Balance Snapshots: Test Asset and Live Asset

This update comes with two critical dates, as we will be executing a snapshot and distribution with a test asset first, and then with the re-issued asset shortly thereafter. These snapshots will take place at specific block heights on the Waves blockchain, but the approximate dates to look out for are:

January 18, 2020

8:00am UTC: Test Asset Snapshot — MVTKS Test

8:00pm UTC: Test Asset Distribution — MVTKS Test

February 18, 2020

8:00am UTC: Tokes Re-issued Asset Snapshot — Tokes (TKS)

8:00pm UTC: Tokes Re-issued Asset Distribution — Tokes (TKS)

It is critical that you don’t make any transactions purchasing legacy tokes (asset ID: BDMRyZsmDZpgKhdM7fUTknKcUbVVkDpMcqEj31PUzjMy) after the live balance snapshot on February 18, 2020, as you will not receive credit for any change in balance after the event. We are currently coordinating with the Waves team to deprecate our old asset ID and disable trading on the DEX in advance of the snapshot window, but as always, please be diligent.

As discussed in prior posts, legacy (existing) token holders are receiving a bonus on any tokes held in a Tokes Mobile, Waves.Exchange, or other non-centralized exchange wallet that supports Waves assets. That bonus is equivalent to 25%, amplifying the the twenty times (20x) multiplier in base holdings to account for our equivalent increase in token supply in this new issuance. For example, a wallet with a balance of 1,000 TKS pre-snapshot will receive 25,000 TKS in the post-snapshot distribution.

We hope you’ll participate in confirming balance distributions of the “MVTKS Test” token, and subsequent Tokes (2.0) token. Should you need support with your distributions, please reach out to support@multichain.ventures.