Quote from: DiviDude on October 20, 2017, 03:23:08 AM

Quote from: alex3921 on October 20, 2017, 03:16:22 AM

Hey team,
I went through your whitepaper and I am still confused about DivX tokens usage after Divi blockchain is created.
On the page 1:

Quote

Example: John participates and acquir es 5,000 Divi Project tokens (DIVX).
When the Divi blockchain launches he voluntarily stakes his 5,000 tokens by
sending them to the Divi-redemption-address to be temporarily be held and
then instantly receives 5,000 DIVI. At the end of the 60 day redemption period
Johns tokens will be returned to him. John now has 5,000 DIVX & 5,000 DIVI.

but at the same time, page 14 says the following

Quote

Redeeming Divicoins - DIVI will become available after the Divi Project
blockchain launch, scheduled for early Q2, 2018. There will be a 60 day
redemption period where Divi Project token participants can stake their
DIVX tokens to receive a 1 to 1 ratio of DIVI. Redeeming DIVI is free, and
DIVX tokens will be burned as part of the process.

Which part is correct?

Thanks for pointing out this error!

The first example is the correct explanation- DIVX tokens will be returned to those who exchange them for DIVI tokens after 60 days.

Actually, based on community consensus we have chosen to burn them - a lot of early adopters have requested this outcome for the DIVX if we can't find a suitable use case for them. I will make sure the whitepaper gets updated to reflect this. This is a rather recent development and I assume that's why DiviDude was unaware.