program is basically being launched for those users who did not leave the exchange and continued trading on its platform in its difficult time when the company halted the service of withdrawals for them.
OKEx withdrawal service remained suspended for over a month
The withdrawal service of the OKEx exchange has remained suspended for the duration of more than one month. The company halted withdrawals for users back in the month of October saying that one of its private key holders was missing. The private key holder was the founder of OKEx Star Xu who was taken into custody by the Chinese Police.
However, Six days ago, the cryptocurrency exchange announced that it will reopen the service of withdrawals on or before November 27.
A Complete Overview of Cryptocurrency Cloud Mining Platform – TopHash
9 Out of Every 10 Central Banks Around the World are Exploring CBDCs, Ripple Reports
XRP Is On Its Way to a Strong Comeback as Coin’s Rising Trading Volume Shows Growing Investor Interest
Research Uncovers Why XRP Is Japan’s Most Favored Cryptocurrency
XRP Falls to $0.47, as the SEC Strikes Back at Ripple
Recent Press Release
CGMD Miner’s Low-Cost Coin Mining : Spend Less, Earn More!
As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. As a result, many...
Will Arbitrum Reach $1? ARB Struggles, SPCT Offers Better Prospects
As the crypto market recovers from Bitcoin’s (BTC) recent crash, Arbitrum (ARB) is enhancing its network capabilities to improve its...
Cardano (ADA) Lags, Analysts Predict VC Spectra (SPCT) Will Outpace it
Cardano’s (ADA) price has suffered despite the launch of Cardano’s Project Catalyst Testnet on August 25. Even when the news...
SUI and Hedera (HBAR) Slump Ahead of Token Unlocks, VC Spectra (SPCT) Gains Users
Token unlocks in crypto are typically bearish signs due to basic supply and demand. Analysts will keenly observe how Sui...
While Polkadot (DOT) Pauses, VC Spectra (SPCT) Offers a 220% Potential Upside!
VC Spectra (SPCT), a rising blockchain for investments and asset management, has grown considerably in its ongoing presale. Meanwhile, Polkadot...