Dear GokuMarket users,
The recent challenges have been associated with the ongoing compliance review. In order to resume the deposit & withdrawal operations we have taken the below list of actions.
EUR Banking: The investigation by our banking partner, Nexpay/Euro-to-crypto provider Globitex, is currently progressing well and we anticipate that in the coming days we will open for deposits and withdrawals in line with the limitations set by the banking partner, while we continue to make the required updates communicated in the remediation plan received.
Wallet operations: During the past weeks we had challenges with processing withdrawals due to the ongoing compliance audit. As a result of the audit, a few users associated with violation of terms & conditions have been identified and separated, pending further investigation. This will allow us to resume the deposit & withdrawal operations for both crypto & Euro with temporary limitations. Additionally, GokuMarket is working on integration with Binance that would enable all crypto transactions between GokuMarket & Binance free of fees.
Affiliate Program: As part of the continuous effort to remain compliant and licensed, GokuMarket is making updates to the pre-existing Affiliate Program: (1) rewards will be credited real-time in the main wallet, (2) only direct and unilevel rewards will remain, (3) total direct rewards offered will be up to 10%, (4) a special Partner Program is available for qualified influencers and marketers.
GMC Unlock Program: The 100x GMC Unlock Program was designed in order to promote the trading and increase the GMC supply for use in up-and-coming new utilities and partner platforms. Unfortunately, it has come to our attention that some users may have intentionally or unintentionally traded in a way that can be considered wash trading, which is strictly prohibited and we will be reviewing and correcting such cases accordingly. Additionally, the unlocked GMCs were then dumped, causing damage to the GokuMarket Credit price, which is driven by the GokuMarket Community and GokuMarket growth. To prevent this going forward, a higher threshold of GMC unlock to trade volume ratio is configured and overtime this will be reviewed & adjusted accordingly. Temporarily, we will also protect the GMC HODLers by having added a limit on sell + transfer of GMC on GokuMarket, these limits will be revised overtime as the community grows positively.
GokuMarket Credit (GMC): As we now look ahead, we have much to look forward to together with the growth of GokuMarket Credit: (1) Metaverse pre-launch product with up to 200% Returns can only be purchased with GMC, (2) GMC is now used for the LaunchPool Voting where projects apply to list on our top ranked exchange for free, using airdrop rewards, (3) GMC will be used to vote on which coins & tokens that will be integrated in the GokuMarket Wallet, such as Cardano (ADA), Polkadot (DOT), Solana (SOL), Decentraland (MANA), and Terra (LUNA), (4) GMC will open as a primary trading market on the GokuMarket Exchange, which means that many more trading pairs will be added over time, (5) NFT Marketplace launch with GMC as a utility, (6) Metaverse Play-to-Earn Games with GMC as a utility, (7) GokuMarket Guild is a Play-to-Earn Games marketplace where users can do yield farming with GMC pairs, (8) users will auto-convert their rewards to main wallet transfers using GMC, (9) Crypterium Crypto Card with GMC, (10) GMC will continue to list on top exchanges, (11) temporarily we will further limit the sell + transfer of GMC on GokuMarket to weaken dumping efforts & stabilize the market price with the community support.
LaunchPad: We are off to a great start with 3+ successful LaunchPool projects voted in for joining the GokuMarket ecosystem by the community voting with 400,000 GMC allocated to burn from community voting! In the coming months we have countless more LaunchPool projects in the pipeline.
With most of the above amendments focused on compliance and regulatory requirements, we firmly believe that we will be in an excellent position to continue to deliver attractive products, services, and opportunities to buy, sell, earn and shop with cryptocurrencies.
We thank you in advance for your support, cooperation and understanding.
Follow us on:
Telegram Airdrops: https://t.me/gokumarket_official_airdrops
LINE (Thai): http://bit.ly/JoinLINEChat
YouTube (EN): https://www.youtube.com/gokumarket
YouTube (ES): https://www.youtube.com/gokumarketEspañol
GokuMarket reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously and be aware of the investment risk. GokuMarket will make best efforts to approve high-quality coin and token projects, but will not be responsible for your investment losses.