ChangeNOW explains how it avoided stopping XMR withdrawals and deposits during recent hard fork
team, its head of PR Mike Ermolaev unveiled the details of how the platform handled the Monero network upgrade.
Namely, such restrictions were imposed by the likes of Binance , CoinEX and so on. ChangeNOW managed to continue providing these services due to its balanced liquidity strategy. It has allocated liquidity from various reserve mechanisms to guarantee the constant availability of XMR funds.Also, mainstream Monero storage instrument Cake Wallet is supporting ChangeNOW in this massive liquidity concentration program.
So basically, we collected liquidity from all corners of pools, entering and exiting different providers' doors one by onea true spirit of adventure. It is good to have so many of those doors, as they definitely benefit our users.As a result, operations with Monero were shut down only during the hard fork itself on August 13, 2022. In the same manner, ChangeNOWduring the 2021 Dogecoin euphoria when all of the top-tier exchanges were shutting down DOGE deposits and withdrawals.
Typically, the exchanges shut down operations during hard forks to avoid network problems and downtime issues due to enormous traffic upsurges. By contract, noncustodial exchange ChangeNOW creates liquidity reserves to guarantee a smooth user experience during major network transitions.
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