The pool of JPEX Aid Fund 20221114

To JPEX users and partners,

The collapse of FTX has affected the entire ecosystem of the crypto industry. Among the users of the JPEX platform, some users’ assets are on the FTX platform and these users suffered great losses in this incident. It has come to our notice that most of our users were FTX Token (FTT) holders. Due to the massive plunge in the FTT’s price, many users who are holders of the token have suffered great losses. 

As soon as reports of FTX liquidity problems began circulating online, JPEX immediately formulated a plan to help stakeholders of FTX deal with the aftermath difficulties of the firm’s collapse. 

In response, JPEX plans on setting up the JPEX Aid Fund. This fund will be targeting agents, partners, and promotion ambassadors.  

The pool of JPEX Aid Fund

Amount: 2,000,000 USDT (2 million USDT). This will be allocated by the JPEX Foundation.

Purpose: To partners affected by the FTX incident. 

Requirements: Users must have at least 25,000 USDT worth of assets trapped in the FTX ecosystem. 

How to apply: You need to submit proof of personal assets on the FTX platform, and then organize the relevant information and send it to us by email ([email protected]).

Amount of assistance: the maximum limit is 5000 USDT (this will be distributed to the user’s JPEX wallet in three installments).

JPEX understands the crypto market is still young and needs time to mature and that explains why FTX has followed other firms into bankruptcy. This is the reason why JPEX released its Proof of Reserve or Proof of Funds on Sunday, 13th November to allay the fears of our customers. This has proven our stability to our stakeholders. While FTX Token (FTT) was supported by more than 30 exchanges, many have turned a blind eye to the effects the token’s collapse has had on the fortunes of their customers. JPEX believes the Aid Fund Pool will go a long way to assist users who have lost their hard-earned money in the FTX project since they form a strong part of the exchange’s survival.

Therefore, we will continue to work hard to develop several crypto products that will help our users maximize potential earnings from the crypto market thanks to the growth of blockchain technology and cryptocurrencies. 

As always, JPEX is here to support our users in bullish days and bearish seasons. 

Best,

JPEX Management Team

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