AEX Exchange: Controlled Assets Can’t Be Released Quickly; A “Soft Redemption” Method Will Be Used
Currently, the AEX Exchange has announced that the controlled assets cannot be released in the short term, and a “soft redemption” strategy will be adopted instead.
The cryptocurrency exchange AEX revealed that it has been under investigation by regulators since July of this year and has banned currency withdrawals.
Some executives on the platform have been subjected to mandatory measures. The restrictions may not be abolished in the near future.
AEX announced a “soft redemption” approach that includes repurchasing AUSD from the AUSD/USDT trading pair every Monday to ensure that AUSD is deflationary, adding USDT to the pool every Wednesday to create liquidity, and buying USDT from uniswap every Friday. Repurchase AUSD in the trading pair AUSD-USDT.
It is anticipated that the “Platform Situation Description and Solution 2” will be published in the not-too-distant future in order to expand the selection available to customers and improve the effectiveness of payments.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
Author
News
AEX Exchange: Controlled Assets Can’t Be Released Quickly; A “Soft Redemption” Method Will Be Used
Currently, the AEX Exchange has announced that the controlled assets cannot be released in the short term, and a “soft redemption” strategy will be adopted instead.
The cryptocurrency exchange AEX revealed that it has been under investigation by regulators since July of this year and has banned currency withdrawals.
Some executives on the platform have been subjected to mandatory measures. The restrictions may not be abolished in the near future.
AEX announced a “soft redemption” approach that includes repurchasing AUSD from the AUSD/USDT trading pair every Monday to ensure that AUSD is deflationary, adding USDT to the pool every Wednesday to create liquidity, and buying USDT from uniswap every Friday. Repurchase AUSD in the trading pair AUSD-USDT.
It is anticipated that the “Platform Situation Description and Solution 2” will be published in the not-too-distant future in order to expand the selection available to customers and improve the effectiveness of payments.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
Other Posts
Related Posts
Latest
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
Press Release
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot
