Aero Community,Ok, these has been several ongoing discussions with regards to the ipo market being closed and things restored back to how they were pre IPO announcement.
The Bittrex team have been working on this as several issues which required their attention to ensure everything went according to our plans.
Now, the market has almost been closed and are carrying out final portion of this clean up task.
Coin-Swap. To ENSURE things are completely clear and EVERYONE understands what is required and how things will work i urge you all to ask me questions.
This is the basic formula/calculation for the coin-swap phase
Coins Swapped 7.2mil : 11.4mil (600k for Dev)
1:1.58333333 (Ratio)
aero: am
The actual time and date for the swap to begin is still a bit vague for a firm target window at the moment. I will however ensure you all have plenty of notice and nothing will come as a surprise.
All you have to do is have your Aero coins in a Bittrex account and swap over.
Remaining coinsDuring the coin-swap phase there
will be some coins which will be left remaining (un-swapped) These remaining coins will be held in a PUBLIC address which i will have access to.
These remaining coins will be held for late comers, for example for people who missed the swap date.
This is a fund, which depending on its size, we can all VOTE on its usage for projects outside of the scope of what the community can raise.
To be clear This is NOT my personal account this it the community fund.
For community goals which is decided by consensus after a thorough debate and period of discussion. A cooling off period can also be enforced if this is what we so agree to.
We can impliment any safe guards you guys can come up with to make you feel safe about any misuse or abuse of these funds
Transparency is key and I am open of suggestions on whats best
but to burn these coins just doesn't make sense when they can be put to good use for any future problems.
Any coins which have matured whilst held in the community fund will also be made public and used in accordance with the community's wishes.
But to be even more clear I will not accept this fund to be used for any "Direct" market stimulation ideas or something which gives an unfair advantage over natural market forces.
I was thinking in terms of PR/Tipbot/Marketing/etc. AND NOT in terms of price manipulation etc.
This is your fund and is to be used on future work which you see fit and will not be spent without following the proper procedures mentioned previously.
Important NotesAfter the coin-swap cut-off date has passed we will leave the Aero chain running for 30 days.. After that 30-day period we kill the Aero blockchain
Please feel free to ask questions on specific point which I may not have been made clear enough.
Im here to help make sure you all understand the process, when its best for you to do certain things (if any)
I will gladly explain specific points you require more details about to make sure everything runs smooth and you are all happy.
Again, im still trying my best to put things right; with you the Aero Community!
Respectfully,
Majika
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