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r/effectai

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Withdrawing Effect AI from KuCoin Withdrawing Effect AI from KuCoin

Dear Community,

I'd just like to share the experience I've had with my Effect AI tokens since they lost the support of KuCoin. First, I don't recall seeing a warning in advance so that I could withdraw the tokens to another Effect AI address. The only option now is to withdraw to an EOS address. I tried to withdraw to an EOS address on an existing wallet or exchange and I'm required to already have an EOS account. I tried to create one and that's not possible on any of the main platforms I use. I create a Lumi wallet because it's listed as one of the best EOS wallets. It won't let me create an EOS account. I do some research and see that Anchor Wallet supports EOS. I create an Anchor Wallet and attempt to create an EOS account, but it won't let me. I have to already have an account. I go to the EOS website and go through their account creation process, which can only be completed by transferring .4668 EOS into the account. I go into KuCoin, purchase some EOS, and attempt to transfer it to the pending account creation address. It won't let me because the minimum withdrawal amount is greater than the exact .4668 amount required. I go into Crypto.com, purchase EOS, and attempt to withdraw the exact amount, but the minimum withdrawal amount is 3 EOS. I go into Atomic Wallet and attempt to receive EOS, but first I need to create an account. I attempt their EOS account generation feature and receive the error: service unavailable.

So I have all my Effect AI trapped in KuCoin with no way to trade, sell, or transfer it.

I attempted to contact several of the people listed on the Effect AI website through their LinkedIn account and all of them ignored me.

Learn from my mistakes and avoid Effect AI and EOS.