DISCORD ANNOUNCEMENTS
@everyone Here is the current plan for the upcoming swap coin.
This is subject to change slightly, but this is what is ironed out.
Supply = ~90 Million (3x current),
MN collateral 3000,
Swap is 1 Race : 3 New Coin,
Block reward is 24,
Premine will be ~3.3 million to swap.
We will have a system set up to help avoid the original dev from swapping and the remaining premine will be burned.
The premine burn may not happen and may be used to pay for listings if current exchanges do not allow for a free update.
A budget, % of each block, will begin after a specified period of time to help fund future development.
There is no ETA yet, but we will update as we can.
Currently there are 4 members working on this.
We welcome anyone that is interested in helping.
So, I'm guessing since this is a swap that the new coin wont exist on the current blockchain? So we would be giving you a coin with a value that is listed on an exchange (that can be sold) for a coin that isn't on any exchanges? If so, what would stop you from getting all of our RACE coins and just selling them on an exchange leaving us with your new coin with no exchange? I think I will just sell my remaining RACE coins and buy your new coin if it takes off.