When the coin enters a stock exchange Poloniex,Bittrex,Yobit,C-cex,Novaexchange etc..
The request to add STAX was made with the exchanges but it takes time I am not the only one who has to ask
On nova sa should not be late it is on nova that should be done swap with the old coin
I would also like it to be done quickly
Hi Dev,
I have a couple of questions regarding the coin swap. When it does happen how are you going to distribute the coins in the swap?
Since the old STAX and the new STAX both have different available coins in circulation (and total minted), to me this would be troublesome and maybe unfair if 1:1. What would stop me buying all the old STAX at a very very cheap price and swapping this coin for the new and theortically more valuable coin? That would be a quick easy profit, one in which I have contemplated and personally believe would destroy the new STAX as a massive dump would be eminent, because if I executed this plan I would do just that. I may not be the only one who has thought of this.Who says I haven't already done this or someone else has?
I have calculated the costs of mining the new STAX and comparing to the price of the old STAX and the 1:1 coin swap I believe would be unfair to the community as someone will end up dumping to gain a significant profit.
The available coins on the market may also be an issue. There are more of the old STAX compared to the new, if I'm not mistaken? Please correct me if I'm wrong. What if someone wanted to swap a massive amount, is there enough coins free with the new STAX?
If someone did acquire all the old STAX, swapped the coin then dumped that would upset the miners of the new STAX as you just made their mining worthless with the coin (price plummets). How would one keep the miners happy?
I am only trying to protect STAX from a death with a coin dump and tbh my investment from mining STAX. If I have misunderstood something or someone disagrees please do reply.
EDIT: I do have an amount of old STAX I recently purchased that costs significantly less than the same amount I spent on mining the new STAX...That seems really unfair to the community of miners. My assumption is based on 1:1 coin swap.