Quote from: template on June 05, 2018, 07:46:08 PM

What time swap do?
What we should do?
Store in wallet or exchanger?

https://gist.github.com/mikeytown2/c4d5aacdd6e603e7aa041655fa250f7c

Why do we need to swap?
Pure Swap gets us better code quicker, and allow for payouts from Puredex (click to see short video demo) which will be released by the end of Q2.

Key points of new coin
1.Pivx has a better codebase
2.Queue based Masternode rewards
3.Reducing inflation and supply
4.Better track of masternode statistics so that puredex will reward more mature Masternodes.
5.Governance and budget system
6.Obfuscation
7.Bip 38 Encrypted Wallet
8. After Swap we will have a token Airdrop at 1:1 to Pure holders. These tokens will be used for Smart contracts and DApps. Exact time for this platform will be announced after Puredex is launched; but estimates are Q3/Q4.

When will swap happen?
It will be announced in the #announcements channel of discord. Swap ratio will be 2:1 meaning that you send 2 pure in return you get 1 pure. Masternode collateral will stay at 5k but due to 2:1 swap you need 10k or 2 masternodes to have 1 masternode after the swap. Once the swap starts you will have 30 days to complete the swap; if you don't swap within this 30 day window all your coins on the old chain will be useless.

New Pure Specs:
Proof of Stake (Pos)
Block time: 60 seconds
Max supply 21 Million
Block reward: 20
Masternode 15
Staking 5
FAQ
I have only one masternode now. What will happen to me?
You need to buy more.

Why should I swap early?
The sooner the better. People who swap sooner are at the front of the line for puredex rewards.

How will the swap work?
It will be announced in the #announcements channel of discord. Pure swap will be done in collaboration with Myce team, so I'd expect the Myce bot to be hosted on https://telegram.org/. https://www.coinexchange.io/ will also help us facilitate the swap Process and will host the swap.

Someone private messaged me saying they can swap my coins
Don't trust them. Report to a mod on the sidebar even it the usernames look the same they can be different people; this is why mods have a different color.

Why was 13m premined, and what will happen with it?
The premine is so each swap bot can handle most of the swap if needed. The extra coins after the swap will be burned. crypto-bridge was going to be the other swap bot, but at this time it looks like that will not be the case.

I just bought some coins, can they be used for the swap?
Yes all coins bought and generated are currently eligible for the swap.