Dear CoinEx users:
Issued by ViaBTC mining pool (pool.viabtc.com), VIAT was listed on CoinEx via Accelerator in Oct 2018. Since its launch, ViaBTC has completed two quarterly repurchases as promised. However, the price of VIAT in secondary market was severely impacted by the continued downturn in the crypto market, and VIAT fails to bring enough boost to both ViaBTC pool and its business ecosystem as expected; Also, there’s very small overlap of VIAT holders and ViaBTC miners. After thorough consideration, ViaBTC team has made a formal decision to carry out a full market exit plan of VIAT, terminate VIAT circulation, and entrust CoinEx to complete VIAT exit plan on its trading platform. The arrangements are as follows:
1. At 12:00 May 14, 2019 (UTC), CoinEx will take a snapshot of all users’ VIAT assets. On the basis of snapshot result, CoinEx will exchange all VIAT into CET against the initial Accelerating ratio (I.e. 1:1) and terminate VIAT circulation before burning these tokens; On the other hand, to avoid major fluctuation of CET price, these CET will be locked and released proportionately from the second month after the exit plan is carried out in 5 months (Respectively on the 15th day of June, July, August, September and October; All locked CET are still qualified for privileges such as Accelerator participation etc; The CET for VIAT converting is from CoinEx Team-held circulating amount.);
2. VIAT investors can also choose NOT to exchange their VIAT to CET; Instead, they can convert VIAT into “VIAX” against a 1:1 ratio before 12:00 May 14, 2019 (UTC). “VIAX” is a special proof of privileges and NOT available for trading in secondary market. ViaBTC promises to buy back “VIAX” from users at the avg. CET price at the time of VIAT Acceleration, 0.042 USD so that investors can retrieve their initial investment on fiat terms; What’s more, at the first business day of the end of every quarter, ViaBTC promises to buy back “VIAX” from its holders with no less than 40% of their quarterly profit calculated into BTC.
3. All VIAT investors are free to choose between Plan 1 and 2 in CoinEx Wallet BEFORE 12:00 May 14, 2019 (UTC), and can change their choice BEFORE the execution time; By default, all VIAT will be exchanged into CET against a 1:1 ratio for the investors who fail to select a method by the execution time.
4. ALL VIAT trading pairs will be delisted at the time of this announcement but VIAT deposit service will remain available till 12:00 May 14, 2019 (UTC). After 12:00 May 14, 2019 (UTC), VIAT wallet will no longer be supported on CoinEx.
VIAT repurchase is ONLY available on CoinEx. If your VIAT assets are in other wallets, please deposit these assets to CoinEx BEFORE the execution time.
CoinEx reserves the final explanation of this announcement.
May 7, 2019