Re: [ANN] CRYPTOGENE | Blockchain solutions for Africa [ICO 24 Sep 2017]

Quote from: julerz12 on November 20, 2017, 10:27:26 AM

Quote from: enigmatical on November 03, 2017, 11:21:48 AM

Ethereum Tokens
XGT (the Ethereum based token of the Cryptogene HUB) will be the base token of Cryptogene Dapps or Decentralized applications and smart contracts. This will be distributed to CGT holders on a ratio of 1:1 before its being listed on exchanges. What does this mean? If you have 1 CGT, you will be credited with 1 XGT. If you're not a holder of CGT when XGT distribution begins, you'd have to get it on exchanges when listed. Details of the distribution will be communicated soon.

https://medium.com/@cryptogene/cryptogene-ico-phase-2-detailed-announcement-2b3236127e83

Sorry, I'm a little confused, if there's an Ethereum based token for Cryptogene (XGT), what'll happen to CGT (waves based)?
Which of these two will be the primary use for the Cryptogene Ecosystem?

The CGT token is designed just for the crowdfunding exercise after which it will be swapped to XGT which is Cryptogene's token that would run on the ERC20 Ethereum blockchain. So fret not, after the token sale, each token holder would be required to swap his/her token 1:1 for XGT before it is listed in exchanges, instructions would be published. (Example if you have 1000CGT and this is swapped for XGT, you would have an equivalent 1000XGT )