We would like to report that there was a problem with the Automatic Mining system on XEX Day 1.
We apologize for the fact that among the 20 million KOIN, about half of that where 10 million was able to be inadvertently mined by users.
[Reason why this problem occurred]
As a result of the investigation, immediately after Day 1 Pre-Mining started, some user accounts mined at irregular speeds far exceeding the normal mining speed.
This bug was immediately recognized and has been fixed by the team.
We have communicated with users who have acquired these KOIN and have told them they cannot participate in XEX Day 2. This has been properly assessed so they will not be able to participate systematically.
In addition, this defect affected the initial display of the amount of KOIN immediately after the start of mining.
【Koindex's response policy to the event】
・As an apology to users who participated yesterday, 20% of the exchange revenue that was planned to be acquired by Koindex management from Day 1 of Pre-Mining will be distributed to general users who participated in XEX Day 1. This revenue share will be proportionally allocated to users.
*This excludes those who were able to mine an irregular amount.
*Rewards will be redistributed within the week.
・About 10 million of the KOIN supply which was the initial difference originally planned for mining will be added to XEX Day 2.
XEX Day 2 Mining Supply Increase
20,000,000 KOIN → 30,000,000 KOIN (10,000,000 Increase)
We hope this offering will allow for users to mine more.
We sincerely apologize for the users who participated on Day 1. We will do our best to prevent this from happening in the future.