Kucoin is heading against nature's rule - Try to unnecessarily tie up someone and he / she will never come back once left.
atm we have no choice but kucoin exchange to trade and store RPX as even withdrawal has not been activated.
They must be thinking that if allowed, their daily volume go back to previous level.
Once detailed profit sharing calculation done, no one would like to store KCS.
The whole situation is killing the value of KCS, KCS exchange and RPX too. too very short sighted operators.
But as soon as RPX is tradable in another exchange, i don't think anyone will stick with KCS exchange.
This is the very first NEP-5 token out there. Each and every exchange have to figure out how to process deposits and how to process withdrawals. Keep in mind that NEO's tokens withdrawals are different than NEO or GAS withdrawals. I think Kucoin as new kid on the block saw the chance to be first in something and thus differentiate themselves among competition. So they rushed things and allowed deposits and trading before they figure out how to do withdrawals.
I respect that you are a full member in BT. but what i understand from your writing is that they were unprepared but started the operations while we are trusting them with our real money. that was supposed to be my choice whether or not to transfer my money to exchange after knowing the pros & cons. but here i see we are not supposed to have our choices.
You're right, it's a mess. To be honest I'm not entirely sure why Kucoin enabled trading before figuring out how to deal with withdrawals. Rushing things in order to beat the competition is nothing more than a educated guess. I don't even know (and haven't been able to find the explanation of) why it's so hard to do withdrawals and whether this is a wallet issue, smart contract issue, exchange backend issue or all of those.
And during all these, the ones losing the most are the real supporters who prepared for months to participate in ICO with the maximum cap of just $1000. Not all of them are well versed with all the scenarios and outcomes to prepare strategic moves. They are and will be intimidated to sell off their RPX by the expert and strong ones.
Folks, one should not get carried away with the artificially designed current flow.
RPX final way is to the moon. Just the matter of time folks... just the matter of time... that too not long enough.
HODL HODL HODL!!!