New Update 03.06.2019 totally the wrong direction if you ask me
ClubCoin Update
We continue to go back forth about the future of ClubCoin. This is sort of an internal battle we continue to have about what is best for the coin. On one hand we could easily convert all the tokens to the ETH blockchain, or Binance blockchain or any other chain to build on top of their platforms.
By doing this we will instantly be able to use the new wallets, security and the thought is we could potentially get support from more exchanges to list it.
However, on the other hand we have a very valuable blockchain that has 4 years of history and it's distributed across many nodes. We have one of the ONLY remaining proof of stake coins that is actually working.
There is HUGE value in continuing to run our own blockchain and to keep it running in its original form (especially when it comes to CoinPay).
So here is where we stand....
Right now we are working on a hard fork that needs to happen either way and depending on how the fork goes we will decide whether to keep the coin on its own blockchain and continue with new distributed nodes, or whether we tokenize it and move to another chain where we lose all control but gain some easy to use features and the benefits of a bigger chain.
One of the main reasons we have yet to make a decision is because a lot of the ERC20 tokens are now dead and the market is a lot smaller than we imagined. Most of the ICO's that were built on ETH are now either worthless or barley support so we are a little hesitant in making this move.
We also feel like ClubCoin is different! We distributed this coin in 2015 and we NEVER sold the coin so we don't fall under any of the security tokens law. There are not a lot of projects around today that are still running and if we can continue to support own blockchain then it can be extremely valuable for all of us.
Plus, if we can eventually use it as the base settlement token of CoinPay there is MASSIVE value in this token and keeping control over it will be important! So the future of ClubCoin is currently being debated and we plan to make a decision in the next few months after the fork.
Keep your eye out for a new version of the ClubCoin website with a new core wallet that you will be able to download after the fork is completed
Thanks for your patience while we sort this out.
yobit is the only exchange left to sell. price went to hell
maybe i will come back if there are some positive news but until then im out of clubcoin. its been a hell of a ride till today but thats it. im tired of bad news again and again. good luck for all of you guys
