Quote from: bitcoinbabys on July 23, 2018, 05:09:55 PM

Quote from: CryptoxMonitor on July 23, 2018, 12:48:16 PM

Quote from: bumbacoin on July 23, 2018, 05:36:42 AM

To clarify our Team position in regards to the current swap and burn.

The swap ratio will remain constant for the entire duration of swap.
We will not be increasing or decreasing that value under any circumstances.

Swapping is purely optional, it is up to all SHND holders whether they wish to own SHND or SHMN or both.
There will be no forced swap under any circumstances.

All SHND swapped will be destroyed/burnt.
If you choose to swap, then your SHND will be destroyed and you will not be able to swap back.

At the end of the swap period all remaining SHMN will also be burnt or destroyed.

SHND will be considered after the swap as to whether any new changes to rewards will be integrated.
This will be based on remaining supply against current rewards.

there is no plan for any further burn after this period.
any talk of a further burn is not official

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The swap ratio is 5.000.000 SHND to 1 SHMN

An amount of SHMN has been earmarked for distribution to team-members for services during development and swap.
So far a total of 5750 SHMN have been distirubted to myself, bitcoinbabys, linenoise, repo, nashclay BrazilianRiderVDR and Fedda the BootStrap man.
This may increase before swap end but we are highly concerned to maintain SHMN value without flooding the market by paying the development team.

in regards to SHND being destroyed, we are using a feature of the code base where all coins sent as fees are destroyed and the coin supply is immediately reduced.
we will be exploring options for SHMN as to whether this process is feasible, if it is not possible, we will generate a burn address and send all funds there.

"we will be exploring options for SHMN as to whether this process is feasible, if it is not possible, we will generate a burn address and send all funds there"
So you do not have a concrete plan on SHMN?
Is SHMN in an uncertain destination?

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"At the end of the swap period all remaining SHMN will also be burnt or destroyed."
I suppose you mean SHND, i'm right?

Well to answer the first question what he is saying is that he is deciding if we should burn the extra SHMN via the process that we burned SHND. If that option is not feasible then we will generate a burn address for SHMN.

For the second question he means this: We premined around 4 million to have enough for swap. So once swap is closed all remaining premined SHMN coins will be burned. We have already started burning SHND coins. So far we have burned 1.6 trillion. I hope this helps clarify the announcement for you

yeah, It became clearer
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what about the block reward of SHMN?