Accounts / Transactions
2018: Reaching End-Of-Service, 2019: Discontinued Permanently
QoinPro cannot be maintained indefinitely. An off-chain storage fee of $12.50 USD (in the LTC equivalent) will be charged for the few faucet accounts that still hold crypto, although they were waived or not applicable until May 2022.
If your balance is less than the storage fee, your balance will be reduced to 0.00000000 LTC and no additional charges will be deducted.
The fees will be as follows:
Just like the faucet transactions and freebies, storage fees (if any) are off-chain.
All outgoing transactions have a corresponding TXID (transaction ID) that is visible on the blockchain and publicly verifiable.
Some popular block explorers are:
Every outgoing transaction has a publicly verifiable TXID. If transactions were pending or couldn't be processed (for whatever reason) they would have been canceled and your faucet balances at the time would reflect that.
Because most faucet balances were below the required thresholds for withdrawals, all remaining balances have been converted to Litecoin (LTC). Litecoin (LTC) was chosen because it is fast, cheap and liquid. An 8% conversion fee was deducted to cover maker/taker fees or conversion fees, slippage and transfer fees to an exchange.
The few accounts with a remaining balance are subject to off-chain storage fees. Any remaining amount can be withdrawn to a native non-bech32 LTC address (wrapped LTC tokens are not supported) and we will cover the transfer fees.
Please send the LTC address as a string we can copy and paste, do not send it as a QR code or a photo.
Other than the 8% conversion to LTC fee, there is no outgoing transfer fee. Your account will be closed afterwards and can no longer be used.