If you missed the announcement yesterday on our Reddit and Telegram SureRemit communities. We will halt trading of the Old RMT today, June 21, 2018 (See announcement below).

STOP of trading OLD RMT:

To stop the trading of the ‘old’ RMT, StellarTerm will disable the creation of offers (Buy & Sell) on Thursday 21st of June 2018. An exact time is not given due to technical implementation. Current offers will remain active until they are filled or cancelled. Delisting the ‘old’ RMT will happen at a later stage. Please resume trading with the ‘new’ RMT. The token swap methods remain unchanged.

The importance of halting the ‘Old’ RMT trading:

The current situation is bad ‘tokenomics’. The token value is spread over 2 tokens: the old and the new RMT token. As a consequence the volume is split over both tokens and both tokens are subject to market manipulation. This affects price development and organic growth of volume and price of the new RMT token. The ‘old’ RMT has no use in the SureRemit app when it’s released. Therefore there is no utility for this token anymore. Halting trading of the ‘old’ RMT will support the swap process, as people now will have to swap their old tokens instead of selling ‘old’ RMT and buying new RMT.

What next?

The New RMT token swap is still ongoing and will be available for a long while. Old RMT tokens will be of no use and will no longer be trade-able on exchanges, hence, the need to swap the old RMT tokens as soon as possible.

To swap Old RMT visit swap.sureremit.co

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