The Deepcoin trading platform will launch a fee-free withdrawal feature and hold a "Withdrawal Rewards (POW)" event

2022-11-14 20:43:35

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ChainCatcher message, in the context of turmoil in centralized exchange markets and rising user panic, the crypto derivatives trading platform Deepcoin has further announced that it will launch a withdrawal proof (POW) activity on November 15, following its announcement five days ago to prepare for a Merkle tree proof of reserves.

In addition, a feature for free withdrawals will be launched, with the platform covering the withdrawal transfer fees charged by on-chain miners. Withdrawal fees are one of the significant reasons users keep their assets on centralized exchanges, along with the complexity of using cold wallets. Therefore, waiving withdrawal fees can allow users to transfer their assets out at no cost, further alleviating user concerns.

Deepcoin stated that regardless of the means used to prove it, being able to withdraw at any time is the hard truth, and this move aims to collaboratively build a good trust environment in the industry.

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