Important: End of Service Announcement for Gain Grid
Dear Gain Grid Users,
Today, we must share a significant and challenging update. After detailed market analysis and considering the extreme volatility we've faced, we are saddened to announce that Gain Grid will be discontinued effective April 29, 2024. This decision weighs heavily on us, and we are keenly aware of its impact on you, our valued users.
Why is Gain Grid Ending?
The cryptocurrency markets have been unpredictably volatile, posing severe challenges to maintaining profitable operations. Despite rigorous efforts to adapt and mitigate these effects, we find ourselves in a position where continuing the service is no longer sustainable without incurring further losses. As highlighted in our terms and conditions (attachment), investment risks can lead to capital loss, and terms may be subject to changes reflecting market realities. We are now at a juncture where we must invoke these terms due to ongoing losses, and we humbly ask for your understanding and cooperation during this difficult time.
What This Means for Your Investments
In keeping with our commitment to fairness and transparency, we will process refunds for users with a net negative balance (total unstaked + total harvested - total staked). We regret that we cannot extend refunds on any accrued profits due to our current financial constraints. For those eligible for refunds, we will provide additional compensation for the delayed processing times, the specifics of which will be shared in a dedicated group created for this purpose.
Next Steps for You
Please connect your wallet to review your investment history on the Gain Grid (
position.exchange/gain-grid). If you are eligible for a refund, you will receive an invitation to join the dedicated chat group where we will outline the refund process and address any concerns.
We understand the disappointment this decision may bring, and we are committed to assisting you every step of the way. For further information or assistance, please do not hesitate to reach out.
Thank you for your understanding and for sharing in our challenges during these times.
Summary of Total Investments:
All-time Staked: $3,038,637.16
All-time Unstaked: $2,126,547.31
All-time Rewards Harvested: $558,048.79
60% of users achieved positive returns.
For transparency and verification, all data related to transactions is available on-chain, which you can explore using the sheet provided below.
https://docs.google.com/spreadsheets/d/1LrLlQSeES65OlF4bQbqbQq4owlUp25874sI9RiSOSas/edit?usp=sharing
Please note: Should there be any technical discrepancies or mistakes, our team will reassess the status of affected members or make necessary adjustments to the refund amounts.
Show more ...