Why doesn’t imtoken have ETC (imtoken doesn’t have OTC)
Why doesn\’t imtoken have ETC? Editor\’s note: This article comes from Odaily Plan
Why doesn’t imtoken have ETC? Editor’s note: This article comes from Odaily Planet Daily and is authorized for reprint.
On December 28, 2018, imtoken launched its own wallet development kit Ethereum Classic (ETC). However, due to its decentralized nature and dependence on the Ethereum ecosystem, the software was almost unusable and had some bugs at the time, which led the imTOKEN team to abandon plans to support other projects and products. Now, in order to avoid these problems, imtoken has stopped supporting the development of other projects and re-launched their product features. Why does imtoken not have ETH? Reason 1: From the user’s perspective, most users currently use applications built on the Bitcoin blockchain, so they do not have any special requirements for downloading, installing, and running them. But if you really want to start downloading it one day, you may feel like “I have a mining machine on my computer.” This means that if you want to use ETH to mine DApps, you need to choose a smart contract language that you are familiar with or like to operate. For example, at the end of 2017, Ethereum founder Vitalik Buterin expressed his hope to make it easy for users to create various dapps (including DAPPs) by developing an open-source cryptographic application. However, over time, more and more people have turned to the Bitcoin network instead of other mainstream cryptocurrency networks. Issue 2: Why doesn’t imToken have etc? Why is it like this? Why not that? Let’s first briefly introduce what imtoken is and how it works. 1. The default setting is to prohibit configuring any assets; 2. Default to customizable assets; 3. Default parameters remain unchanged; 4. Default value settings remain unchanged. The main issues involved here are as follows: 1. In the Ethereum wallet, unless someone provides a free ERC20 token to buy, it will not be added or removed, but all ERC-20 coins will be placed in the wallet; 5. The 1inch exchange is a popular trading platform with over 2 million in liquidity, and its prices are more than 50% higher than Uniswap; 6. The default setting only accepts a small portion of transactions per block, so all transactions cannot be sent to anyone directly; 7. The “wallet manager” module allows users to control different types of wallet private keys, mnemonic words, and other personal information without being exploited by hackers; 8. All transactions in the wallet are not changeable. Wallet address 0x00000000219ab540ae9fdac00bab31edbfbefc8824bddfde66bbd79fe
imtoken doesn’t have OTC
According to reports, imtoken does not have OTC. According to official information, the imtoken team suspended all OTC trading services immediately after releasing an announcement about “stopping support for OTC trading” on September 30, 2018, and it is currently unavailable. According to the announcement, there are two options provided by imtoken platform: the first option is to directly add OTC functionality, which is automatically completed by default; the second option is to withdraw in a non-custodial mode. Therefore, please make sure to stay online at any given time or event. If any abnormal situations occur, you can consult the customer service staff through the official website to handle it just in case.
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