PSA: I would wait to redeem you old swarm tokens.
I thinking someone had insider information and try to get us to "burn them for cheap to CoinProLite (CPL)www.swarm.fund/whitepaper We are able to redeem our old swarm token for $0.10 into the new swarm project.
https://docs.google.com/document/d/1aTI7i-GkvxBWT3YUU4vGpUcAF2D21yzz4lF52GxFqrI/editaccording to page 17
Swarm 1.0 Redemption (reserve)
In a previous iteration of Swarm in 2014 (see appendix for more details), 24% of the previous token offering has been sold via a counterparty asset. In this new offering we have included to allow these previous tokens to be redeemable at $0.10 each and swapped into the new SWARM ERC20 token at the curren t rate. This process will be operated in the same way STORJ conducted their redemption process and we we will be partnering with the STORJ team to use their platform and processes developed for this purpose.
Ok if it's really like that I will eat my words. However, I would have expected a bit more communication from the team instead of having to find out about all this through other people. And of course, I'm not so sure this will lift off after how the first venture was managed.
I'm gonna clear this up real quick! I did not nor do not have any inside information pertaining to SWARM. My offer at the time was genuine and in no way was trying to get SWARM on the cheap. In fact, the offer was designed to give you more CPL than SWARM - 1:2 - during the swap/burn ICO.
That said, here's our new offer: WE WILL NOT BE ACCEPTING SWARM TOKENS DURING OUR ICO.
Feel free to try to get us to reconsider.
Bruno (Chinese name: Luŏ Xióng; 裸熊)
