Post
Topic
Board Announcements (Altcoins)
Re: ◥◣ TALK◥◣ ★★ 15% APR ★★ uᴉoɔʇᴉq Community Coin ✪BϾϾ✪
by
BitcoinNational
on 17/09/2016, 18:21:24 UTC
Those staking JBS at home will have to do.. what when this swaps to EE edition? and when, roughly?

Will it be easiest to send it to Bittrex and let them deal with it?

Hi Bitice,

You can keep staking until the swap.

Briefly there will be 2 methods for swapping. Claiming or using an exchange which will perform a claim and adjust on-exchange balances accordingly.

The off-exchange claim process will involve and consist of:

  • Generating receiving address/addresses (a fork of the MyEtherWallet web site will be provided to generate addresses)
  • An online form to enter JBS addresses mapped to a receiving JBS EE address
  • This form will be provided in both clear net URL and TOR URL form to retain anonymity
  • You will need to sign a message to prove ownership of the JBS address
  • JBS address balances will be snapshot at a defined block. This prevents double claims
  • JBS EE balances will be programmed into the Genesis Block of the JBS EE chain. Be a part of history!
  • You will be able to perform a claim at a later date as well after the network has been launched. The intention is not to screw people over with a claim process with a short time window
  • At some point we intend to send any unclaimed funds to a multisig address which will require multiple party approval to process any later claims

There will be further details in the upcoming PRE-ANN thread.

We intend to make this claim process as transparent as possible and it can therefore be audited on the blockchain

To maintain a healthy staking network we recommend people participate in the off-exchange claim process for the bulk of their holdings

You may want to consolidate some of your holdings to a smaller number of JBS addresses leading up to the swap