Donovan — Today at 3:19 AM
Hi @everyone
The past couple of months, our team has shown motivation and dedication towards learning and documenting our technology. As someone who studied the technology for years, I can tell you it isn’t an easy job. Our technologies rely on each other, the PoSign technology wouldn’t be achievable without the unique network structure, whereas our chain relies on PoSign for validation. They complement and strengthen each other.
All this hard work has led up to this moment, where we have our technology completely documented. We are very proud of these documents, containing infographics, text and beautiful artwork.
What has also been on the round table of the management team for a while now, is the ratio for the merger. We’ve gone over many possibilities with the team and our financial adviser. We’ve chosen to lock the ratio on 1:1 with our team and the community in mind. This means that XBY and XFUEL will both be swapped for the same amount of coins in the merger.
The percentage of coins reserved for the swap in the new chain hasn’t been locked, we’ll be going through investor rounds before locking the final coin economics.
The last item on the agenda, is our development plan. We’re currently working on this, after which the seed investor round is one of the next big things on the agenda.
Xtrabytes