Dear ViteX users,
There was an unexpected issue (https://vgate.zendesk.com/hc/en-us/articles/1500004369461-Suspension-of-Trading-Deposit-and-Withdrawal-of-EPIC) that happened to the EPIC network, which forced the community to decide to roll back the EPIC network to block height 861141.
Detail of Rollback
Who holds EPIC before 861141
After the rollback, EPIC-001 will be NOT available anymore and a new token, EPIC-002, will be minted.
EPIC-002 will be distributed as per the snapshot of rollback time. The amount ratio is 1:1. For instance, Alice has 100 EPIC-001 before the rollback time and she will get 100 EPIC-002.
Who bought EPIC after 861141
The Epicenter DAO has decided to socialize this loss and issue EIOU (“Epicenter IOU”) tokens to make whole affected Vitex exchange purchasers. Buyers could submit here (https://docs.google.com/forms/d/e/1FAIpQLSeXHMTy-wn4D5mSMCcyfWcWiTqFWYJ5r9shGSyiccP8cMHgbA/viewform) to claim.
The deadline for claim submission is June 1st, 2021. The number of EIOU tokens given will be determined by the USD value of the transaction at the time it was made. It does not bear any relation to the quantity of epic involved in the unwound transaction. In short, if you lost $1, you will get $1 back after the launch of EIOU. The DAO will set aside a portion of cash flows from fees and redeem IOUs on a daily basis. It is expected that this process will take less than 90 days.EIOU, as a standard BEP20 asset running on Binance Smart Chain, will also be tradable soon after issuance on DEX platforms such as BakerySwap and PancakeSwap.
Trading, Deposit and Withdrawal
Trading of EPIC-002/BTC-000 will begin at HKT 15:00 April 29, 2021.
Deposit and withdrawal of EPIC will be restored after a thorough testing process for these procedures.
April 17, 2021