We have decided on the Snapshot block. It will be the 303777th block.
So after the snapshot block any
transactions will be deemed invalid. The reward structure however will be the same as we already have many coins in circulation.
The CoinSwap date will be announced when we hit the Snapshot block. Below mentioned are the protocols and info on basic guidelines.
What is Coinswap ?
When a blockchain ports their existing tokens/coins to another blockchain, it is termed as a Coinswap.
As the coins on the initial blockchain may be incompatible with the new one, it becomes necessary to initiate a swap to carry users from the old blockchain to the new one. New coin issuance to the old coin ratio will be decided by the developers. In our case, it will be 1:1.
Why the need for a Coinswap ?
The current blockchain has some irregularities which prevents us to function our DEX project smoothly. So considering the priority, we have agreed to move on to a secure codebase which will be flawless.
The new coin will have the same value and properties, furthermore, the Total Supply won’t be touched, so it’s totally safe for the market.
So assuming Dave has 100 DEV, he will receive 100(new)DEV. Once the new DEV blockchain is deployed, we’ll announce the github link to official wallets in all our media channels. Step by step guide will be prepared by our official website as the date approaches.
How do we achieve the Coinswap ?
We have zeroed in on a telegram bot for the coinswap.
It contains detailed steps which makes it easy for a layman to do the swap without any hassles. New wallets will be provided which can be installed by the same PC which hosts the old wallet as well.
What should the User do?
Combine all your DEV coins inone single address (Includesmultiple masternodes andstaking wallets as well) beforesnapshot block of 303777commences.
Install the new wallet which will be provided by the team.
Keep the old wallet copy (2.1.0) as well.
During the swap procedure, input your old wallet address which will be checked by the bot for validity on the blockchain. When prompted for the new address, generate a new address from the new wallet and input the same.
Tutorial on combining Inputs
Below mentioned is a video for recombining inputs on the current scenario before the snapshot block commences.
We also have another guide in form of a detailed document. Below mentioned is the link for it.
What not to do?
Do remember that the Admins will not ask for your information
nor will anyone from the team. Please do not request any support
via PM nor provide any.
Do not trade /buy coins of anyone.
Do not swap coins for a third party. We will not be responsible if you lose your coins through a third party. We have not endorsed any service other than those announced through our official channels to perform coinswap.
Do not swap coins from multiple addresses. Use one address per user.