Coin Exchange Deployment Update — 3/9

  1. Staking requires two transactions on the blockchain to completely execute (both incur gas fees):
    - 1st: Transaction to approve the staking contract access to your wallet
    - 2nd: Transaction to send your $COIN to the smart contract to begin staking
  2. Funds are only staked when the color of the icon and amount are yellow.
  3. Coin Wallet currently has zero fees; however, will incur normal network fees for each blockchain. This includes failed (if sent to the smart contract) and successful staking requests. Current fees on $ETH can be anywhere between $2 — $100 USD depending on gas, token type, quantity, etc.
  4. Your $COIN tokens are safely returned back to your wallet from the smart contract once you have elected to end staking in your transaction record for your request (in your transaction history).
  5. Staking requests are executed on-chain and execute at the speed of the Ethereum blockchain. This means transactions may take a few minutes based upon network conditions including congestion, etc.
  6. Unlike exchange requests, you do not have to be online after submitting your staking request for it to execute.

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