Post
Topic
Board Announcements (Altcoins)
Re: [ANN][C2] Coin2 | POS | Official Thread | BF3 | BF4 | CS:GO | Chain of Conflict
by
nrigo
on 03/08/2017, 20:42:59 UTC
I read this:
Here is the link to the detailed project: https://docs.google.com/document/d/1AJ1lCpGopAPVRzfstOC2ea5aZo8EkC4q-sReJbz6UNM/edit?usp=sharing

I don't undarstand - when swap start? Any holders of C2 must exchange/send coin for who?
Why my 12M coins not in holders list?
Why all dead coins (more than 26M) who lose it (don't use more than 1 year) - not in list?

To many question in this project...
The swap start date is currently undefined because we have to develop and to test the new Coin release before.

Any C2 holders will receive new C2 against old C2 with a 5:1 or 6:1 ratio and the exchange(s) will process the big part of the swap.

Old coins will be returned to the Dev Team and any support to the old C2 will stop after the swap deadline.

It is not a holder list but a computation of the real supply (spendable coins). The 10 Mil from the BBP are accounted because they won't move from this wallet until the end of the swap deadline. If some new coins are not claimed by the users before the deadline, the Development Team will be allowed to swap a part of these 10 Mil using the same reverse split ratio.

In the event that the new coin balance multiplied by 5 or by 6 (regarding the swap ratio) would be upper to the 10 Mil reserve because of unclaimed or dead coins, all the reserve would be exchanged, 75% of the new coins balance would be distributed to the investors proportionally to their investment in the new coin development and marketing, and finally 25% would go to charity to support worldwide NGO projects.

If there is effectively 26 Mil of dead coins, the 10 Mil reserve would be exchanged for 2 Mil or for 1,666,666 new coins regarding the 5:1 or 6:1 ratio. 75% of the 16 Mil balance (= 12 Mil) would be exchanged for 2 or 2.4 Mil new coins and distributed to the investors and the 25% balance would be exchanged with the same ratio and moved to a charity wallet.

Currently, we can not consider coins without move since more than 1 year as dead coins because we don't know if the users lost access to the coins or not, however unclaimed coins after the swap deadline will be definitively considered as dead coins.