Dear CoinEx users,
Due to the upcoming node maintenance of IOTA, CoinEx is planning to suspend IOTA deposit and withdrawal in a designated period to ensure our users’ assets security. The details are as follows.
Close on: June 28, 2020 (UTC)
Estimated time to reopen: Depends on the maintenance progress.
1. Trading and inter-user transfer of IOTA trading pairs on CoinEx will not be affected during this period.
2. We will keep you updated if there’s any latest information.
IOTA is an open-source distributed ledger protocol that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. The IOTA Tangle is a quantum-proof Directed Acyclic Graph, with no fees on transactions & no fixed limit on how many transactions can be confirmed per second in the network. Instead, throughput grows in conjunction with activity in the network; the more activity, the faster the network. Unlike blockchain architecture, IOTA has no separation between users and validators; rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. IOTA is initially focused on serving as the backbone of the emerging Internet-of-Things (IoT).Thanks for supporting us!
June 29, 2020