COIN SWAP WITH IFS ACTIVATION
Why? The currently deployed smart contract, which defines HAT Token's properties and functions does not contain the needed function to allow staking and some other features to be introduced in the Q1 2018. A smart contract can't be modified once deployed on the main Ethereum network so a contract change implies we need to publish a new contract at a new address and our old tokens won't be able to interact with it.
How? In a way similar to our previous airdrop waves, a block snapshot will happen on 30th December and main developers will distribute the new tokens to the holders. So assuming Bob has 100HAT, he will receive 100(new)HAT. The new coin will have the same value and properties, furthermore, the Total Supply won't be touched, so it's totally safe for the market and odds are we won't even notice it happening.
What should we do? To get yourself ready for the swap Hawala advice to keep the HATs in an ERC20 compatible wallet. Any wallet that gives you a private key will be perfectly fine. In the next days, EtherDelta will let us know if users need to withdraw the funds or they can do the swap on the exchanger seamlessly.
If I let my Hawala´s on EtherDelta, will the coinswap be done automatically? How is the actual situation on EtherDelta?
With the current shuffle in the EtherDelta management, we have not heard from them yet, so we are not relying on it. We require everyone to move their HAT tokens to their erc20 comaptible wallets before the coin swap on 30th Dec 17
