Dear Toobit Users,
We wish to inform you about an important update concerning FREEPS (FRP). Effective immediately, we have suspended the trading, deposit, and withdrawal functionalities for FREEPS (FRP) on our platform.
Key Details:
- Asset: FREEPS (FRP)
- Contract Address: 0x0071fa0acd610988ebbeeb065754f33dd1262e61
- Effective Date: March 18th, 2024
This action comes in response to the recent changes implemented by the FREEPS project team, where the tax rate has been adjusted to 100%. Such a significant change impacts the feasibility of transactions with FRP on our exchange, as users who transact are now subjected to a 100% tax, effectively rendering the asset non-transferrable under normal conditions.
- https://bscscan.com/tx/0x87d74462dab9bf6fdac2a88951e45afdc97f803d1ac662544eb9559e5b4e5328
- https://bscscan.com/tx/0x2ac0382bccd862a9599434015201eaf15d90761c78e2d110e15e8d8db9eaa85c
Implications for Users:
All trading, deposit, and withdrawal functions for FRP are temporarily halted to protect our community and ensure compliance with the asset's new framework.
Users will not be able to conduct any transactions with FRP on Toobit until further notice.
We strongly advise all users to remain updated through our official channels for any forthcoming information regarding the status of FRP on our platform.
We understand the inconvenience this may cause and are closely monitoring the situation. Our priority is to ensure the safety of our users' assets and to comply with the evolving standards set forth by the digital assets we support.
Next Steps:
We are in communication with the FREEPS project team and are evaluating the best course of action. We will provide additional updates as soon as we have more information and will inform you about the resumption of services for FRP or any further necessary actions.
Toobit
2024.3.18
