Quote from: kris BTC on December 18, 2017, 11:35:11 AM

Updates from 12 December source #important_news https://discordapp.com/invite/UnYqVNJ

Hey @everyone!

We have a big announcement... EmberCoin's executive leadership has decided to do a coin burn-into-swap in preparation for a new project!

The EmberCoin project plans on a coin swap into a brand-new, yet-to-be-announced token via a Proof-of-Burn. This token will be part of a trailblazing blockchain project that has a definitive use case, and will be of interest to a wide-ranging audience. The implications of its successful implementation will benefit society as a whole, and go far beyond the personal benefits of staking or mining only. This project will push the boundaries of innovation, and solve a new problem with a new solution.

In what is much anticipated news for everyone, the team is finalizing their plans for a coin swap through a Proof-of-Burn (PoB) of Ember coins. The exact object of the swap will be made known in the coming weeks, with a formal announcement with additional specifics releasing January 1st, 2018.

This comes after much consideration on the topic with inputs from both the team, and the community at large, having been weighed and balanced against what would be the best for the future of Ember.

The burn-into-swap has been decided to be the best remedy to first reduce the supply of circulating currency, and second put Ember in an ideal position with regards to its future endeavors.

These endeavors are not without definition, and the already decided upon use case will offer an exciting new blockchain application for you all.

This planned launch coincides with the release of a new wallet to facilitate the burn-into-swap, and further details of the process will come to light as the date draws near. To ensure a smooth transition and minimize the chances of a fork on the blockchain, the schedule of the burn will be made public well in advance and should give everyone ample time to take part. It will rely on predetermined block numbers, between which the PoB process will be available to all coin holders.(edited)
Thank you, @everyone, for your continued support. This decision gives our team much anticipation for Ember's future - and we hope you are all as excited as we are for what is to come.

- JP

Looking forward to this one