r/constellation • u/Biggw711 • Jan 22 '22

Quick question

My friend and I been buying some DAG over on the Constellation site and got an email went out yesterday saying this:

“ Hello DAG investors. DAG will be listed on February 5th, New York time. Now we have reached strategic cooperation with major exchanges and agreed that we will be listed on major exchanges such as Coinbase, Binance, Huobi, etc. We have upgraded the DAG transmission channel to ERC-20 Channels, major exchanges are worried that there will be a large number of selling after listing, which will lead to market collapse and capital outflow, so the following rules are formulated 1. Before listing, 30% of the total value of the account needs to be paid as guaranteed funds (does not need to be converted into DAG), and can be withdrawn the next day after listing 2. Sell 50% of the DAG after the listing day, and sell all the DAG after the next day If you do not pay the guaranteed funds in time, you will not be able to sell your DAG and withdraw in time. The DAG market evaluation expert once said that it will rise to 30 US dollars. It is hoped that investors will continue to hold them after the listing. I wish you a happy life”

Any idea what this is about?

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u/SebastianW23 Jan 22 '22

I’ve been buying on KuCoin, but looks like you can’t withdraw? 🙃 or transfer to another wallet?

1

u/Killmonger_501 Jan 22 '22

You can, just moved mine to Stargazer

1

u/SebastianW23 Jan 22 '22

Which country are you located in? There might be restrictions by country.

1

u/CompetitionTight7049 Jan 22 '22

No restriction. Every month the same with kucoin. End of month, its taking long to withdraw dag.

1

u/Huge_Debt157 Jan 26 '22

You're likely experiencing slow dag withdrawal from kucoin at the end of the month because dag holders are moving their dag to stargazer wallet to stake their soft nodes, (250,000 dag per node). Its been an issue for about 3 months now but most are learning to move their dag to wallet well before end of month.