Post
Topic
Board Announcements (Altcoins)
Re: ***Marx Coin ***PREPARE FOR COIN SWAP*** Marx Coin ***Coin Swap ***Marx Coin ***
by
MARX01
on 13/09/2017, 17:40:19 UTC
Hi Dev.  Don't coin swaps typically reduce the amount of coins?  

Quote
I think the project needs more than 42 mil coins

Why do you think that?  Will unswapped coins be burned?  Or will the old chain still function?  Also, I believe to do a swap, Cryptopia will require a relisting.  Which is a significant amount of money right now. So I am thinking that MARX would end up on another exchange.  Or do you know how to do it so that doesn't happen?  You could do the swap on Nova, but this would end up losing Cryptopia.  Just some thoughts.

Also, I agree with losing the MARX positioning.  

Typically its a 1 for 1 basis but Ive seen swaps that double the amount. Can't recall seeing a current supply coin reduced. If I am to secure a wide distribution for the coin outside the Crypto scene 40 million is probably not enough. I understand that traditionally a scarce coin can be good for price but in this case I dont think it would make any difference. Consider the available supply of coins like ETH, Waves, Ripple etc which are in the billions compared to this coin. One person could end up owning 50% of Marx coins which might not be advantageous for the rest of us. The exchanges simply need to swap the wallets and all accounts (Marx) are swapped over to the new blockchain.