Dear CoinEx users,
Due to the network upgrade of SYS, CoinEx is planning to suspend SYS, deposit and withdrawal in a designated period to ensure our users’ assets security. The details are as follows.
SYS Deposit & Withdrawal:
Close on: December 6, 2020 (UTC)
Estimated time to reopen: Depends on the update progress.
Notes:
1. Trading and inter-user transfer of SYS trading pairs on CoinEx will not be affected during this period.
2. We will keep you updated if there’s any latest information.
About SYS
With the introduction of Syscoin 4 Platform, Syscoin is presented as a decentralized scalable blockchain for enterprise, a development platform, and an asset platform offering high throughput, scalability, and fast, easy token creation. The platform also offers low fees, and provides a unique form of cross-chain asset interoperability capable of interconnecting platforms without requiring intermediaries nor counterparties. Its interoperability is presently focused primarily on Ethereum, enabling ERC20s to utilize the microtransaction capabilities of Syscoin Platform which provides VISA-like transfers via Syscoin's Z-DAG (patent-pending), while granting Syscoin Platform Tokens (SPTs) access to Ethereum's smart contract functionality. Syscoin also features the security of Bitcoin merge mining which provides a high degree of double spend protection relative to other blockchains. Syscoin Platform is an open source third generation decentralized blockchain and cryptocurrency which dates from its initial design in 2013, to its latest major release in June of 2019. Its purpose is to provide enterprises and organizations an ideal platform to benefit from blockchain and distributed ledger technology; specifically high security and availability, lower costs, low barrier to entry, as well as scalability and interoperability.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
December 7, 2020
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Announcement on SYS Deposit & Withdrawal Suspension
