Quote from: GlobalToken on October 07, 2017, 03:50:23 AM

GLOBAL TOKEN UPDATE

There are proposals to come out with a new blockchain and wallet for GlobalToken

THere is either going to be a complete swap or a snapshot will be taken to allow users to get access to new GlobalTokens on the new chain using private keys.
Whatever be the case. We do not want anyone to lose a single coin so information will be made available here and on the slack
Below are some reasons for the proposal of the new chain

1. To make GLT more into a better cryptocurrency for the long term
2. To make transactions faster thus making the crypto more ideal for online retail environment
3. To make the difficulty readjust with each block rather than the initial 10 blocks
4. To make GLT more "green" by using POS predominantly through staking and masternodes rather than POW mining with ASICs which consume a lot of power/electricity which can be channeled for other home and industrial purposes
5. To introduce optional anonymization of transactions on the blockchain
6. To take the burden of the funding of the project off the community through donations by community members and rather make the project fund itself by allocating 8% of the block reward as treasury which will be controlled by masternode holders through voting for proposals
and more

Point 2 will be the mainstay of GlobalToken. More focus will be on making GlobalToken into a cryptocurrency that will be ideal for making smooth, fast, and secure online and offline payments
If you are a seasoned developer and you can work on GlobalToken to add some unique features and capabilities to help realize this in a more pronounced way, feel free to join slack and pm me (@globalt) https://join.slack.com/t/globaltoken/shared_invite/enQtMjE4NDg4OTgyMTQ3LWMxZjVjYWM1MWEwNDJjZjNhOTcyODRmOTlkOTQ4NzNlODM2MDIxNjhlYmFkZTQ5ZDRkNTAyNTgzOTlmYmJjNjM

👍. There's always been a good core team here and it's great to see this coin remains alive and kicking. With regards to Point 2, there are other coins out there which have very fast transfer times (Denarius comes to mind) which haven't achieved much profile on this basis. I like most of all Point 6; I think that some change is needed to fund the team which has remained loyal to the project.