Quote from: Xaltotun on January 18, 2020, 03:41:15 PM

Quote from: CodaSiren on January 16, 2020, 05:54:15 PM

Kicking off 2020 with some big news, we just sent out the following email to our crowdfund donators:

Dear reader,
We are pleased to announce the kickoff of our hybrix token campaign! The campaign will start on a beautiful date: 02.02.2020!
As a gesture for donating to the Internet of Coins project the past few years, you are selected as the first to receive the hybrix HY placeholder token. This placeholder will be distributed on the Ethereum chain.

The hybrix token

The hybrix token (HY) is a token that lives on the Ethereum chain, Bitcoin chain, Ripple chain and all other compatible chains simultaneously. It is a true hybrid asset that can be beamed trustlessly across DLTs; a first in the world of blockchain and distributed ledger technologies.

Quote

"To solve the problem of interoperability, HY operates both within and on top of all these ledgers. It can hold and move value between multiple DLTs. HY is a second-level token protocol that can transact units of account on a single ledger, or over multiple ledger (e.g. blockchain) systems. Its transactions are stored on the DLT involved."
Excerpt from the Yellow Paper

How to receive the placeholder

On February 2, 2020 at 10:00 AM (CET) we will take a snapshot of all existing Internet of Coins wallets that contain XHY tokens on any of the seven chains these were initially distributed.

Make sure to check your balance using your original wallet credentials so you are ready to receive the placeholder.
After the snapshot has been taken, you will be notified the moment you have received the HY tokens according to snapshot data. We will also notify you as soon as HY becomes available on exchanges. This process takes some time, so please have some patience.

Best Regards,
Joachim de Koning
Founder of hybrix and Internet of Coins

Awesome news!

Will this be a 1:1 issuance of HY for the 900k HYBRID tokens on all 7 chains? Is this an exchange that replaces them all?

HY will be a placeholder token? What are the plans for the future of HY tokens?

Looking forward to the snapshot.

@Xaltotun
The HY tokens will be rewarded to the crowdfunders of IOC (Internet of Coins) as a 'token' of gratitude for their involvement in the original project. The HY token is a new token with a new idea. More info will be released later about the technicalities of the token, such as whitepaper, tokenomics etc. An executive summary can be viewed here as to the vision and idea behind the HY token
--> https://hybrix.io/docs/papers
HY will first be represented by a token placeholder on the Ethereum chain, like explained above here. What the token will look like and what it's behaviour will be will all become clear with the release of the above mentioned, whitepaper and tokenomics, so hang in there we'll keep you updated ;-)

short quote from the summary:
"HY strives to be the token to bind them all, championing interoperability by granting the freedom to transact on and with any DLT. HY operates on a second-level token protocol that can transact units of account on a single ledger, or between a vast number of DLTs."

cheers!