We are updating our delegation qualification rules effective immediately, starting cycle 397. Please take note of this announcement to assess how this impacts you and your delegation.
August 15th, 2021
TLDR: We are updating our delegation qualification rules effective immediately, starting cycle 397. Please take note of this announcement to assess how this impacts you and your delegation.
Hello, fellow Tezos fans! Crypto laws evolve and so must we!
Crypto rules in the US are changing quickly. At CryptoDelegate, we always strive to operate in full compliance with the most recent regulations. Still, crypto laws are often vague and subject to interpretation. As a result, we have been advised to err on the side of caution and take our delegation service private.
Effective immediately (cycle 396) we are ceasing to offer our service to the general public with less than 10k delegated XTZ. We are still huge Tezos fans, and we will continue our baking operation as long as possible under very specific rules and guidelines.
Previously we offered a self-serve payment system by logging in to app.CryptoDelegate.com. Because of new regulatory developments, we were advised to disable this feature as well as review and update our policies.*
What happens next?
To receive your outstanding rewards up to, and including cycle 396, please send an email to [email protected] with your delegated tz1 and/or KT1 address. We will promptly review your account and send you your final accrued rewards.
How to join our private service?
Starting cycle 397, we will still be accepting delegations that meet ALL of the criteria below. Any delegations that do not meet these criteria will not earn past cycle 396. If you already meet all of these criteria, then you do not need to take any action, you will continue to earn.
- Delegated to CryptoDelegate - tz1Tnjaxk6tbAeC2TmMApPh8UsrEVQvhHvx5, cycle 397 and beyond.
- Delegation of at least 10K+ XTZ for any subsequent delegation cycle.
- Send a simple email to [email protected] with your delegated tz1/KT1 so your account can be associated with a functioning email address. We reserve the right occasionally to confirm that your email still works before sending payments.
- Bulk payments will be made once a month.
- Qualified delegation is paid first come first serve. Any delegation resulting in over delegation will not be paid out.
We apologize for this inconvenience. We advise everyone in the US to call or write your elected officials to tell them how important it is that the US continues to encourage a robust Blockchain ecosystem.
*All policies, rules, and qualifications are subject to change without notice. Minimum reward payment = 1 xtz. Awards will accrue until the minimum payment threshold is met. See website for full terms and conditions. The Crypto landscape changes fast and so must we.
Please Note: CryptoDelegate.com and CryptoDelegate LLC is not a crypto token exchange. We do not provide any method of purchasing, selling, or trading any type of blockchain coins or tokens. We also do not give any financial advice or recommendations. Invest in crypto currencies at your own risk. Our payment system is on a closed loop. This means we do not have any means of receiving or transferring tokens from a client to a third party or visa versa. Payments can only be sent to the original delegator. We do not store crypto tokens on behalf of our customers. Any tokens that we generate and hold in our hardware wallets are property of CryptoDelegate. Token ownership transfer happens immediately upon the Tez tokens being sent and received from CryptoDelegate to the client. If you wish to transmit crypto-tokens to a third party, you must send directly from your personal wallet or use some other method.