I think the best way forward is to merge viorcoin into Korecoin. I already reached out to Eurbids
Can we know a bit of details of these talks? As a shareholder I would be interested in knowing what I will get for my now pretty worthless VIOR coins, whether to sell them now, or wait till I get KORE coins (what exchange rate?) for example. Your way of handling things and communicating with the community leaves a lot of room for improvements, to say the least.
Sure, when we close an agreement, the community will know about it.
Kore and Vior will be managed like the same coin, if you want to buy some, take Kore or Vior it's absolute the same. They will have different rate an accord with a real value on the Kore 3.0 release.
Perfect, once both coins are merged, I don't doubt that it will work fine.
However, there are some delicate matters in the transition process, that make this whole process a bit uneasy, especially if there is no transparency involved. VIOR has bigger coinage than KORE: 4.5 million vs. 1.2 million coins (nearly 4:1 ratio), whereas if you take the current value of VIOR (500-800 satoshi) vs. KORE (8000 satoshi) it is even 10:1. How to make sure both communities will be fine with the takeover conditions?
Thus, few questions from my side:
- are you gonna increase the total number of coins available in KORE to be able to exchange the coins of VIOR bagholders? If no, where the coins for the exchange will come from?
- what factors will be taken into account to decide VIOR to KORE exchange ratio?
- who will handle the exchange to guarantee the transparency of the entire process, once it is decided it will happen?
The ratio will not based from any exchange. Exchanges can be manipolated very simple, and the actual VIOR value it's the result of a panic dump, I don't care of it.
Total VIOR coins is double then Kore, Kore riched a high of nearly 40,000 satoshi, Mike told that VIOR riched around 15k. This is the main factors for calculate the fair ratio.