Greetings Chili lovers.
We have taken on-board the community feedback in regards of the coin swap from v1 to v2 and re-evaluated the plans set-forth to better align with community interests to truly revive this coin and its community.
Extending Swap Period
We initially set out a 1 month swap period, which in hindsight is too short of a time for all possible parties to get informed about the revival of ChiliCoin and get the time to perform the swap.
In this regard, we are extending the swap period by additional 2 months, allowing 3 months for interested parties to swap their coins.
The new swap finish date is: 05/07/2018 (05/July/2018)
Unswapped Coin Burn
After the swap period is finished on 05/07, the core team will perform a coin burn and completely remove the ALL unswapped coins from circulation.
The completely removal of coins from circulation is possible because transaction fees are destroyed when a transaction is made with ChiliCoin.
Transparency on the coin swap
As some users have pointed out, there is no transparent way to see how many coins have been swapped over and how many are left from the pre-mine to support the swap.
At the current moment in time, there are not enough stakers on the network to ensure stability and smooth operation. The core team have split up the pre-mine into multiple address and are staking the coins to ensure stability and block generation.
Once we can confirm that the network is sufficiently safe to operate without core team runnings the nodes, full pre-mine will be moved into a single address which can be monitored in the public blockchain.
Lastly, we are preparing the Discord server and will open it up soon.
Thank for your support.