**** IMPORTANT ANNOUNCEMENT *****
Dear Community,
KSS-Waves is back into the krosscoin project. The coming Kross Blockchain is a third generation blockchain and will allow for interoperability with other other blockchains, including Ethereum and Waves. Also and obviously, dapps will be able to be created on the Kross Blockchain. The Kross Blockchain will have one of the fastest transaction speeds and scalability in the world. We believe that smart contracts will be more advanced in the waves platform and allow for the development of dapps on the platform. Also atomic swaps is crucial to krosscoins vision of a universal app monetization.
Due to these reasons, the kss-waves token is back on the Krosscoin project.
KSS-Waves had an original 1 billion max supply but now has 544,234,042.614 max supply. The remaining has been burned.
Our coming Kross Blockchain will have its own token KSS-Kross with a maximum supply of 21 million. An ICO at $2/KSS-Kross will be done with the KSS-Kross to raise funds for operations and further development. 10.5 million KSS-Kross will be offered in the ICO. If hard cap is reached through a private sale, then ICO will not be held.
Currently, we also have KSS-ETH with a max supply of 100 million.
3.6 million KSS are involved in token swaps worth $1m, more token swaps are on the way.
3 million KSS are in circulation
The KSS-ETH will have a total circulation of 10 million. And this 10 million circulation will swap with KSS-Kross at this rate:
4.8 KSS-ETH = 1 KSS-Kross.
Only the 10 million KSS-ETH in circulation will be part of this swap rate. And this swap event will commence immediately the Kross Blockchain is on mainnet and will happen till end of the KSS-Kross ICO or till when the hardcap is met.
After the ICO of KSS-Kross or hardcap met, the remaining 90 million KSS-ETH supply will swap with KSS-Kross at this rate:
90 KSS-ETH = 1 KSS-Kross.
Also after the ICO of KSS-Kross or hardcap met, KSS-waves will swap thus:
555 KSS-waves = 1 KSS-Kross
55 KSS-waves = 1 KSS-Eth
For now, KSS waves will swap with KSS-ETH at this rate:
555 KSS-Waves = 1 KSS-Eth
This is the swap rate till the Kross blockchain is on mainnet, after mainnet, KSS-Waves will swap to KSS-Eth at this rate:
55 KSS-Waves = 1 KSS-Eth.
This way all tokens of KSS Waves and all tokens of KSS-ETh will each swap with a total of 1 million KSS-Kross. There will be a limited allocation of KSS-Kross designed to accomodate any future krosscoin tokens created on any future relevant blockchain.
Our goal is flexibility, versatility, interoperability and mass adoption of the Kross Monetization API. This is crucial to our vision of being the largest ecosystem in the decentralized mobile app market, which is the future.
Thanks for your support so far.
Only the 10 million KSS-ETH in circulation will be part of this swap rate. And this swap event will commence immediately the Kross Blockchain is on mainnet and will happen till end of the KSS-Kross ICO or till when the hardcap is met.
After the ICO of KSS-Kross or hardcap met, the remaining 90 million KSS-ETH supply will swap with KSS-Kross at this rate:
90 KSS-ETH = 1 KSS-Kross.
Also after the ICO of KSS-Kross or hardcap met, KSS-waves will swap thus:
1000 KSS-waves = 1 KSS-Kross
100 KSS-waves = 1 KSS-Eth
For now, KSS waves will swap with KSS-ETH at this rate:
1000 KSS-Waves = 1 KSS-Eth
This is the swap rate till the Kross blockchain is on mainnet, after mainnet, KSS-Waves will swap to KSS-Eth at this rate:
100 KSS-Waves = 1 KSS-Eth.
This way all tokens of KSS Waves and all tokens of KSS-ETh will each swap with a total of 1 million KSS-Kross. There will be a limited allocation of KSS-Kross designed to accomodate any future krosscoin tokens created on any future relevant blockchain.
Our goal is flexibility, versatility, interoperability and mass adoption of the Kross Monetization API. This is crucial to our vision of being the largest ecosystem in the decentralized mobile app market, which is the future.
Thanks for your support so far. You are appreciated.
Efosa Ighodaro
Founder/CEO Krosscoin