Re: [ANN][SWAP] FARAD Cryptoken - Live Swap and Bounty

Quote from: WinchesterInThePeaks on December 30, 2017, 07:51:54 AM

Quote from: dafew on December 21, 2017, 01:10:47 AM

FOR IMMEDIATE RELEASE

We are delighted to announce the FARAD (FRD) swap-back request period has officially been launched.

The start of the swap-back request period is from 21st December, 2017 to 12th March, 2018.

For details on this and the wallet address, please visit https://farad.energy/swapback

We are also thrilled to inform the FARAD community that future swap-backs (from 20th June 2018 onwards) will be done through the much-anticipated Virtue Exchange (VXE) Trading platform.

More details will be made available before 21st March 2018

Stay tuned for more details on this on Farad.energy website.

End

1. When does the payment happen after the swap? In march or when the total is reached?
2. Is the value of the ETH paid out calculated at time of swap or whenever ETH is paid out?

Need to be more clear on these

Hi there.

1. Any token holder who participates in the swap back shall receive their respective Ether on March 2018 regardless whether or not the limit has been reached, they will still receive it in March 2018.

2. FRD swap-back price = US$ 0.145 per FRD redeemable in ETH equivalent at the time of redemption. Conversion will be based on the average seven days best price from top 10 most liquid ETH exchanges on best effort basis.