Hello Community,
It's great that the thread is getting active. I had written an earlier post on how certain circumstances could not push the development of this project.
We envisioned some of the smartest protocols such as SFRDirect which was supposed to help create smart tokens easily before the launch of turing complete blockchains. We had also proposed the biggest feature of all- ORION (Interoperability of Blockchains). This is the biggest trend in crypto today. We were years ahead in our technological vision for the industry.
The good news is that Saffroncoin is in the process of pursuing its earlier vision. The "coin" is dropped and the project is rebranded as "Saffron".
Giving a gist of the platform, it will be a smart blockchain, focused only on payments and decentralised exchanges of tokens using our underlying technology - Orion which will be built using Cosmos.
Someone pointed out that we have newly registered this company. That's true. We are in the process of securing a strong development team and funding.
In short, Saffron will be the "Consensys" for all payment-related applications.
We are working out on a mechanism on how to swap the existing Saffroncoins to the new Saffron tokens.
There is no ICO bullshit but we might end up doing an IEO(maybe).
We hope once Indian regulations come by, Saffron will be the primary crypto for payments in India and neighbouring countries.
One thing to note, Saffron in no way will compete with other cryptos to become the next bitcoin or ethereum. That kind of language will not be spoken by our team. We believe there is enough space in the ecosystem for innovation and we provide a niche solution to a specific problem.
Token of appreciation to those that stuck around, exciting times ahead.
I'll be keeping you all updated.
Cheers
In this case there is no need to mine this coin using the old codes?, just hold on to our dear saffroncoin and wait for the swap of new tokens?.
I'm planning to setup a mining poll and nodes but I lost all my notes on my hard drives.