Quote from: exclusivecoin on January 08, 2016, 12:14:45 AM

UPDATES ON EXCL

Why fork/update of EXCL delayed?
There is 2 reasons and both are external.
Cryptsy has issues, and its our #1 exchange. Yet we cannot wait for them to fix their issues. Swap was supossed to be done on Cryptsy and Bittrex (we will be doing 1:10 swap) but seems Cryptsy may take too long to get on their feet.
Banx.io has issues, the newset post about this is here: http://coinjournal.net/banx-three-months-later-no-bitshares-integration-less-than-1-sold-network-is-down/

So while we wanted to do best for EXCL the 3rd parties got into trouble and slowed us down.

That is why we will fork (or rather restart blockchain) now. We will need 3rd party on this and it will be Bittrex.
We cannot do it with hands and coding a system would take too much money.

So what will happen is:
- All users should move EXCL to bittrex by the date we will soon release [not more than 2 weeks].
- All nonmoved coins from current blockchain will go to devs [since me as a dev wont be moving coins to exchanges at all]
- All coins will go to 1:10. So 10 EXCL will be 1 EXCL after fork.
- We will have Masternodes, and they will require 5k or 10k EXCL [we are still counting]
- Coin will be in full PoS mode, its planned for MN to be 0.5 EXCL and PoS to be 0.5 too.
- We will enter Cryptopia for goods sales as our external market has to wait.
- More planned but im not saying until deal is DONE, not just somebody stacks his name. Seems this days brands can fail no mattr what.

HOOoooold on! Let's take a deep breath and review what's going on here:
1) the original dev created a new coin sold exclusively on Banx.io (Atomic-Trade at the time) and got money from users there. Isn't that why it was called "Exclusive" coin in the first place?
2) There are NO issues with Banx.io affecting excl trading apart from low volume. Low volume likely due to the coin dev dumping his coins on other exchanges instead of working to develop business on Banx.
3) Now there's a new "plan" where not only it's moving to full PoS (so big holders - like kingscrown) get a extra boost on their value but the original investors (from Banx) don't even own anything anymore?

Were you even going to warn Banx/A-T users that you're taking it all away?

Fixing the coin is a good idea, but why set yourself up as a kingscrown-level scammer by changing the rules of the game?

Hullabaloo

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