POS coins up for BARR burns
KEY – 0 coins burned out of 945,787 – 0% of total KEY supply
XAI – 0 coins burned out of 684,468 – 0% of total XAI supply
INSTRUCTIONS AND RULES FOR BURNING YOUR ALTCOINS IN EXCHANGE FOR BARR
Step #1: Before sending your coins to the burn address, make sure you're burning one of the coins accepted during the current burn period.
Step #2: Before you burn your coins, message us at Bitcointalk and tell us which coin you're burning, how many coins, and your NXT address. (If your NXT account has never received a transaction before, also include your Public Key)
Step #3: After you have burned your altcoins, message us again with a copy of your previous message, and add the transaction ID of your send to the burn address.
This allows us to verify on the blockchain that you have actually sent that amount of coins to the burn address.
Telling us before you do it will prevent anyone else from watching transactions and claiming that your burned coins came from them.
There is no way to prove who sent an unclaimed transaction, and any disputed or unclaimed burn transactions may not be redeemed if we cannot determine who burned the coins. So message us and claim your coins before you send them.
If you split your coins into multiple smaller transaction IDs, we will wait until all transactions arrive at the burn address and verify that they add up to the total amount you had requested.
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Anyone attempting to pass a fake transaction ID or previously used transaction ID will have their bitcointalk account and NXT account permanently banned from participating in all future BARR altcoin redemptions.
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The initial burn period may require a minimum exchange of 50 BARR per transaction, to reduce spam and because each transfer costs us 1 NXT. That means you must burn a minimum of 100 FRAC, 100 KEY, or 66 XAI.
Newbie Bitcointalk accounts may be held to a minimum of 500 BARR, to prevent spam from sockpuppet accounts.
The minimum may be reduced for future burn periods according to the difficulty, or it may be waived on an individual basis if spam is not a significant problem.
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We will strictly enforce the cutoff of the burn period at one minute before Midnight, 11:59PM or 23:59 UTC/Greenwich Mean Time on the final day of the burn period. (That's 7:59PM in New York during the summer, and 6:59PM in New York if it's winter.)
If you have not sent us the txid showing your send to the burn address by 23:59 UTC, you will not receive BARR.
We will attempt to maintain buywalls on exchanges through the end of the burn period, and any coins sold to us after 23:59 UTC will be burned for BARR and that BARR will be re-burned by sending it back to the burn fund.
If our buywalls are depleted before midnight on the final day of the burn period, and you are able to buy a million billion coins for 1 satoshi, we will honor them at the set rate of BARR if you send them by 23:59 UTC – but one minute later and you will get nothing.
So please stop buying the altcoins well in advance of midnight, and do not burn any coins after 11:59PM unless you consider it a donation. Because we’re serious about the cutoff.
