I see that there's a token swap planned when SNTVT's mainnet is activated, but what happens to the swapped SNTVT once you get your VIAT swap?
Are the tokens completely burnt in the process or will we have SNTVT usable on the Ethereum network and VIAT usable on the Sentivate network?
Are the tokens completely burnt in the process or will we have SNTVT usable on the Ethereum network and VIAT usable on the Sentivate network?
The swap will occur when VIAT launches. Our main focus for the Sentivate launch is it's core systems as to enable hApp development early on. We want to make the decentralized portions for the web side of things more of a plug and play module than something developers need to worry about at all. Writing an hApp is easier than writing a normal web app. An issue we find with dApps is the extra knowledge required to write one. We want to make development easy and have made efforts at creating a reactive component based library that all web devs should be easily familiar with. The front-end lib is based on Ractive with several additions to interact with UDSP streams.
They will be burnt. It would be counter intuitive in terms of the swap to not liquidate the tokens during the swap. We hope to work with all involved exchanges in order to make the swap easy for those trading the token. Anyone who can prove they own a wallet holding SNTVT can send it to us it when we launch VIAT and we will guide them through the process. The idea is to make sure it's an easy and clean swap with nothing left behind. We see many flaws with the Ethereum network if it were intended to do what we are designing Sentivate to do. With that being said once we make the swap we will be leaving it entirely.