Chain wise, yes, COTI from trustchain will be swapped to V2 COTI in 1:1 ratio. Exchange wise, there will be no change, exchanges that already provide support will continue to do so, just the addresses(deposit and withdraw) and chain infrastructure will change.
Will kucoin be supporting the swap?
Details will be provided soon. Stay tuned
When L2 Ethereum? Q2?
A 1:1 swap even though there will be an extra billion tokens in max supply? Surely the swap should be more like 1.5:1 Or am I missing something?
You should visit these(especially the ecosystem segment of the first medium) https://cotinetwork.medium.com/how-coti-is-gearing-up-for-2024-and-beyond-e0d465794767 https://medium.com/@cotinetwork/coti-launches-an-ecosystem-growth-fund-to-accelerate-privacy-on-ethereum-346f5264270a
the extra supply is meant for incentives and future development lol
Wow so our holdings get diluted massively just like that. Didn’t expect that from this team. I expected that fund/incentives to come from the teams wallet obviously NOT increase the supply and dilute my bags 🤣 This needs to be revisited and amended.
Nothing is getting amended.
Your bags arent getting diluted my friend. If you want your bag to appreciate in value you need development, a ecosystem fund, incentives etc
Well all I can say I was die hard holder and now I’m not, once price is right I’m out. Diluted our bags in our face lmao
We will share details regarding an early airdrop campaign soon. You should stay tuned for that. It will incentivise early V2 adopters.
Demand generates more long-term value than scarce supply. COTI tokens are not NFTs whose value depends solely on scarcity rather are utility gas tokens whose value depends on demand. By opening up to unique use cases around privacy, and by offering solidity and EVM compatibility, new projects will launch on COTI V2 and demand will increase. When done well, demand will increase more than the supply inflation, which gradually decreases with time. We have a clear business model, and we plan to launch the network with a few strategic partners already developing on top of it.
Let’s see what you lot come up to minimise the dilution. I’m no longer attached to this project so it’s fine.
Dilution is the best and most effective betrayal
i meant betrayal for no longer being attached. just to be clear 😁
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