Opacity Beta Release Participation Giveaway
In our March update, we shared an important public service announcement regarding tokens stored on Kucoin. Since that time, the quantity held has continued to increase. While there is nothing wrong with Kucoin, in order to help decentralize holdings, Opacity is offering Beta participation to the community as an incentive for a reduction in tokens held on the exchange.
We will offer Beta participation for up to 25 participants. For each 1% reduction in tokens stored on Kucoin, there will be 1 random community giveaway, up to a maximum of 25. Our limited invite-only beta pre-release was recently announced in our mid-April update.
This incentive runs for 2 weeks, starting immediately and ending on May 1, 2019 12:00PM EDT.
We will announce the recipients in our Telegram channel prior to beta official announcement. Final numbers depend on the target reached and may result in less than the full 25 participants offered.
Below is a chart for clarification of the target amounts and a reprint of the PSA for reference.
PSA: Decentralize your OPQ tokens from Kucoin
ATTENTION: 37% of total OPQ supply is held on Kucoin (top 2 holders).
This is a significant risk to you! Any assets not in your direct control are at risk of total loss. This has happened numerous times across many exchanges — it’s not theoretical, it’s very real. Only keep assets on an exchange while actively trading.
Why is this important?
- It is dangerous for you: You are at risk of a total loss of funds in case of an exchange breach. This recently occurred at Cryptopia, but luckily did not affect Opacity at the time.
- It is dangerous for Opacity: If there is a major breach that impacts our holders, it will reflect on the project, regardless if it’s our fault or not.
What can I do?
- Use a hardware device such as a Ledger for long term storage.
The ledger is a hardware based wallet device that stores your crypto coins and tokens and protects your private key. Only you should have access to the device and it doesn’t expose your private key when connecting to other services. - Add COSS.io exchange for active trading.
Our secondary exchange is COSS.io. While it has had limited OPQ volume, they have been great supporters of Opacity since the beginning. They have been investing in improving their platform and we encourage our community to give them a serious look. - Use any other personal ETH wallet.
OPQ is an ERC20 token and compatible with any ETH wallet. You will own your private keys and not be susceptible to exchange hacks and issues.
Whatever you do, always follow best practices in safeguarding your assets!
Visit Kucoin today and take action.
