The end of support for FuturoCoin!?

Published by Cyber Flows on

We would like to inform you that the Terms of Use is going to change on 30 July, 2020 on BitBay. At this link you can check the new provisions. The provisions of §3 points 6-9 have been removed from the Regulations. They will be replaced by the Cryptocurrency and Token Recover Policy.

Accepting changes to the Terms of Use does not require any additional activity from you.

If you do not agree to the provisions of the Terms of Use, please notify BitBay through writing or by email (support@bitbay.net) to terminate the contract.

Due to the uncertainty of networks and the questionable future of the Futurocoin (FTO) project, we would like to inform you that on 1st March, 2021 support for FTO will be completely terminated. Be sure to check out the FTO delisting schedule below.

Schedule:
29 July 2020 – Blocking FTO.

30 July 2020 – Closing FTO markets. Canceling posted offers.

30 September 2020 – Blocking the possibility of self-withdrawals. Importantly, after this date:

  • Withdrawals will be made once a month after prior contact with our support.
  • Funds in your account in the FTO currency will be deposited into a negative interest deposit account. The negative interest rate is 20% per month. That means that for each month (from October), the number of FTO will be reduced by 20%. For example, if you will ask for withdrawal in October, you will receive 20% less FTO. If you decide to withdraw in November – the amount of FTO will be reduced by 40%.

You can find more details in Cryptocurrency and Token Recover Policy.

1 March 2021 – The end of support for FTO. Withdrawals are no longer possible.

If you have questions, please contact support via the contact form or chat on the website bitbay.net.

Source: bitbay.net


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