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Dear Community, we wish to address the recent developments regarding Binance’s requests for us to manually swap for Drep ERC20 tokens.
We've accomplished the following:
1. Assistance with Withdrawals: In response to Binance’s requests, we facilitated the swapping and transfer of ERC20 Drep tokens to Binance. To date, we have successfully swapped and sent a total of 23 million ERC20 tokens to Binance, in three separate transactions (4 million + 4 million + 15 million). We will not provide future support in terms of manual swap. Users are advised to use the crossing.network bridge for swaps to ERC-20 Drep tokens.
2. Assistance with Swapping: To assist users with swapping to ERC-20 Drep tokens using the crossing.network bridge, we have implemented a token locking mechanism. Over 35 million tokens have been securely locked at crossing.network, ensuring a seamless swap process from Binance Smart Chain (BSC) to Ethereum (ETH).
3. Token Burning Initiative: As part of our ongoing efforts to optimize token circulation and ensure the integrity of our ecosystem, we've executed a token burning initiative. A total of 50 million tokens have been burned on the BSC, while an additional 20 million tokens have been securely burnt on the Ethereum network.
These actions underscore our unwavering commitment to our community's welfare and satisfaction. As we continue to navigate and evolve in the ever-changing landscape of cryptocurrency, please rest assured that your concerns remain our top priority.
Thank you for your continued support, trust, and understanding.
DREP Team
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