Dear Scorecoin Community,
As you may all know that the news about the new version of Scorecoin with Masternodes which will need a coinswap was already announced in November 14, 2017. It was also mentioned there how much the exchange rate for coinswap will be, namely 1: 1. As a proof you may refer to the message link:
https://bitcointalksearch.org/topic/m.24587691At the beginning of December we announced again by means of bitcointalk and saying that “Masternodes will be ready in the next 2-3 weeks, but before 2018!” Here is the related link:
https://bitcointalksearch.org/topic/m.25687644And another excerpt from the announcement by Ryan Emerick to the swap, which is in the main update page in the thread saying, “SCORECOIN Masternodes launches 23.12.2017 23:00 h Central European Time. / Please be informed that end date for the swap is 05.01.2018 23:59 (5th January of 2018) Time zone: UTC+1. We can’t accept any new request after deadline. Please ensure to swap your old coins against the new Masternode coin on time.” Here's the link:
https://bitcointalksearch.org/topic/m.26848059These messages are all available and they can be reached at any time.
Best Regards
Why are we not swapping after the deadline?
First of all, there is a block reward difference between the old and the new coin. That is, the old one allocates 125 coins per block at the moment while the new one allocates 42 coins. Also, it would be unfair swapping after the deadline; someone can mine the old coin with a very low difficulty rate and exchange them with the new coin. This would create an unfair advantage. In addition, the old coin gives 3 times more reward as the new ones. This would also lead to a price reduction of the new coin.
The next point is to collect old coins that were dumped after the swap deadline at very reasonable prices and swap them for valuable Masterternode Scorecoins. This unfair advantage is not acceptable, and would only hurt a lot the new Scorecoin market.
We also cannot be required to check the wallets for transactions if the coins were actually purchased before the deadline. We just have no resources and time for it.
Everyone is responsible for his own investment. Nobody can come after the deadline claiming he did not know about it. Being unaware is not an excuse. Who makes an investment, must also track.
Should the Scorecoin team find the investors?
Such a thing is also not possible. We have communication channels that are open and reachable in which on the deadline of the coinswap was multiple times pointed out. These channels of communication are our official twitter account, our thread in bitcointalkforum, our telegramchat, as well as our discordchat. The Scorecoin devs are personally accessible in the discord chat, whose link can be found in the bitcointalkthread.
With all these considerations in mind we would like to point out again ‘we do not swap after the deadline’.
We appreciate your understanding,
Best regards