Post
Topic
Board Announcements (Altcoins)
Re: ANN - LEOcoin - Official LEOcoin thread (moderated by LEOcoin Foundation)
by
LEOcoin Foundation
on 23/05/2019, 10:33:49 UTC
Thank you for your quick reply.

The more I investigate ECR20 tokens, the more I am wondering if it is a good idea to dump the current LeoCoin blockchain.

Is there any forum etc where this is dicussed by Leocoin holders? I couldn't find anything.

And how will this move be decided? Shouldn't the Leocoin holders decide it? Will there be a blockchain vote?

Best wishes

The LEOcoin Blockchain is not dumped. It is working and if anyone would wish to continue the old chain, that is certainly possible. As the community is not donating, or adding technical assistance that much, being on the Ethereum blockchain has certain advantages, as it means that the first layer of network security, blockchain confirmations and supporting distributed nodes is already established. Why twice invent the wheel?

There has been no blockchain vote, but the plans have been made public by the LEOcoin Foundation a very long time in advance. No objections have reached us, the major concern was if a staking reward would be offered and with the upcoming LEOcoin Holder's Reward, something similar will be offered.

As the transition from the old to the new ledger is already on its way, the move is no longer an option. The board of the Foundation - and I - are in regular contact with large LEOcoin holders, so if there would be disconsent, we have not heard about it. As LEO probably manages a majority of the LEOcoin on their own internal platform, a vote would probably not make much sense. Many of the smaller holders are not very interested in the technological side anyway; they just want to be able to trade, stake and keep LEOcoin. And that they can do on the Ethereum chain without any restrictions.