Any gen1 eBTC tokens that remain in the wild after the swap will be replaced during the swap with gen2 eBTC.
For example, if only 19 million eBTC are returned during the swap, The gen2 eBTC will have 21 million tokens available for the swap, any gen2 tokens that are not swapped and remain will be added to the development funds or airdropped to gen2 eBTC holders.
Trading will be paused at a block #, after this the current gen1 token will be delisted from Mercatox, ED & Dec and then the gen2 token will take its place retaining the eBTC ticker.
I said if before ok the last page, there’s a few people trying to scare people off the swap, I’d much prefer that every single gen1 token is swapped but unfortunately in the event that someone doesn’t return their tokens they will be added to development funds or airdropped, and I have a feeling that some people on the last few pages would prefer they get a larger airdrop if more people decide too not return.
I personnally don't have the knowledge to look at the code, but well this could provide a real transparency toward the eBTC community.
Don't get me wrong, I'm not saying that I don't trust the new dev team.
(I'm all new in the cryptocurrency world : sorry if it's considered as a dumb question)
The code will be made public so that it can be audited by the community after being internally and externally audited.
This answers all the FUD and haters. ebtc is slowly moving up! ebtc is now at 10 cents
Can you do for 3 months..? 😂