Hello, this is DAYBIT team.

We are informing the delay of the DAY Token listing and the enhancement of ID verification.

 

DAYBIT has offered an opening event, HAPPY BIRTH DAYBIT, to reward new users of DAYBIT by paying 500 DAY to who trade over $1,000 within a day for the past week. In the meantime, we found out that some users has intentionally created dozens of accounts by using the service of virtual phone number generator to fraudulently participate in the event.


This is the situation that the majority of normal users can not only have potential loss against the abusing cases, but also feel the sense of deprivation. At the same time, it is also against the value of DAYBIT, pursuing a sound crypto trading environment.

 

The problem, status, and solutions of DAYBIT are as follows.

 

[Problem]

There are malicious cases in which some users are joined to DAYBIT with virtual mobile phone numbers by abusing current ID authentication process to acquire DAY paid through the opening event.

 


[Scale]

It has been confirmed that the portion of abusing amount is approximately 0.1% of total volume and 14% of the circulation.

 


[Solution]

1. HAPPY BIRTH DAYBIT will be terminated at 20:30 pm today.

2. The listing schedule of DAY token is inevitably postpone from October 18, 2018, 9:00 am [UTC +9] to October 20, 2018, 14:00 pm [UTC +9] to proceed DAY recollection.

3. We will build a one-time ID verification procedure to identify normal traders, which is separate from KYC (an original three-step verification). The process will be announced continuously. We will inform you again once the establishment of procedure is done.

4. The DAY paid through the event will be collected back before the listing of DAY. And, it will be re-paid right after upon completion of the one-time ID verification within 30 days after launching the authentication.

5. Any DAY tokens airdropped into an account that has not passed the a one-time ID verification process within 30 days will be returned to marketing volume. (This amount will not be counted as Operating Funds)

6. The one-time ID verification process only applies to domestic residents users who have Korean mobile phone number.

7. In case of foreign residents, we will inform you separately when it is possible to support the verification process for identifying a authenticated customer in the near future.

 


[Next Step]

> Listing

Previous: The listing schedule of DAY: October 18, 2018, 9:00 am [UTC +9]

Revised: The listing schedule of DAY: October 20, 2018, 2:00 pm [UTC +9]


> Subject of 500 DAY for HAPPY BIRTH DAYBIT event

Previous: Users who have passed 2-step verification (SMS) and trade over $1,000 within a day

Revised: Users who have passed 2-step verification (SMS), the one-time ID verification with domestic phone number**, and trade over $1,000 

* DAY will be re-issued right after for domestic users who successfully pass the one-time ID verification. We will support the separate process for foreign users in the upcoming days.

**the one-time ID verification is only available on DAYBIT Web.


We appreciate your patience while we keep the value DAY tokens from fraudulent cases and show our strong will to make DAYBIT a more reliable and trustworthy exchange.

 

At the same time, we are very sorry for any inconvenience caused. We are learning and growing very fast after the service open. In the future, we will try to put more effort into prevention of any malicious cases and continue to build trustworthy exchange where trader .

 

Thank you.

DAYBIT Team


*The information about contract address and lockup related to DAY will be announced on Friday (the day before the listing of DAY), together with an announcement of the listing.