Yes hello
This is still moving forward - as you can imagine there are quite the amount of details and variables to go over before launching the new coin. Especially since we want to make it "fair" for the old coin holders - and on top of that we need to solve the issue of the old scammer fat dev gaining any value within the new coin with his pre-mine stock.
We have put together some options on how this will work and I am reviewing them.
For starts it looks like we will make a whole new coin on the fresh algorithm. The coin will be called "FRESH CAC" (kind of makes sense in many ways
For the trade in from old cac to new cac we have done some complex mathematical stuffs and determined how much the old fat scammer DEV would have owned and how much would have been truly mined by the users.
We propose this:
1. Old CAC to FRESH CAC claims can only be done ONCE per user - so you will need to send all your old CAC to one address and claim you own it.
2. The username and the amount of old CAC owned must be submitted to a google spread sheet that will be made public (we want to be transparent)
3. The new Fresh CAC team will generate an old CAC address for you - and bind it to your name
4. You send your OLD CAC to the old CAC address we create for you. The total must match what you stated in step 2. (an escrow service can be used in the event you do not trust us and think we plan on running off with your old useless CAC (which would be pointless on our behalf)
5. We will update the spreadsheet stating you submitted your old CAC and the transfer to new CAC is in progress.
6. We will create a FRESH CAC address for you and credit your FRESH CAC address with the % of old CAC you owned within the old CAC coin supply.
7. We will supply you with the FRESH CAC private key to claim your new FRESH CAC
8. You will transfer the new FRESH CAC to a new address that only you control.
9. We inform the exchanges FRESH CAC to take place of OLD CAC on X date (x being a date we have yet to decide)
10. We celebrate New CACs and let the old scammer fat DEV die with old CACs in his hand.
We are still looking at ways to prevent the old fat scammer dev from exchanging his old cac he is holding in his hands to the new fresh cac... although with some calculations and "observant" features between the pool operators and other high end investors we can roughly calculate how much CAC regular users would have owned and how much scammer dev holding old cac would have owned. It will be hard for him to gain large shares into new CAC.
This is where we are at - thank you for sticking with us.
