Post
Topic
Board Announcements (Altcoins)
Re: ★ ZEIT ★ [COMMUNITY & KNIGHTS] [ULTRA LOW INFLATION] [MICRO-PAYMENTS]
by
ZEITCOIN
on 07/10/2020, 19:10:11 UTC
Ok, I get it that you couldn't leave the swap open indefinitely but according to their last update... https://www.grantthornton.co.nz/Update-for-Cryptopia-account-holders-18-September-2020/... a claim portal will be available by the end of this year.

You can monitor cryptopia's main zeitcoin wallet here.
https://chainz.cryptoid.info/zeit/address.dws?647902.htm

As you can see it has been 1 year 9 months since last it was accessed.
This is in direct conflict, to statements GrantThornton have made ,
where they claimed all coins were moved to secure wallets after the hack.
The block explorer does not lie, no zeitcoins were ever moved after the hack occurred.

The swap to a new coin, is an opportunity for a fresh start for many users here.
It will be directly to correct issues that plagued the old coin.

Major issue
1.  Too large a supply, this made keeping a bitcoin market impossible,
     Their will be a massive reverse split ratio between the old coin and new coin.
     New coin will be able to maintain bitcoin markets easily.

2.  Complaints of slow syncing, reasons for this is the 30 second block speed,
     New coin block speed will be 2 minute and have Improved Syncing Technology over old coin.
     Blockchain snapshots will never be needed for the new coin.

3.  Old coin had to implement an ultra low interest rate , to offset the overly large initial supply.
     New coin will be able to implement a permanent fixed 5% interest rate.