Hi, Dear community members:
The BTC cold wallet deployment with multiple-signature was completed on August 16. Also the relevant safety operation specifications training and exercises with signature holders have been completed. The exchange platform BTC-related wallet address and basic rules for transfer are now announced.
After fully considering the current amount of platform funds and the convenience of users, combined with the current operating data, the following basic transfer rules are formulated:
1. When the user's BTC hot wallet assets are greater than 30 BTC, 15 BTC will be reserved, and the rest will be transferred to the user's BTC multi-signature cold wallet.
2. When the user's BTC hot wallet assets are less than 10 BTC, the assets will be transferred from the BTC multi-signature cold wallet to the user's BTC hot wallet to make up 20 BTC.
3. When the user's withdrawal demand exceeds the hot wallet limit, the platform will provide the relevant user chain deposit and withdrawal records and related data to the multi-signature holders for confirmation and transfer needed.
4. In the future, as the amount of users' funds changes and users' withdrawal demand changes, the transfer value will be adjusted reasonably and to make an announcement to the community.
For more detailed introduction of multi-signature and asset data, please see <Wallet Community Multi-signature Co-management Page>
August 18, 2020