Are you guys swapping to an erc20 token?
So no more that 5% POS year?
So no more that 5% POS year?
This will not be a mandatory swap. Our current blockchain will remain supported and the ERC20 tokens will be swapped 1:1 for those who want to take advantage of our dApps. The dApps (Strain Chain, Seed 2 Sale, etc) will require easily programmable databases and link-ability to our servers to verify the blockchain data. Initially, those coins received will be stored by us and issued through smart contracts. The next step would be to introduce a system that can swap back to the original chain from ERC-20 token if the end user chooses to do so.
In short, if you aren't interested in using our dApp tools - you will not need to do a swap. Any exchange of GRWI will continue to take place through Cryptopia exchange.
I hope this answers your questions! Thank you for being a part of the community.
- Ryan
Please explain how the ERC20 token and the ETH network are the worst and slowest in crypto? lol Come on now. The ERC20 architecture is needed to support smart contract functionality on the GRWI platform. If you even read the comment you quoted you will see that there will be two chains operating concurrently to support our GRWI ecosytem.
for me is the biggest problem and why i dont like the swap to a token because i need ether for the transaction fee...
I understand that using ETH comes with an added cost of gas but as mentioned, the swap will not be mandatory and only for people who are looking to use the dApps being built.
