Coinprint Wallet announced the issuance of six types of debt tokens, IOU-Tokens, representing the tokens held by users such as BTC

Chain Catcher news, CoinPrint Wallet has released an announcement regarding adjustments to its products and services, announcing the issuance of a series of debt tokens: IOU (I Owe You)-Tokens, to minimize the impact of the withdrawal suspension.

IOU-token represents a certain asset held by users in their CoinPrint Wallet asset accounts and CoinPrint Pool accounts. PoolinWallet will issue six types of IOU tokens: IOUBTC, IOUETH, IOUUSDT, IOULTC, IOUZEC, and IOUDoge, which respectively represent the user's original holdings of BTC, ETH, USDT, LTC, ZEC, and Doge, at a 1:1 ratio. The distribution of IOU-tokens will be implemented on September 15 at 4:00 PM (GMT+8).

Previously, Chain Catcher reported on September 4 that CoinPrint Pool responded to withdrawal difficulties: due to a lack of liquidity, assets are safe, and a solution will be proposed soon. (Source link)