Kicking off 2020 with some big news, we just sent out the following email to our crowdfund donators:
Dear reader,
We are pleased to announce the kickoff of our hybrix token campaign! The campaign will start on a beautiful date:
02.02.2020!
As a gesture for donating to the Internet of Coins project the past few years,
you are selected as the first to receive the hybrix HY placeholder token. This placeholder will be distributed on
the Ethereum chain.
The hybrix token
The
hybrix token (HY) is a token that lives on the Ethereum chain, Bitcoin chain, Ripple chain and all other compatible chains simultaneously. It is a true hybrid asset that can be beamed trustlessly across DLTs; a first in the world of blockchain and distributed ledger technologies.
"To solve the problem of interoperability, HY operates both within and on top of all these ledgers. It can hold and move value between multiple DLTs. HY is a second-level token protocol that can transact units of account on a single ledger, or over multiple ledger (e.g. blockchain) systems. Its transactions are stored on the DLT involved."
—Excerpt from the Yellow Paper
How to receive the placeholder
On
February 2, 2020 at 10:00 AM (CET) we will take a snapshot of all existing Internet of Coins wallets that contain XHY tokens on any of the seven chains these were initially distributed.
Make sure to check your balance using your
original wallet credentials so you are ready to receive the placeholder.
After the snapshot has been taken, you will be notified the moment you have received the HY tokens according to snapshot data. We will also notify you as soon as HY becomes available on exchanges. This process takes some time, so please have some patience.
Best Regards,
Joachim de Koning
Founder of hybrix and Internet of Coins
Is there any news about when the HY place holder token will be distributed at the ETH network to the holders of XHY?
Will XHY be replaced by this new token at ETH?
One coin on different blockchain sounds interesting.
Thanks for supporting IOC in the past and now being interested in hybrix and the new HY token! really appreciate it :-)
hybrix is in the process of developing a new token and protocol called HY, the one you're referencing.
This will be an exciting step into the future of interoperability for us and the community.
We aim to take the interoperability vision a step further and make use of a vast number, if not most of the existing DLTs with their
already awesome infrastructure and securities. We aim to be the water connecting the shores of these crypto havens.
HY will be living on a second level protocol that can transact units of account (ie. value) within a particular
ledger and between distinct ledgers. This way we want to supply you, the user, with the tools to make use of this
crypto world on whatever chain you like. This gives you the freedom to transact, how and where you like :-)
Since you had the courage, and also trust in us as a project right from the beginning,
we want you to grow with us into the future we hope to achieve. That’s why we're giving HY tokens to the
crowdfunders as a ‘token’ of appreciation and gratitude!
For this reason the snapshot has been made on
February the second this year.
The distribution of the token will be at a later time which will be announced via email
and the appropriate channels. We will keep you updated on here as well, and we'll also create a new thread for the HY token, I'll let you guys know!
The IOC token will still live on next HY on the ETH chain, although seeing what we have in store for the hybrix HY token, it will dwarf the old token in terms of capabilities and scope!
