Abra has paused CPRX buying and selling until late 2022 while we work on improving CPRX liquidity. This is an extension of the changes made on June 1st, 2022 at 11:59 PM PST, when we scaled back the Abra Perx program by pausing Trade cashback, Earn yield booster, Borrow cashback, and *referral rewards.
*Anyone who funded their account with a promo code or through a referral before the May 31 cut-off date will still receive the CPRX reward upon completing the holding period requirements.
What does this mean to you?
If you choose to continue to hold your CPRX with Abra, you will NOT lose your balance and you will continue to earn 3% APY on CPRX held in your Abra Earn account.You have the option to withdraw CPRX to an external ERC-20 wallet at any time.
Abra and the Crypto Banking Alliance (CBA) are working on listing CPRX on additional exchanges and allowing Abra users to trade CPRX. We expect this process to be complete in late 2022.
Why is this happening?
We understand that this pause may create frustration, but please know that we are working tirelessly to grow CPRX’s utility and community, along with the next generation of rewards for everyday activity. Our team is working on new ways of using CPRX and are planning for 2022, including discounts when paying fees in CPRX for advanced order types and access to our upcoming DeFi and NFT experiences.
We paused CPRX trading because of current low liquidity of the CPRX token but we expect to re-enable trading before the end of the year. We plan to re-enable this functionality when CPRX is listed on additional exchanges in late 2022.
We would like to thank you again for your participation and we look forward to bringing you even better rewards in the future.