Fellow CoinTiger user,
CoinTiger has attained and organized users' transaction data since DDX's (DietBitcoin) launch. ConTiger decided to compensate users, who purchased DDX at CoinTiger exchange and suffered asset losses as follows.
Range of Compensation:
All users who have traded DDX on CoinTiger, excluding users who only deposit DDX.
1. CoinTiger will calculate all trades transacted from 16:00 on March 22 to 10:00 on March 24, 2019 (UTC+8).
2. Compensation Amount = Total DDX amount bought(BTC)- Total DDX amount sold(BTC).
1) The user bought 1,000,000 DDX (paying 0.1 BTC) at price of 0.00000010 BTC, then sold it all at 0.00000005 BTC ( 0.05 BTC obtained), and lost 0.05 BTC.
The compensation amount is 0.00000010*1,000,000-0.00000005*1,000,000=0.05BTC2) The user bought 1,000,000 DDX (paying 0.1 BTC) at the price of 0.00000010 BTC, then sold 500,000 DDX at 0.00000005 BTC(0.025 BTC obtained), and lost 0.075 BTC.
The compensation amount is 0.00000010*1,000,000-0.00000005*500,000=0.075BTC.
The user must transfer the left 500,000 DDX to the required address within the required time to receive compensation.
3) The user bought 1,000,000 DDX (paying 0.1 BTC) at 0.00000010 BTC, and did not sell out which lost 0.1 BTC.The compensation amount will be 0.00000010*1,000,000=0.1 BTC. The user must transfer 1,000,000 DDX to the required address within the required time to receive compensation.
In short, CoinTiger will compensate 100% for the loss of assets suffered by users due to the purchase of DDX.
Please apply by filling out the compensation form: DDX (DietBitcoin) project compensation form.
CoinTiger will review the forms submitted by users and the compensation will be issued to users' BTC wallet address within two working days upon approval of the application form.
Due to the large number of data statistics and confirmations involved in the compensation work, we will complete all compensation by 23:59 on April 12, 2019(UTC+8). If you do not fill out the compensation form before the deadline, you will be deemed to have waived the compensation and no processing after the deadline.
In the future, CoinTiger will continue to improve on analyzing projects, information collection, and verification, project token monitoring, etc. We will provide better asset selection for users with more rigorous review and responsible attitude to minimize the investment risk of users.
CoinTiger thank you for the support.
Telegram (English): https://t.me/Cointiger_en