Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Grim Coin - UPDATED!!! MasterNodes, re-enabled PoW
by
Grim_Coin
on 19/07/2018, 02:12:19 UTC
Basically for the swap, we have 3 options.

1)  100% manual swap using a snapshot using block 405700.  This would likely literally take weeks and people wouldn't get swapped in time for PoS/MN rewards to pick up.

2)  100% manual swap using "whatever the chain shows" at the time of swap.  This would take a long time, but not "as" long.

3)  Automate as much of the swap as we could...manual where we had to.  This would take the least time.

Now, the issues we were running into...if we automated it using the snapshot, any wallets that staked after that snapshot "created" new addresses with those coins in them...and those new addresses wouldnt' be on the snapshot.  Turning the automated option into the "100% manual using snapshot"...and taking entirely too long.  And to be remotely fair to people, we had to eliminate that option (1st one above)...last and first to swap could see huge differences in MN/PoS gains.  Leaving us with 2 options...100% manual using current "up to date" chain information or automating it using the same, "up to date" chain information.

Basically, we are forced to swap using the chain that went OVER our max supply.  We discussed this A LOT today...and I personally will take the resposability for telling people to shut down their staking.  Naturally, those who stopped staking have less than they WOULD have had if I hadn't made that announcement.  We are still HOPING to have the automated process complete, but with this situation making every attempt we did at creating the bot not functioning, we've had to basically start over on the bot.  The hope is to have it complete...

In summary, we will swap based on the continuing block chain.  Again, I sincerely apologize for the issue this creates those who turned off staking.  Look for the swap to begin 7/19/2018 sometime after 12:00 pm EASTERN time.  We will post the exact procedure before we begin.  If you turned your staking off...TURN IT BACK ON.