Hi everyone,
It has been over a year since we launched CoinUs wallet service.
Firstly, we would like to thank all of you for helping us achieve a stable wallet service and CNUS token growth in the face of many uncertainties and challenges.
Over the past few months, we have strived to add and activate BNUS token to the CoinVerse ecosystem. As we sought out advice from multiple industry experts, including exchanges in and outside of Korea, we came to conclusion that the dual-token structure currently in place could lead to unintended consequences thereby negatively affect value of CNUS tokens.
Accordingly, we have decided to discontinue our BNUS project and focus on a single token economy for CoinVerse services with CNUS token. While the decision was not easy, we view the prospect of attaining stability of CNUS token as the greater importance for our project.
For those of you who had high expectations for services related to BNUS such as planet mining, we apologize for the inconvenience. We would greatly appreciate it if you could join us to view this as a temporary step back to make two or three additional steps in the future.
As a result of the BNUS service discontinuation, we will provide appropriate compensation to those who hold BNUS tokens at the point of settlement.
We will continue to pursue our planet mining service with a small change. We will assign the hash power to CNUS instead of BNUS. We planned to launch the planet mining service in June, but we now require a modification period to effect the proposed single-token policy.
In addition to CNUS, CoinUs is preparing a variety of services to improve the original function of its wallet. Based on our business strategy for the second half of the year, we will unveil a revised roadmap, and our team will do our best to meet the schedule.
We apologize for the abrupt announcement. We remain committed to CoinUs project and assure you that we will do our best to meet your expectations and to achieve the goal as quickly as possible.
[Guide followed by BNUS Service Interruption]
1. BNUS Market Unavailable
Due to the discontinuation of BNUS market service, buying/selling transaction will no longer be possible.
2. Temporary Suspension of CoinVerse and BNUS Compensation Policy - (Schedule: TBA)
We plan to compensate BNUS token holders with CNUS tokens, and the amount will be as follows.
[CNUS tokens used to purchase BNUS tokens + Depending on your holding period of BNUS tokens, we will provide additional 1-10% CNUS tokens you used to acquire BNUS tokens]
*If you already sold portion of BNUS tokens, we will exclude such portions when determining your BNUS token holdings.
| 1-10 Days | 11-20 Days | 21-30 Days | 31-40 Days | 41-50 Days |
| 1% | 2% | 3% | 4% | 5% |
| 51-60 Days | 61-70 Days | 71-80 Days | 81-90 Days | 91-100 Days |
| 6% | 7% | 8% | 9% | 10% |
*Our CEO will use personal token holdings to make the additional payment.
*We will use the first date of BNUS token purchase when determining compensatory percentage figures.
*When we close down BNUS market, we will make CNUS token exchange and additional payment.
3. Planet Mining Service Schedule - (Schedule: TBA)
4. CoinUs Roadmap for the second half of 2019 - (Schedule: TBA)
5. Meetup - (Schedule: TBA)
For any inquiries, please email help@coinus.io
Best Regards,
CoinUs team