Post
Topic
Board Announcements (Altcoins)
Re: 🚀 [ANN] ColossusCoinXT COLX - Coin Swap - Fair Launch, no ICO/ IPO! 🚀 Released
by
W0lves
on 26/09/2017, 19:18:12 UTC
Is there anyone that can tell a little more about the coinswap? The technicals behind it? Is there a wallet preloaded that has coins that can be used in the swap by Nova? How else would I be able to convert millions of CV2 to COLX?

I believe almost all of the 11 billion COLX was premined. That's why they're focusing more on Staking/Masternode payouts rather than mining. Once the swap is over, I think they'll be burning the rest of the supply that doesn't get swapped. So if only 6 Billion CV2 get swapped, that means the new supply for COLX will be 3 Billion. Someone correct me if i'm wrong, but that's my basic understanding of it after reading through the different threads on this.