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Author Topic: [ANN] Snowballs | ONE MORE HARD FORK to BALLS 2.0.2 | BALLS/MMXIV Market OPEN  (Read 257464 times)
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Pab
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April 18, 2015, 10:07:22 PM
 #3641

How long time i need to wait for balls withdraw from btcpool
already few houres and nothing ,only 1,5mln coins

 
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April 19, 2015, 01:43:34 AM
 #3642

It will be:


(10k / (a / 2)) = b

10k * b = c

(BALLS / (a / 2)) = d

BALLS * d = e


The total supply of the merged chain will be a, or c + e. The exact ratio of the swap will be unknown until deposits are closed. It's not going to be a flat rate; half the coins on the new chain are going to BALLS and half are going to 10k, regardless of the amount that are turned in. If less people swap over, each piece of the pie is worth more

EVERY SINGLE COIN ON THE NEW CHAIN WILL BE SWAPPED AT ONE TIME. THERE ARE NO EXTRA COINS AT ALL

As far as I understood 'a' is the total amount of new coins / pie and c+e will be my piece of the pie, is that correct?

Also, why do you say total supply of the merged chain will be a, or c + e, why both?
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April 19, 2015, 05:48:38 AM
 #3643

I might have written it wrong, I don't know, but it'll make sense when I write it out in words

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April 19, 2015, 09:36:51 PM
 #3644

Quick update for those of you that have open tickets on btcpool.exchange. I think we've worked out a good solution, which excites me for the future on the partnership between btcpool and GorillaStake

Fairly soon, a new exchange will be launching, GorillaEx, which I talked a bit about earlier, but will give more details of shortly. It will be run by those operating btcpool currently, which is why things have been a bit slow there; I've torn him away to work on something new. We will be doing the coin swap on GorillaEx when the time comes to merge 10k and BALLS. The ratio will be unknown until the amount of coins traded in is known; the amount issued per half has already been decided

Anyone with an open ticket on btcpool.exchange for a withdraw of either 10k or BALLS will find their balance intact, and swapped, once the new chain is live. Instead of processing tickets individually for all the withdraw issues, they will be swapped automatically to the new exchange and blockchain for you. You will be able to immediately withdraw on the new network, just like everyone sending them there manually

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April 19, 2015, 10:05:58 PM
 #3645

Ok if you have 10K or BALL on BTCPOOL.EXCHANGE
This is what will happen

1   Your account will be transferred to the new GorillaEx
2   Your 10k and your BALLS will also be transferred at the same time
3   We will tell you when you can login to your account on the new exchange.  (if you have 2fa on your account this will be disabled for the transfer)
4   You will need to go to deposits page and get a new deposit address
5   We will give the total of 10k / BALLS in both wallets to SPOTS.
he will tell us the ratio to use so
50k TEETH have to be split between all the 10k deposited
50k TEETH have to be split between all the balls deposited

6   We will then transfer the new coins into your TEETH account.
7   Job done

I will post more information soon.
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April 19, 2015, 10:31:57 PM
 #3646

My coins are in my wallet what will I need to do?? Jus transfer to gstake when spots let's us know on here?? Thanks

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April 19, 2015, 11:43:16 PM
 #3647

Do you have a date and time and a location where the coins must be, so that everyone can make sure their coins are timely in the right place for the swop.
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April 20, 2015, 01:59:47 AM
 #3648

All the info I've posted so far about the merge is here: http://www.gorillastake.com/media.html

Going to try keeping this page up to date with the newest information

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April 20, 2015, 03:39:36 AM
Last edit: April 20, 2015, 06:11:03 AM by iGotSpots
 #3649

We're gonna move all future discussion related to both 10k and BALLS to the future GorillaTeeth thread: https://bitcointalk.org/index.php?topic=1032348

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