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Earn Program Suspension: Frequently Asked Questions

Company News

In response to the ever-evolving regulatory environment, we're taking proactive steps to suspend the Dacxi Coin Earn program by September 1, 2023. This decision stems from our unwavering commitment to ensuring the ongoing success of the program.

We remain firm believers in the incredible potential of cryptocurrencies. However, our current focus is on fostering an environment of enhanced clarity when it comes to the regulatory framework that governs programs like Earn. We're dedicated to working with industry bodies to lay the foundation for a clear and stable regulatory landscape for cryptocurrencies.

Frequently asked questions:

What Actions Do I Need to Take?
No action is required on your part. We will handle all necessary adjustments.

Why Has the Earn Feature Been Suspended?
The Earn feature has been temporarily suspended due to the current regulatory uncertainties surrounding the concept of clients earning rewards by vaulting their coins. Despite Wealth99's Earn program differing from staking or lending programs commonly offered by exchanges, we believe it is prudent to halt the program until regulatory clarity is achieved.

What Was the Purpose Behind Creating the Earn Feature?
The Earn program was established as a token of appreciation for clients who invested in Dacxi Coins. This initiative aimed to acknowledge their patience, given the postponement of the Dacxi Chain launch due to prevailing market conditions. The launch of a global network of crowdfunding companies hinged on their confidence in crypto technology, particularly tokenization, which was still in development in 2022. Consequently, the launch was rescheduled to mid-2023.

What's the Plan Moving Forward?
Starting from 1 September 2023, the Earn program will no longer accept new deposits or renewals. On the anniversary date of your Earn renewal, the renewal will not occur, and your coins will be returned to your wallet. For example, if your monthly renewal date falls on 15 September 2023, your coins will be seamlessly returned to your wallet on that date.

Is There a Possibility of the Earn Feature Returning?
The potential return of the Earn feature is contingent on regulatory decisions by financial authorities. At present, we do not anticipate its reinstatement in the near future.

We appreciate your ongoing support. If you have any questions, don't hesitate to contact us at hello@wealth99.com.

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