Dear CBX users,
In order to cooperate with the development of cryptocurrency strategy in China, CBX platform and Gojoy will make four compliance adjustments to JOY and JUSD after review:
- From now on, JUSD will no longer be used as a stable coin. Shopping on Gojoy Mall with JUSD is not supported anymore. All JUSD will be automatically converted to JOY on December 15th 2019, and JUSD will be destroyed.
- JOY no longer enjoys hourly rewards. From now on, it is only used as a utility coin to deduct the platform fee of vendors and resellers.
- JOY no longer has any channels for external sales. The only way to obtain it is when you purchase something on Gojoy Mall (for free, a percentage of your purchase value). Vendors and authorised resellers use JOY to deduct platform and withdrawals fees (gas fee).
- JUSD on CBX can be returned to the Member Center before December 15th, and converted to Joy Coins on December 15th
We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.