Dear Leocoin Foundation,
Dan+Mahir said recently in a GAM, that the new POS mechanism will offer a reward for Leo members. A very interesting idea.
How does that work ?
And who will fix the details ? Leo Corp. or the Foundation ?
Best wishes
The LEOcoin Foundation has the task to promote the development and the use of LEOcoin. The LEOcoin Foundation does so, by using the funds that have been donated for this purpose. How LEO Ltd. will use this in detail, is their call.
With regard to the upcoming migration to the Ethereum network, we work on several issues now. First, will be the 'stake' issue, then as we know, for now Ether is still a POW coin. Secondly, there is the actual migration itself, which is in a way easier for us, as we have gathered experience when we migrated LEO1 to the LEO2 chain last year. The migration from LEO2 (current chain) to LEO3 (Ethereum chain) will be different though, as this time, it is not our own chain, but we need to merge into an existing network as a token. Thirdly, there is the work that needs to be done with regard to informing our community and the trading places. This will also include updating them with new trading pairs, like LEO/ETH, etc..
How LEO Ltd. will reward their members in detail, is, as said, their call and I cannot speak for LEO corp., so please ask their support team or uplines for more info on that.
As soon as I have more updates with regard to any relevant topic, I will post it here, as usual.
UPDATEOur development team expects to launch the LEOcoin³ within 6 weeks, but likely December - more following soon.