[Status update on CEXes] Dear QANplatform Community, Follow | QANplatform Announcements 📣
[Status update on CEXes]
Dear QANplatform Community,
Following MEXC, Gate.io successfully swapped the new QANX Token and distributed it among the holders.
What can you do if you had tokens on MEXC or Gate?
You can store it in your exchange account or withdraw it to a non-exchange wallet.
Do you need to swap manually if you had tokens on CEXes?
No, you already got the new QANX.
Who will get the new QANX on CEXes?
1) Users who held QANX Token in their wallet on October 11, 2022, 8:16:39 AM UTC+ (in the block before the bridge wallet hack).
2) Users who bought QANX Token on decentralized exchanges between October 11, 2022, 8:16:39 AM UTC+ on BSC or October 11, 2022, 8:17:59 AM UTC+ on ETH (bridge wallet hack) and October 11, 2022, 9:06:00 AM UTC+ (second official announcement).
3) Users who bought QANX Token on centralized exchanges between October 11, 2022, 8:16:39 AM UTC+ (bridge wallet hack) and when trading was halted.
How many new QANX Token will you get?
1) If you didn't perform any trades, you will get 100% of the QANX Token you held in your wallet on October 11, 2022, 8:16:39 AM UTC+.
2) If you traded QANX Token on centralized exchanges (like Gate, MEXC, BitMart) between the beginning of the hack (October 11, 2022, 8:16:39 AM UTC+) and the time the exchanges closed trading, you will receive compensation based on your net loss. The compensation, in this case, is 50% plus the 100% of the QANX Token you held on the exchange before the hack.
2.1) Only bought on CEX (between October 11, 2022, 8:16:39 AM UTC+ and trading closed)
For example, if you bought 150 USD worth of QANX Token (between October 11, 2022, 8:16:39 AM UTC+ and trading closed) your net loss is 150 USD. You will be compensated by 50% of your net loss, so you will receive (150/2)= 75 USD worth of QANX tokens on the pre-hack price, which is 0.012 USD. In this case, you would receive 75/0.012= 6250 QANX.
2.2) Bought and sold on CEX (between October 11, 2022, 8:16:39 AM UTC+ and trading closed)
For example, if you bought 150 USD worth of QANX Token during the previously mentioned period and sold for 50 USD before the trading closed on CEX, your net loss is 100 USD. You will be compensated by 50% of your net loss, so you will receive 100/2= 50 USD worth of QANX tokens on the pre-hack price, which is 0.012 USD. In this case, you would receive 50/0.012= 4166.6666666667 QANX.
When will QANX be available to trade on CEXes?
We are waiting for CEXes to relaunch trading.
If you want to learn more about the claiming:
https://claim.qanplatform.com/exchange
If you have further CEX related questions, please contact the MEXC, Gate, or BitMart support teams.
Be aware of scammers! Never share your password!
We never call you, never DM you!
Thank you for your support,
The QAN Team
