Topic: [ANN] [REBOOT] CWXT- CRYPTOWORLDX- REBOOT/RELAUNCH-ADD MASTERNODES - page 6. (Read 7034 times)

Hello everyone,

Today has been a very hectic day and we appreciate your patience as we compiled this blog post surrounding the events that are currently unfolding. Earlier today we made an announcement regarding our status going forward with CWX. Information has come to light that indicates that the original developer of CWXT may possess as much as 80% of the CWXT coin supply.

We have investigated the claims discovered and the block explorer is in indeed, faked. Although, it is the real CWXT network, the block explorer is displaying the coin supply as much higher than what is actually in circulation - meaning balances are not correct. We are now certain that the original dev does hold a very significant stake in CWXT. As many of you know, wallet addresses are generally anonymous, so although this specific address known to be owned by the original dev was discovered to possess a large balance - it is possible that he may have additional wallets aside from just the one we are currently aware of. We also have no way of determining if the coins are accessible or not.This poses a huge risk to the CWX protocol moving forward. As previously discussed, due to the risk of centralization, we will not be engaging in a token swap out. That being said, It is our priority to ensure that we do not leave our currently invested community members behind, we will continue to move forward in the most effective route possible. We understand our community members have fully supported our journey up to this point, which we are extremely grateful for. Our community currently hosts approx 275 members. We have taken a snapshot of the member list to ensure validity and to ensure that each member is accounted for. We recognize the importance of ensuring all our members are  properly acknowledged for their commitment to our development.

We will be posting a submission form on our website in the following day(s). This form will require you to submit your full name, telegram username, email address, ETH address, CWXT address, and the current amount of CWXT that you hold in your wallet. At that time, we will validate all the data received. Once validated, you will be required to hold your current CWXT until our ICO has been completed. Upon completion of our ICO, If you still hold your CWXT, you will awarded with 35,000 CWX to your ETH wallet balance at no charge. Due to the fact we are unable to verify the exact amount of CWXT held by each member of the community at the time of the occurrence, or how much CWXT users may have sold or bought at the time of discovery, we have chosen an amount of 35,000 CWX to be given fairly to each member that was in our telegram at the time the snapshot was taken.We feel this amount is a fair and equal way to ensure our current community members, supporters and investors are not damaged by the losses they may have incurred due to our new discovery. After distribution of the new CWX token, users will be free to do as they please with their stakes of CWXT. Please note, members who do choose to keep CWXT in their wallets should be aware that it will continue staking during this process which means your balances / net worth will grow as well.

We have set an amount of 10,500,000 CWX to be allocated to our community members of CWXT, this will allow for 300 members (just above our total member count) to each individually claim 35,000CWX for their stake in CWXT. We will be running an ICO in the coming weeks with the remaining 8,833,333 tokens, we hope to invite new community members to join our project. This will create a base market cap for CWX and help ensure the community has adequate funding for the development moving forward.

We would like to extend our thanks to all our community members, thank you for believing in our development and thank you for being part of our growing community. We  hope we can continue to receive your support going forward as we continue on the next steps of our journey together .

Much Love.

If they continue with the swap and do not care about those 46 million who have been unemployed since January, which in my view will have no effect on the market.
So the price can go back to gives a slightly recovered

Guys - what do you think of a community take over? This is a terrible way to treat your investors.

I have been banned from telegram group by the dev, was talking to him about this shit... lets be serious, lot of us bought at 208 210 satoshis, because all the things were good.

And then in one day apocalypse... one good thing is i was stuck by novachange for one transfer, so i lost a bit but not all...

Why we should buy your new coin or ico, when we already invested because of you and your HYPE last posts ...

You cant ban me here so im free to give my opinion dictator scammer...

Price dump hard.

Any competent dev could fork this coin by taking a snapshot of the database and remove all the UTXO that correspond to the large original developer address.

You can see that the coins in that address haven't moved since January.

Just fork the repo, take a snapshot, remove UTXOs that correspond to that address, announce to community that you need to download the new wallet at the new github repo, and go from there.

Pretty sure the original dev is long gone ... so why not do something like this?  There's 48M in that address and about 59M total, so a 3:1 split would be less than 4M coins.  Nice low supply.

At the very least, if the ERC-20 token goes through, let me swap my worthless CWXT for the even more worthless CWT on the ETH platform.

I see such an attitude as irresponsible I had a loss of 50% of the value to invest, and now I still have to buy the token at 340 Sat? I think you will not replace my loss, I wonder who sold even lower and that he is sleeping that when he wakes up he will come across a totally low price

Hello everyone!


Everything is going great with the new development team, we are on track and schedule so no alarm with us.We are structuring the code for our Ethereum based token that we will be utilizing going forward and will be posting our White paper in the coming days.

Originally we had planned to engage a token swap from CWXT token holders to the new ERC20 token CWX. It has been brought to our attention that the original developer of CWXT holds 78% of the coin supply http://cwxt.7dv.info:3001/address/CZeeNmYAZCWnSeRjtXQ5LXi6zzPKFLkscK The explorer displays the top 25 Balances possess 112% of the coins, which is impossible so its obviously modified by a third party, but centralization is still potentially at risk. Although these tokens have not moved,been added to and have not received a stake payout since January, and are likely dead coins,  Crypto - X can no longer proceed with the originally designed token swap of CWXT to the new chain as the risk for centralization is far too great and they pose a risk to the progression of the new protocol. This is a risk we cannot take and this is the reason we initially chose to change the CWXT Protocol, as we feared this may be a reality with CWXT distribution.

We would like to note, the user “CryptoworldX” on Yobit has no connection with our team , has never had connection with our team, and never will have any connection with our team or protocol. That being said, as a solution to this new discovery, we will be directing our community to sell their CWXT tokens, in order to secure their funds.. Shortly thereafter, we will host an ICO crowdsale for the new Ethereum token, CWX. By hosting an ICO, the development team will be able to secure the efficient funding as recommended by the community to properly grow the CWX protocol as required for a successful development. Furthermore,  this is the most secure way we can facilitate the Crypto - X project as decentralized as possible to continue working together. We will announce the dates in the coming days after releasing our white paper.

We will be setting the ICO price at a fixed rate. This will allow the community to purchase the equal amount of CWX tokens without risk of the value increasing or decreasing in the process. Each token will sell for $0.02 USD represented in Ether. An example would be 1 CWX / 0.00006 ETH (1ETH=16,666CWX)[ based on 1ETH=$330.00USD]  . Every token purchased would be the exact same price until the ico is completed and the token hits exchanges. We will host the sale for the original intended supply of the swap out which is 19,333,333 CWX

We would like to thank everyone for their continued support throughout this process. We are excited to share the next step of our journey with you all in the coming days as we continue to evolve.


Connie H.
CEO Crypto - X

Thank you for bringing this to our attention. This is very alarming for the overall community. We have no connection to the original that that holds those coins that are displaying. We did not bother developing a block explorer on CWXT as a community member offered to do it for us but had issues getting one to sync. nonetheless this is something we need to quickly address as it posses a great risk of centralization if we continue to engage a token swap out to the new network which is not something we want or will allow to happen.

yes it is very alarming that somebody is manipulating an blockexplorer for any reason.
so you should put your own online and show the right numbers.

Thank you for bringing this to our attention. This is very alarming for the overall community. We have no connection to the original that that holds those coins that are displaying. We did not bother developing a block explorer on CWXT as a community member offered to do it for us but had issues getting one to sync. nonetheless this is something we need to quickly address as it posses a great risk of centralization if we continue to engage a token swap out to the new network which is not something we want or will allow to happen.