Quote from: ELikesCrypto on October 11, 2015, 06:42:09 AM

Yoga.. hmm this guy is quite the buddhist isn't he? I'm looking forward to the new initiative, please keep us updated. Maybe our XAI will not be totally lost.

Everyone will have the choice to exchange their XAI for a new coin with a purpose and a future. We don't want to rush it, but we don't want to wait too long either. Hopefully we'll launch by November, and we're trying to line up as much support as we can.

There is no pre-sale or ICO, so the only help we need is some reasonable buywalls on the exchanges; some people just want to get rid of their XAI and don't care about the new coin. So we can put up buy orders, they can sell us their XAI, and then we'll burn the coins ourselves. That way people won't have to go to the trouble of exchanging their coins if all they want to do is dump them anyway. And then we won't have to worry as much about people dumping the new coin, since the people redeeming coins are the ones who didn't already dump.

We will verify the burn transactions before transferring the new coins, and we will be sure to watch the Sapience "ICO Burn Address":

http://www.blocktree.io/address/XAI/AFmseVrdL9f9oyCzZefL9tG6UbvhPbdYzM

Joe Moz says that the coins at this address are unspendable, but it doesn't look like an actual burn address. So if those coins ever move, we won't accept them as valid.