[ANN] HAT.Exchange - The True P2P Experience | IFS Rewards | BETA (Q3 2018) - page 48.

Hawala.Today

member

Activity: 140

Merit: 12

..is now rebranded as HAT.Exchange!

COIN SWAP WITH IFS ACTIVATION

When? It's happening on 30th od December 2017 between the whitepaper and desktop wallet release.

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.

Hawala.Today

member

Activity: 140

Merit: 12

..is now rebranded as HAT.Exchange!

Quote from: jhugger on December 17, 2017, 08:30:09 PM

Quote from: Hawala.Today on December 17, 2017, 02:20:12 PM

Quote from: mansuri1982 on December 17, 2017, 04:50:10 AM

dont understand, after December 30, those hat tokens in our wallet will turn into hathold, and instead of them you will give us new tokens, in the same amount as they were in our purse or they are plus, for example there were 65 hats in my wallet and you add 65 new tokens . so i have in my wallet 130 new tokens hat? am i right?

Quote from: slackovic on December 17, 2017, 06:59:55 AM

Quote from: mansuri1982 on December 17, 2017, 04:50:10 AM

dont understand, after December 30, those hat tokens in our wallet will turn into hathold, and instead of them you will give us new tokens, in the same amount as they were in our purse or they are plus, for example there were 65 hats in my wallet and you add 65 new tokens . so i have in my wallet 130 new tokens hat? am i right?

I don't think you understand what is token swap. If you have 65 HAT in your Erc20 compatible wallet (and not in an exchange), you will receive 65 of the new HAT tokens. The old tokens will be (or should be) worthless after that. So you won't be having 130 HAT tokens, but 65 HAT (this one will be worth according to the market) and 65 old HAT (this one should be worthless after the swap).

Of course, I could be wrong because token swaps can happen in multiple ways. I guess admin can tell you for certain how it will happen. But I think it will be as I wrote.

Hi Mansuri,

Slack has pretty much explained it, you wont be getting 130 HAT you will be getting equal amount of HAT in your wallet, but the OLD HAT will be worthless and won't have any value.
The trading will start at the same price of OLD HAT so there shouldn't be any problem.

The Coinswap is happening because of IFS Activation and other new Standards in our contract. This is a common practice and should be worried about anything if you have your coins in your wallet safely

please make sure you bring your coins back in your wallet by 30th Dec

Any plans of posting a detailed instruction post for upcoming Coin Swap?

Hey,

Yes please check Reddit page for instructions as well as blog.

https://www.reddit.com/r/HawalaToday/comments/7khgji/coin_swap_what_when_why_how/
http://www.hawala.today/blog/hawala-today-dev-update-12-15-17/

jhugger

newbie

Activity: 21

Merit: 0

Quote from: Hawala.Today on December 17, 2017, 02:20:12 PM

Quote from: mansuri1982 on December 17, 2017, 04:50:10 AM

dont understand, after December 30, those hat tokens in our wallet will turn into hathold, and instead of them you will give us new tokens, in the same amount as they were in our purse or they are plus, for example there were 65 hats in my wallet and you add 65 new tokens . so i have in my wallet 130 new tokens hat? am i right?

Quote from: slackovic on December 17, 2017, 06:59:55 AM

Quote from: mansuri1982 on December 17, 2017, 04:50:10 AM

dont understand, after December 30, those hat tokens in our wallet will turn into hathold, and instead of them you will give us new tokens, in the same amount as they were in our purse or they are plus, for example there were 65 hats in my wallet and you add 65 new tokens . so i have in my wallet 130 new tokens hat? am i right?

I don't think you understand what is token swap. If you have 65 HAT in your Erc20 compatible wallet (and not in an exchange), you will receive 65 of the new HAT tokens. The old tokens will be (or should be) worthless after that. So you won't be having 130 HAT tokens, but 65 HAT (this one will be worth according to the market) and 65 old HAT (this one should be worthless after the swap).

Of course, I could be wrong because token swaps can happen in multiple ways. I guess admin can tell you for certain how it will happen. But I think it will be as I wrote.

Hi Mansuri,

Slack has pretty much explained it, you wont be getting 130 HAT you will be getting equal amount of HAT in your wallet, but the OLD HAT will be worthless and won't have any value.
The trading will start at the same price of OLD HAT so there shouldn't be any problem.

The Coinswap is happening because of IFS Activation and other new Standards in our contract. This is a common practice and should be worried about anything if you have your coins in your wallet safely

please make sure you bring your coins back in your wallet by 30th Dec

Any plans of posting a detailed instruction post for upcoming Coin Swap?

abdulrazak1

newbie

Activity: 2

Merit: 0

best token ever with great concept love the project

zulfi125

full member

Activity: 1382

Merit: 105

HAT is a wonderful coin, i wants to join bounty but posts are very limited on facebook and can't share the required figure.please revise bounty.

relaxx

member

Activity: 224

Merit: 10

I regretted that I did not buy a lot that was really very successful

zypa

full member

Activity: 239

Merit: 100

Reserved for translation

coinvat

member

Activity: 70

Merit: 10

Quote from: erichall on December 17, 2017, 04:20:10 PM

Quote from: coinvat on December 17, 2017, 03:34:09 PM

I think people who understand what this is they are investing....Look at like this okay....

The biggest holder currently holding 33k HAT

At this rate he is making around 400 HAT a month with staking...

That is around 550USD

Now if the price increases his number increases alot...

if the price of HAT is at 10$ he is making $5500 , $20 than $11000 monthly

You can do the math further on I think 🙂

We can't stake yet though, can we? Isn't this token still an erc20?

Yes the HAT token is ERC20... And you can start staking from 1st jan 2018

erichall

full member

Activity: 350

Merit: 107

Quote from: coinvat on December 17, 2017, 03:34:09 PM

I think people who understand what this is they are investing....Look at like this okay....

The biggest holder currently holding 33k HAT

At this rate he is making around 400 HAT a month with staking...

That is around 550USD

Now if the price increases his number increases alot...

if the price of HAT is at 10$ he is making $5500 , $20 than $11000 monthly

You can do the math further on I think 🙂

We can't stake yet though, can we? Isn't this token still an erc20?

coinvat

member

Activity: 70

Merit: 10

I think people who understand what this is they are investing....Look at like this okay....

The biggest holder currently holding 33k HAT

At this rate he is making around 400 HAT a month with staking...

That is around 550USD

Now if the price increases his number increases alot...

if the price of HAT is at 10$ he is making $5500 , $20 than $11000 monthly

You can do the math further on I think 🙂

Hawala.Today

member

Activity: 140

Merit: 12

..is now rebranded as HAT.Exchange!

Quote from: mansuri1982 on December 17, 2017, 04:50:10 AM

dont understand, after December 30, those hat tokens in our wallet will turn into hathold, and instead of them you will give us new tokens, in the same amount as they were in our purse or they are plus, for example there were 65 hats in my wallet and you add 65 new tokens . so i have in my wallet 130 new tokens hat? am i right?

Quote from: slackovic on December 17, 2017, 06:59:55 AM

Quote from: mansuri1982 on December 17, 2017, 04:50:10 AM

dont understand, after December 30, those hat tokens in our wallet will turn into hathold, and instead of them you will give us new tokens, in the same amount as they were in our purse or they are plus, for example there were 65 hats in my wallet and you add 65 new tokens . so i have in my wallet 130 new tokens hat? am i right?

I don't think you understand what is token swap. If you have 65 HAT in your Erc20 compatible wallet (and not in an exchange), you will receive 65 of the new HAT tokens. The old tokens will be (or should be) worthless after that. So you won't be having 130 HAT tokens, but 65 HAT (this one will be worth according to the market) and 65 old HAT (this one should be worthless after the swap).

Of course, I could be wrong because token swaps can happen in multiple ways. I guess admin can tell you for certain how it will happen. But I think it will be as I wrote.

Hi Mansuri,

Slack has pretty much explained it, you wont be getting 130 HAT you will be getting equal amount of HAT in your wallet, but the OLD HAT will be worthless and won't have any value.
The trading will start at the same price of OLD HAT so there shouldn't be any problem.

The Coinswap is happening because of IFS Activation and other new Standards in our contract. This is a common practice and should be worried about anything if you have your coins in your wallet safely

please make sure you bring your coins back in your wallet by 30th Dec

abel9527

newbie

Activity: 53

Merit: 0

Reserved for Thai translation

jhugger

newbie

Activity: 21

Merit: 0

Guys I have some question about Coin swap that will happen later this december.

1) What will happen to my old HAT?
2) Will the value of the new HAT be same as the old HAT?
3) When are you gonna post detailed instructions about Coin Swap?

Estrange18

sr. member

Activity: 1232

Merit: 331

DAO MAKER

Am i get right. For 1 month wearing your signature i will get only 15 tokens with value 20$. Am i right ? 20 $ for 1 month?

slackovic

legendary

Activity: 2632

Merit: 1239

Quote from: mansuri1982 on December 17, 2017, 04:50:10 AM

dont understand, after December 30, those hat tokens in our wallet will turn into hathold, and instead of them you will give us new tokens, in the same amount as they were in our purse or they are plus, for example there were 65 hats in my wallet and you add 65 new tokens . so i have in my wallet 130 new tokens hat? am i right?

I don't think you understand what is token swap. If you have 65 HAT in your Erc20 compatible wallet (and not in an exchange), you will receive 65 of the new HAT tokens. The old tokens will be (or should be) worthless after that. So you won't be having 130 HAT tokens, but 65 HAT (this one will be worth according to the market) and 65 old HAT (this one should be worthless after the swap).

Of course, I could be wrong because token swaps can happen in multiple ways. I guess admin can tell you for certain how it will happen. But I think it will be as I wrote.

WeAre1

newbie

Activity: 18

Merit: 0

Reserved for Finnish translation, please confirm

mansuri1982

newbie

Activity: 20

Merit: 0

dont understand, after December 30, those hat tokens in our wallet will turn into hathold, and instead of them you will give us new tokens, in the same amount as they were in our purse or they are plus, for example there were 65 hats in my wallet and you add 65 new tokens . so i have in my wallet 130 new tokens hat? am i right?

Chadprofile30

member

Activity: 112

Merit: 10