Topic: [ANN] Premine (PMC) Swap to PreminePlus (PMP) - page 15. (Read 36648 times)

I have sent my old PMC. I am excited about the new coins. 

Yea seconding this, send it from the exchange to your wallet then from the wallet to the burn address.  Better safe than sorry.

In case more than one person claims the same tx id, a message signed with the origin address would solve it.

Of course, sending from an exchange wouldn't make that possible. So sending from the wallet would be better.

Yes, most exchanges show transaction IDs

I think most exchanges show you the withdraw history with corresponding tx id's.

We would all prefer you send from your own wallet but as long as you contact us with the right amount and no one else contacts PMCswap before you do then it will be fine.

If we get anyone trying to claim someone elses coins we will freak out and start breaking shit.

IT IS A MANUAL PROCESS....
Please expect a delay between sending the coins to destruction andlets roll! getting your PMP...

I will do it in chunks while not at work etc etc....

I sent a message to Poloniex. We will see what they want to do....

In the mean time... lets roll!

Might be worth mentioning that this appears to be a manual process and I suspect there is a reasonable time delay between sending the PMC and seeing it show up on the excel spreadsheet and getting PMP in return. 

Sent!

Let the swap begin.

Let me message Poloniex about the swap...  I think Busoni will do it for you... but if not I will let you all know...

Can I send the coins directly from the exchange to the burn address?

I am overwhelmed by your generosity, but of course I can not accept. 

It is, but for you, a special rate of 2:1 PMC to PMP.

 

the exchange ratio is 1:1?

Great The new era begins

Can't wait to start the swap!

PreminePlus ( PMP ) will have 1 million coins ( plus another 1 million coins over 5 years in POS rewards )

2 million theoretical max total ever... however not all coins will be swapped, and therefore some PMP will be publically destroyed... making the true max number of coins somewhat less than 2 million...

As of right now there are 1 million PMP of which half will be given away, and half is reserved for swap...

Premine ( PMC ) has roughly 499,000 coins

We intend to swap as many PMC to PMP as people desire...  those coins were freely given out. The other 500k coins of PreminePlus will also be given away in the fairest way we can muster...

Everything done will be as transparent as we can get...

This continues the original experiment/ideas that creditcoin_CRD came up with with a much improved POS coin...

I hope everyone gets involved

Here is the swap/burn progress so far:

http://cryptexplorer.com/address/1PMCxxxSWAPxxxToxxxPMPxxxXXXUfNchW


69 burns paid.

 
Remaining PMP in the swap wallet:  55837.167525 + 250K reserved  PLUS    3786.321606 POS reward ( we will deal with this later )

http://cryptexplorer.com/address/PPiyv7zp2uCkvvJ59zKAs7vtNweA96ZYzS  ( Swap Wallet )


PMC burned:   194162.832475   ( Percent of total PMC:  - 38.91 Percent )

intrested,wait and see

If you are not familiar, Premine was the first entirely free 100% giveaway. It was also an experiment to see what will happen after the block subsidy ends and mining must be sustained solely by transaction fees.The experiment will continue on, carrying over what we have learned from PMC into its successor PMP. This time it will be backed by the full force of the PMC community and the community will decide how it lives and how it dies.

This is not the Official Announcement for PMP..
This is a Swap Announcement to let you know how and when you can swap your old coins (PMC) over to the new protocol (PMP). We have premined enough coins to cover every single PMC, all though we expect a large portion of these coins to have been lost permanently. A portion of whats left over will be used to fund bounties for development of whatever the community decides is important (chat? anon messaging? you decide!). Afterward whatever is not exchanged will be destroyed publicly.
Don't worry if you didn't take part in the first PMC experiment, we premined enough to have a great big giveaway for you too! Just like the first giveaway it will be completely fair and transparent. More details on that in our Launch & Giveaway Announcement.

New guidelines:
To more closely match the giveaway schedule Swapped coins will be allocated over the next 3 months. With 30% the first month, 30% the second and the final 40% at month 3. This will help protect the currency from whales dumping and allow it to appreciate in value without steady downward pressure.
As well, to compensate the reduction in max coins, PMC swapped will be at a reduced rate of 3:1.
Please understand your stake % is the exact same amount (i.e. 100/1000 or 10/100, etc).



Step 1: Open the old PMC wallet, send all your PMC to the official burn address 1PMCxxxSWAPxxxToxxxPMPxxxXXXUfNchW
Step 2: Copy and save your transaction id
Step 3: Download our new (temp) PMP wallet https://mega.co.nz/#!XEggxLTJ!zPibDE_PeWxYZSDu4pRv9psf1N6FSOusLBCSdStgL84
Step 4: Put the included .conf file in the roaming/PreminePlus directory
Step 5: Open the new wallet and copy your new PMP Address
Step 6: Message PMCswap with your transaction id and new PMP wallet address (DO NOT POST TX OR WALLET IN THIS THREAD)
Step 7: Check the public excel doc later to make sure your transaction amount and PMP address are correct.
Step 8: ? ? ?
Step 9: PROFIT!




The PMC/PMP revival is being managed by myself with help from longtime community members such as kbroadfoot and Nullu
To ensure transparency different members are being assigned different tasks. kbroadfoot will be helping with the swap, while Nullu will be helping with the giveaway.

The Swap funds will be split up into two pots, 250k will go to kbroadfoot and the other 250k will stay with me. We will take turns paying out the Swap amounts until the Swap period ends.



The swap starts now! Don't worry though, we want to make sure no one gets left out so you have three months to swap your PMC. After you submit your tx id and PMP wallet address to the PMCswap user account you will be added to the public excel doc and we will send your new coins.