When will STRAKS be paid which is swapped with signatum?
As we know , it must be paid in january ?
is there more definite time?
As we know , it must be paid in january ?
is there more definite time?
The swap will take place over a long period of time. That period depends upon what portion of the existing SIGT are burnt for the swap.
If 100% of SIGT is swapped then it would take 6 years for all of it to be swapped out. If it is 50% then it will be less.
Why. you might ask...
If the swap were all done in a day, the STRAKS market would crash due to the sudden shift in a 2 cent coin suddenly being worth more than a dollar (adjusted for the 4 for 1 swap). A large percent of the newly minted SIGT swaps would be sold right off the bat and miners of STRAKS would be punished. So, the SIGT community that decides to swap is essentially going to be mining STAK over the swap period. This will put their newly minted coins on a par with miners.
BTW, I am mining STRAKS at this moment.
For those that want to complain about the swap... read on.
1. Nobody who bought or mined SIGT is owed ANYTHING at all. We took a risk and lost.
2. The STRAKS developers, even when considering a possible 6 year swap out, are doing the SIGT community a service, IMHO.
3. Nobody has to swap.
4. Having an option with this is a good thing.
5. You win some, you lose some. It would have been perfectly fine with me if SIGT had just died on the vine. I had written it off as nearly worthless. STRAKS swap, as I see it, is a windfall.
