EDIT: IMPORTANT! Conversion of the remaining ETH and OP tokens has now begun, as per the announcement made in this post, via email, Twitter / X tweet 1, and tweet 2, and the sitewide message visible to all logged in users.
During this process your balance may show as missing, it may fluctuate and change. Once the process is complete, all balances will show normally.
Big changes have been happening in our industry during the last couple of years, and Publish0x has to adapt in order to survive. After announcing the integration of Optimism Network (OP Mainnet) and ETH and OP tips, and implementing these changes back in November 2023, it is time for another, much needed change to help Publish0x thrive.
Hence, here's a big change, and a public notice!
1. Tipping Token Changed to a Stablecoin - USDC!
On Tuesday, 29th of July, all of ETH and OP tokens will be converted to USDC. The conversion will be made at today's value of OP (it will be exchanged at $0.55 per OP) and ETH (which we will exchange at $2,620 per ETH).
Tips in OP and ETH will be stopped on Sunday, 13th of July, around 6PM UTC. They will immediately be replaced by tips in USDC. USDC will be the only tipping token on Publish0x. USDC will be sent over OP Mainnet (Optimism Network), which is no change compared to now.
You can choose to wait for the conversion of ETH and OP to USDC on the 29th, or you can withdraw your OP and ETH before July 28th, during our normal withdrawal period which is on every Monday. This is beneficial in case prices of OP and ETH are higher than the rates we will exchange them at (again, $0.55 per OP, and $2,620 per ETH). Remember to make sure to put in a withdrawal request before the cutoff time on Sundays, 6PM UTC.
Here is a screenshot of ETH and OP prices at the time this post was published (Tuesday, 8th of July 2025, ~6.39PM UTC). Prices shown are taken from CoinGecko.
Lower Payout Threshold (Temporary)
We have temporarily lowered the payout threshold for ETH and OP tokens to $0.2, to allow everyone who wants to withdraw ETH and OP tokens, to do so.
- If you are withdrawing to an exchange, check that you are above the minimum deposit threshold (if any), so as not to lose the tokens withdrawn.
- The payout threshold will return to the current minimum threshold of $0.5 USDC after the OP and ETH token conversion on July 28th 2025.
Why the Change?
We are doing this to help us plan longer term. With crypto prices fluctuating wildly, it is difficult for us to estimate how much crypto we need to hold at any given time, in order to be able to send payouts to all users, should all choose to withdraw at the same time.
By holding a stablecoin, this will no longer be a challenge.
Further, by having to hold less crypto for payouts, we minimize the risk of being a big enough target for hackers.
2. Accounts Inactive for more than 6 Months will Become Dormant and Forfeit their Balance.
Accounts older than six months are considered inactive, dormant accounts. Inactive accounts will forfeit their balance.
All you have to do for your account to remain active is to simply do any one of the following at least once in a six month period: log in, leave a tip on any post, write a comment, leave a like, or publish a post. In case your account is close to becoming inactive, an email will be sent to you and you will have time to act.
This is also a reminder that you should withdraw your crypto periodically, and not use Publish0x as storage for tokens.
Why the Change?
On top of the reasons of why we're stabling up... also note that we are not a bank and do not wish to hold withdrawable user funds over periods of months and years. We encourage you to withdraw your earnings periodically, every few weeks or at least every couple of months.
That's it!
If you have any questions or comments, leave them below on this post.
All the best!
Publish0x Team
