Fantum



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Sr. MemberActivity: 420Merit: 250 Re: [ANN] MonetaryUnit [MUE] Quark based - Migrating to X11 & MasterNodes June 2017 June 25, 2017, 05:12:51 PM #3001 Coin swaps always confuse me a little. Are you supposed to sell your old mue after the swap. I would assume the old mue coin will be gone off bittrex, replaced by the new one. Seems strange people are dumping mue right now just as the swap is happening, do they not know about it, or traders just bought low knowing people would be buying it up for the swap, now dumping while it's high? Anyone with swap experience can comment on this?

Zer0Sum



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LegendaryActivity: 1590Merit: 1000 Re: [ANN] MonetaryUnit [MUE] Quark based - Migrating to X11 & MasterNodes June 2017 June 25, 2017, 08:52:23 PM #3011 Quote from: Fantum on June 25, 2017, 05:12:51 PM Coin swaps always confuse me a little. Are you supposed to sell your old mue after the swap. I would assume the old mue coin will be gone off bittrex, replaced by the new one. Seems strange people are dumping mue right now just as the swap is happening, do they not know about it, or traders just bought low knowing people would be buying it up for the swap, now dumping while it's high? Anyone with swap experience can comment on this?



Yes, MUE seems to be trading continuously on Bittrex... so it must effectively be the X11 token.

Tokens don't need to be "replaced".... they are just mapped to a new blockchain... and new ones are mined with a different algo.



Please correct me if I'm wrong. Yes, MUE seems to be trading continuously on Bittrex... so it must effectively be the X11 token.Tokens don't need to be "replaced".... they are just mapped to a new blockchain... and new ones are mined with a different algo.Please correct me if I'm wrong.

not.you



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LegendaryActivity: 1728Merit: 1018 Re: [ANN] MonetaryUnit [MUE] Quark based - Migrating to X11 & MasterNodes June 2017 June 26, 2017, 01:01:24 AM #3017 I know other coins have switched algos before but I guess I am little confused here. Why are we switching chains? It sounds like the devs have a bunch of coins on the x11 chain and they are going to swap those for coins on the quark chain but that begs the question, how many coins do the devs have on the x11 chain and why do they have them at all? This whole thing seems to imply a private x11 chain that only the devs have access to where coins are being generated in secret. Historically that does not go down well in the crypto world. What am I missing about this swap deal?

The_Prof



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Sr. MemberActivity: 329Merit: 250 Re: [ANN] MonetaryUnit [MUE] Quark based - Migrating to X11 & MasterNodes June 2017 June 26, 2017, 02:47:51 AM #3018 Quote from: IMJim on June 26, 2017, 12:02:38 AM Dang, I just got notification of this swap a few hours ago. Weird but it looks like the post from cryptocurrencytalk posted after the swap was over or something. Wallet's still 21 weeks behind to send coins anyhow lol.



What will be the process for those of us clowns that missed all the fun here?



That was my bad, I only thought about CCT at the last minute... Very last minute so my apologies. All coins will be swapped on a 1 to 1 basis. The coins not on Bittrex or Mymue will be swapped individually at a later stage. There is going to be 2 months or so for people to swap coins in the hope that everyone gets changed over. The rest will be burned. That was my bad, I only thought about CCT at the last minute... Very last minute so my apologies. All coins will be swapped on a 1 to 1 basis. The coins not on Bittrex or Mymue will be swapped individually at a later stage. There is going to be 2 months or so for people to swap coins in the hope that everyone gets changed over. The rest will be burned. Look over there...

The_Prof



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Sr. MemberActivity: 329Merit: 250 Re: [ANN] MonetaryUnit [MUE] Quark based - Migrating to X11 & MasterNodes June 2017 June 26, 2017, 02:52:53 AM #3019 Quote from: not.you on June 26, 2017, 01:01:24 AM I know other coins have switched algos before but I guess I am little confused here. Why are we switching chains? It sounds like the devs have a bunch of coins on the x11 chain and they are going to swap those for coins on the quark chain but that begs the question, how many coins do the devs have on the x11 chain and why do they have them at all? This whole thing seems to imply a private x11 chain that only the devs have access to where coins are being generated in secret. Historically that does not go down well in the crypto world. What am I missing about this swap deal?



All coins that were on the quark chain will be swapped 1 for 1. The X11 chain is a whole new blockchain with a premine to cover everyones coins. The coins not swapped will be burned. So currently all the coins on Bittrex and Mymue are being counted and swapped. From there the chain will go public for all to mine and to start personal masternodes etc.



The team are doing this as openly as possible and as always the block explorer will show people everything as well and you will be able to see that nothing is being hidden.



All coins that were on the quark chain will be swapped 1 for 1. The X11 chain is a whole new blockchain with a premine to cover everyones coins. The coins not swapped will be burned. So currently all the coins on Bittrex and Mymue are being counted and swapped. From there the chain will go public for all to mine and to start personal masternodes etc.The team are doing this as openly as possible and as always the block explorer will show people everything as well and you will be able to see that nothing is being hidden. Look over there...