RIC And Other Six COINS in One and Retendered
2018-01-25 11:14:17Read:90356
Dear Users:
Hello!
Previously, we have published "YBC,HLB,XCN,WDC,MEC and RIC, Six Coin in One and Retendered", it attracted a lot of users' attention.
However, the bidding process is not satisfactory. On the one hand, there is a lack of a practical team. Since the bidding period is exactly the hot stage of the market, the price of all kinds of Coins has increased obviously, and it is easier to make money and cash out of a coin project, which leads to the low willingness of various R&D Teams. For another, we don't want the Project to be illiquid. We want more platform support, so it will take some time to communicate.
In this regard, We don't want to sacrifice the quality of renovation to speed up the renovation. We had intended to terminate the tender and proceed to the immediate disposal, and we also stated in the announcement of the refurbishment bid that "We are not ensure that the plan has proper team implementation". However, the six currency holders have been paying close attention to the renovation plan. If renunciation is renounced, it will also be a shock to the holder. So we finally chose to continue to invest energy to complete the renovation.
Project Characteristics:
1. Over 10 years of development experience, the code comes from the technical expert of Graphene.
2. Excellent Blockchain application architecture, realize automatic dividend, asset mortgage, no charge transfer, asset alliance and other functions.
3. Multiple trading platform supported.
Project Details:
This Renovation Project is different from all the projects before. In the past, the Renovation Project was released after the announcement. However, before this announcement, the project has been quietly launched. The project is called "BitEthereum," or BITE. Already on AEX, ZB on the shelf trade at present. There are four other trading platforms in the pipeline, which will be launched gradually (the name of the platform will not be disclosed before the launch).
BITE Offical Webside:
https://www.bitethereum.io/BITE White Paper:
https://www.bitethereum.io/whitepaper/BitEthereum.pdfExchange Details:
Since the publication of this announcement, AEX has suspended the Transactions and Deposit functions of YBC, HLB, XCN, WDC, MEC and RIC, but retains Withdraw function until 24:00 on Jan 31, 2018 (GMT+8).
Exchange Rules:
During the period from Dec 24 to Jan 24, we will calculate the Average Transaction Price of YBC, HLB, XCN, WDC, MEC and RIC. We will choose the lowest price of BITE as the reference standard in the following three cases, and convert the old currency to BITE (with 20% bonus):
1. The Average Transaction Price of BITE on AEX and ZB(Average Transaction Price = Total Volume / Transaction volume) in past 30 days(From Jan 3 to Feb 1).
2. The Average Transaction Price of BITE on AEX and ZB(Average Transaction Price = Total Volume / Transaction volume) in past 7 days(From Jan 26 to Feb 1).
3. The Average Transaction Price of BITE on AEX and ZB(Average Transaction Price = Total Volume / Transaction volume) in past 3 days(From Jan 30 to Feb 1).
For example: The Average Transaction Price of RIC in the past 30 days is 5 CNY. And the price of BITE in the past 30 days is 2 CNY, in the past 7 days is 2 CNY, in the past 3 days is 1 CNY. We will choose 1 CNY as the standard of BITE. So each RIC can be exchanged for 5 BITE (and the bonus is 20%, so that you can get 6 BITE in total).
Exchange Times:
The system will automatically complete the exchange on Feb 1. It will be updated in this announcement. And the ratio of each of YBC, HLB, XCN, WDC, MEC and RIC to BITE, the number of positions and the number of users will be announced.
Q&A:
Q1.How can I participate in the renovation?
A: The system will complete the exchange on Feb 1. After the exchange, the BITE will be automatically sent to your account.
Q2. I don't want to participate in the renovation. How should I operate?
A: As long as you can transfer your digital assets to your personal wallet or other platforms before February 1, you will not participate in this renovation. The platform will not force users to participate in the renovation.
Q3.Will I make money after the renovation?
A: Not sure. In theory, it would be better, because it would replace an illiquid, unmaintainable project token with a currency that has liquidity and is maintained. But the market situation is determined by the buyers and sellers, the platform can not provide any guarantee. Please be careful.
Q4. My currency is not on the AEX platform, but in my personal wallet or other platform. Can I participate in the renovation?
A: If you are from our company platform withdraw before November 10, 2017 (effective quantity = withdraw quantity - deposit amount), then we will allow you to return the effective coin to the platform to participate in the renovation. Please contact customer service. The currency which does not meet the above requirements shall not be involved in the renovation.
Q5. Why did the renovation take so long?
A: I'm sorry, please read the previous article.
Q6. Why is the circulation of this renovation after the launch?
A: Before reaching consensus, this project has also been followed in the past. The team was named ChainBook and planned to develop it as an independent project. We believe that the liquidity of the project is very important. The project team also hopes to login to other trading platforms through bifurcation bitcoin and etheric. For example, holders of BTC and ETH positions on Poloniex and OKEX should also theoretically get BITE (if the platform is willing to send users). Will increase the number of currency holders to a new level. The distribution and circulation of this item is actually a common composite of bitcoin + ether square + 6 old COINS. As a result, the project team chose to take the first snapshot of bitcoin and etheric, and then distributed it to the holders of the six old COINS, hoping to greatly improve the user group of the project in this way.
Q7. Does my old coin still exist after the renovation?
A: Yes. Your old currency is still there. You can withdraw to your personal wallet.
We believe that the purpose of the refurbishment is to protect the users. And it is not the platform's obligation to endorse the currency itself. Because of the recovered of the unsecured currency that has lost its liquidity, to exchange the new currency which has R&D and application scenarios). If you do not agree to participate in this renovation, please withdraw your digital assets to your personal wallet or other platform before Feb 1.
AEX as the international Blockchain asset trading platform, we always pay attention to the development of various digital assets. Some Coins have gained very successful popularity and application, and some Coins have achieved very deep penetration in the technical field. However, some Coins are in trouble for various reasons.
At present, the six currencies are already very bleak. First of all, they lack technical personnel to maintain, the community is not active, the transaction data is relatively cold. Secondly, the blockchain of these six digital assets has also been broken, and the wallet cannot be properly connected and used. As a trading intermediary platform, AEX has no plans and obligations to guarantee the value of the block chain digital assets. But based on the healthy development of the industry, we hope to further promote the development of the industry.
We also know that refurbishment is a thankless task. It is easy to form a user kidnapping platform. Users have expected investment returns, and if the market value is not ideal, users can easily point the finger at the platform. In addition, any renovation plan can't satisfy everyone's expectations. as soon as the price higher, some users will produce more discontent that does not participate in the renovation, and hope the platform to renovates the currency they had holds.
Therefore, in order to avoid the deviation from the original intention of the platform operation, we will be cautious about the renovation model. It will be more inclined to the traditional practice of the industry, to carry out the unadded Coins directly. Thank you for your support.
Notice:
We are trying to maintain the healthy development of the industry. There is no commitment to the assets above, nor does it guarantee market prices. Please remain cautious.
AEX TEAM
Jan 24, 2018
link:
https://www.aex.com/page/news/notice/2018/0124/en_156.html
