Everyone, sorry for not getting in here sooner and updating the thread and I apologize to the people who have PMed me here as well. In brief, there will be a coin swap from our own blockchain to Ubiq tokens, the details of which will be forthcoming soon once we coordinate all the details with everyone involved in the process.
The network is still running along pretty smoothly and you should be able to open your wallet and stake without problems - just make sure you're using the current (May 2016 update) version 2.0 which you can download from
https://bitseeds.org/If you have any problems connecting try adding the following two lines to your bitseeds.conf file:
addnode=104.131.118.19:3001
addnode=98.151.105.228
and that should get you connections. If anyone else has nodes to suggest, feel free to post them here.
There will also be an ICO happening with all proceeds going to the Rainforest Foundation. The exact amount of BitSeeds we're offering hasn't been settled on, but it looks like it will be roughly 60% of the current circulating coins which should help improve distribution a lot.
All coins being sold are coming from staked funds from project wallets and not from the original (still untouched) premine. The premine will be locked into a smart contract and most likely will be used to mint new coins at a low annual inflation rate -- much lower than the original 10% -- since staking and mining will no longer be an option as a Ubiq token.
The goal here is to fund the Rainforest Foundation without flooding the market with a vast ton of new coins, and to bring in as much money as possible for the RF while still looking out for the needs of all current BitSeeds holders. Once all the details have been worked out, I'll be posting more specifics, but we're *probably* looking at an August or September timeframe. I'll keep you posted. Thanks for your patience!
Great to see the project still alive however, If an ICO will be taking place (meaning new coins entering the market) I think you need to appropriate more coins to the coin supporters who have held through the thick and (mostly) thin so that they can retain value in their holdings