There have been several questions on wETHO at Kucoin. Maybe some clarifications.
09 Mar 2022, 12:37
There have been several questions on wETHO at Kucoin. Maybe some clarifications.
- With the hard fork we have a unwrapped ETHO account of 29M ETHO - this covers all wrapped ETHO created
- So all wETHO at Kucoin are covered by main net ETHO, which means whatever happens You are covered as we have a 1:1 ratio of ETHO in the unwrapped ETHO account
- As @HashRatez [Etho/BPSAA] also mentioned we are in negotiations with Kucoin on potential options.
- This means: Your funds are safe and You can safely trade.
We are also doing great progress on the node dashboard with node payments and enter a test phase which hopefully will be finished by this weekend. It will simplify the node deployment significantly. More to come on the weekend.