OmniBTC Risk Fund is a protective measure designed to safeguard users when conducting transactions on the OmniBTC platform. The fund aims to provide compensation for abnormal transactions and other potential losses that users may experience. Additionally, when issuing tokens on OmniBTC, 10% of the tokens are allocated to the Risk Fund to ensure adequate resources for compensation.
The primary objective of the OmniBTC Risk Fund is to ensure a secure and transparent trading experience for all users on the platform. The fund serves as a safety net, compensating users in the event of unforeseen issues or losses related to their transactions.
A percentage of the transaction fees generated on the OmniBTC platform is allocated to the Risk Fund. Moreover, when tokens are issued on the platform, 10% of the tokens are reserved for the Risk Fund. This dual allocation mechanism ensures that the fund has adequate resources to compensate users in case of abnormal transactions or other losses.
In the event of an abnormal transaction or other loss, users can follow these steps to request compensation from the OmniBTC Risk Fund:
- Submit a Compensation Request: Users must submit a detailed report outlining the issue, the transaction ID, and any other relevant information to the OmniBTC support team.
- Investigation: The OmniBTC team will thoroughly investigate the reported issue and verify the legitimacy of the claim.
- Decision: Once the investigation is complete, the OmniBTC team will decide whether the user is eligible for compensation from the Risk Fund.
- Compensation: If the user is deemed eligible, the compensation amount will be determined and transferred to the user's account.
Please note that the final decision on compensation eligibility and the compensation amount lies solely with the OmniBTC team.
To maintain a secure trading environment, users are encouraged to:
- Safeguard their private keys and never share them with others.
- Regularly update their account passwords and use strong, unique passwords.
- Periodically review and revoke wallet authorizations.
- Be cautious when trading and avoid sharing sensitive account information with others.
By following these security practices, users can minimize the risk of losses and help maintain the integrity of the OmniBTC platform.
For any questions or concerns related to the OmniBTC Risk Fund, please reach out to the OmniBTC support team through the platform's official communication channels.
OmniBTC reserves the right to modify or update the terms and conditions of the Risk Fund at any time without prior notice. Users are encouraged to regularly review this README document to stay informed about any changes to the Risk Fund policies.