JPEX Aid Fund Phase II for Crypto Traders Affected by the Halting of Deposits and Withdrawals on Other Exchanges

Dear JPEX Users,

Since the collapse of the FTX platform, JPEX has received a large number of applications for our “AID FUND”. Due to this, the personnel in charge of overseeing the distribution of the FUND have been speeding the review process so that affected FTX Token (FTT) holders can recoup some of the worth of their lost tokens. The demand has made JPEX aware that the FTX project was one of the biggest in the industry and has caused substantial damage to millions of crypto traders and investors across the globe. The freezing of FTX’s assets by the Bahamas and the suspension of its financial services license by the Australian Securities and Investment Commission (ASIC) has led to the halting of deposits and withdrawals by many cryptocurrency exchanges including FTX.com.

After doing a thorough review and engaging with stakeholders in internal discussions, we concluded that an additional JPEX Aid Fund will need to be launched to help meet the demands of cryptocurrency traders worldwide. This is why JPEX is calling all manner of traders to take advantage of our new aid fund pool and get back to investing in digital assets.

Additional JPEX Aid Fund Pool

Amount: 500,000 USDT (It is equivalent to $500,000). This will be allocated by the JPEX Foundation.

Purpose: To all users affected by any platform (exchanges except the FTX platform).

Requirements: Users must be able to prove that they have at least 5,000 USDT ($5,000) worth of assets. Deposits and withdrawals may be halted but balance and transaction history are always accessible to users of exchanges even in hard times. To put it simply, JPEX wants applicants for the new fund to show the worth of assets trapped on a particular platform (exchange).

Affected crypto traders can apply by following the steps below.

How to Apply

Complete this form (Click HERE) by answering the relevant questions being asked by JPEX.

JPEX will like to alert applicants of a 500 USDT ($500) maximum limit for those whose applications will be successful. The money will be sent to the JPEX wallet of the winners of the fund in three stages.

Step 1: Selected applications will have to register for an account with JPEX and complete the procedures of Know Your Customer (KYC) to help activate their account. After confirmation, 100 USDT ($100) aid will be sent to their spot wallet within 12 hours.

Step 2: After receiving the first funds of $100, successful applicants are required to take screenshots of the transaction, and share them on social media platforms Facebook. Instagram, and Twitter. Aside from these, the authenticity of the fund will be proven if the successful applicant shares the screenshot on JPEX’s Discord Channel. Since JPEX wants to expand, we require the applicant to take a selfie with 100 USDT received also tag three friends and (@diegodtk09) in Instagram. Once done, successful applicants will have to show proof of their social media activities to the JPEX Customer Service Team. After confirmation from the team, an additional 200 USDT ($200) will be sent to the applicant’s spot wallet.

Step 3: After completing steps 1 and 2, the operation team on our platform will do a thorough review of the information provided, and issue the remaining 200 USDT ($200) to the user’s platform spot wallet within 14 working days.

JPEX understands the crypto market is still young and needs time to mature and be accepted in the mainstream. This explains why FTX has followed other firms into bankruptcy.

To allay the fears of customers, JPEX released its Proof of Reserve or Proof of Funds on Sunday, 13th November to provide transparency and reinforce our users’ confidence. This has proven our stability to our stakeholders.

While FTX Token (FTT) was supported by more than 30 exchanges, many platforms have neglected their customers’ losses after the project collapsed. JPEX believes that the JPEX Aid Fund Phase II can help customers who suffered relatively higher losses on other exchanges (platforms) receive a small token in 500 USDT which can help them resume their crypto trading activities.

Due to the potential of blockchain technology and cryptocurrencies, JPEX will continue to work hard to develop several crypto products that will help our users maximize their potential profit in the crypto market.

As always, JPEX stands by to support our users during both bull and bear markets.

Thanks for your support!

JPEX Team

2022-11-17

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