Post
Topic
Board Announcements (Altcoins)
Re: ANN: Introducing YoShit Coin - Scrypt
by
BDave88
on 03/08/2017, 08:51:12 UTC
what does it mean 100 to 1 swap ?
seriously...what this can mean?
We decided to go with Coinexchange.io instead of Cryptopia. Cyptopia listing fees are just too high at the moment. So the new coin will be trading on both nova and coinex. The swap will hopefully take place this weekend. There will be a total of 21 million coins and at 100 (YST coins) to 1 ratio (AXE coins) will be issued. We will be in touch with Novaexchange to conduct the swap. X17 algo will be the new mining method as well. Cheers  Smiley
swap 100yst for 1axe
cut out 2 zeros to find out how many new coins you will get after swap is done

100:1 - For every 100 YoShit you will receive 1 AXE - The swap is great for the coin as it'll lower the supply from 9 000 000 000 coins to 90 000 000. A 90mill supply gives the coin the chance to grow significantly as it'll have a better market capital to coin amount = higher coin price
[Thats a really basic explanation and I recommend looking into it further for a more thorough explanation]