Ouyi Earned Coin Announces Support for ETH2.0 Pledge Redemption

04/14/2023 08:27 • Daily Digest • 64 views

On April 14th, according to the official news of Ouyi, Ouyi Earned Coin will officially support the redemption function of ETH2.0 pledge on April 18th, 2023 at 16:00 (UTC+8). Users can go to the OKX ETH2.0 pledge page of Ouyi and redeem their BETH holdings into ETH in a 1:1 ratio.

Euro Earned Currency ETH 2.0 Pledge Will Support Redemption

If you’re an avid cryptocurrency investor, you’ve probably heard of Ouyi Earned Coin. It’s an online platform where you can trade, exchange, and store various cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Ouyi is known for its reliability, security, and user-friendliness, making it a favorite among traders. Recently, Ouyi Earned Coin announced that it would be supporting the redemption function of ETH2.0 pledge.

What is ETH2.0 Pledge?

Before we delve deeper into the topic, let’s first understand what ETH2.0 Pledge is. ETH2.0 is the upgraded version of the Ethereum blockchain. It’s designed to be faster, more secure, and more efficient than the current version. However, upgrading to ETH2.0 requires users to convert their existing Ethereum tokens (ETH) into Beacon ETH (BETH). Once you convert your ETH to BETH, it’s locked up for a certain amount of time, and you can’t withdraw or trade it until the lock-up period ends. This process is known as ETH2.0 Pledge.

What is ETH2.0 Pledge Redemption?

ETH2.0 Pledge Redemption is the process of redeeming your BETH holdings back into ETH. Once the lock-up period for your BETH ends, you can redeem it back into ETH at a 1:1 ratio. This process allows you to use your ETH again, trade it, or withdraw it from Ouyi Earned Coin.

Ouyi’s Support for ETH2.0 Pledge Redemption

Ouyi Earned Coin has recently announced that it will be supporting the redemption function of ETH2.0 pledge. Starting April 18th, 2023, at 16:00 (UTC+8), users can go to the Ouyi ETH2.0 pledge page and redeem their BETH holdings into ETH at a 1:1 ratio. This announcement has been met with enthusiasm from the cryptocurrency community, as it allows them to freely use their Ethereum holdings.

How to Redeem Your BETH Holdings on Ouyi

To redeem your BETH holdings on Ouyi, follow these simple steps:
1. Visit the Ouyi ETH2.0 pledge page after April 18th, 2023, at 16:00 (UTC+8).
2. Enter the amount of BETH you wish to redeem.
3. Confirm the transaction and wait for it to process.
4. You’ll receive your ETH holdings in your Ouyi wallet at a 1:1 ratio.

Conclusion

Ouyi Earned Coin’s support for ETH2.0 pledge redemption is a welcome development for cryptocurrency investors. It allows them to use their Ethereum holdings without any restrictions and ensures their investments stay liquid. If you’re an Ouyi user, make sure to mark your calendars for April 18th, 2023, to redeem your BETH holdings.

FAQs

1. Can I redeem my BETH holdings before the lock-up period ends?
No, you can only redeem your BETH after the lock-up period ends.
2. Will I lose any amount during the redemption process?
No, you’ll receive your ETH holdings at a 1:1 ratio.
3. Does Ouyi support other cryptocurrency redemptions?
Yes, Ouyi supports the redemption of various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

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