Ok, that may satisfy SouthXchange Twnkl stock holders.
Now my last Question:
Now, how do we know that, they won't fraud by opening several new address, say as the "middleman wallets", and sending them collectively to SouthXchange?
Or in case, RCF may already had several another wallets, and yet they may also compound them in the exchange? So they won't use the original one that may be tracked.
Thank you for responding.
Topic: [ANN] Supernova (SNOVA) ERC20 Token (TWNKL fork) - page 4. (Read 1681 times)
Why is it so hard to prevent any unwanted RCF transfer.
SouthXchange is blocking RCF transfers, but it can happen only *after* the transfer. They obviously cannot prevent on-chain transactions.Why don't the SouthXchange make the wallet totally in OFFLINE mode, problem solved, isn't it?
Wallet is online so that users can deposit their tokens that are in their own wallets and/or other exchanges.You said " they HAVE transfered", imo it will defect Twinkle may face again for another killing dumps, like previous one.
(...)
I mean how can you filter it out, when RCF had sent it out, and isn't it being too late to figure it out?
SouthXchange can block deposits at their discretion. Actually they are already doing it. (...)
I mean how can you filter it out, when RCF had sent it out, and isn't it being too late to figure it out?
You said " they HAVE transfered", imo it will defect Twinkle may face again for another killing dumps, like previous one.
So if SouthXchange don't close their wallet door, RCF may keep trying continue to transfer to there.
I mean how can you filter it out, when RCF had sent it out, and isn't it being too late to figure it out?
So make the wallet OFFLINE while Forking , is the best solution.
So if SouthXchange don't close their wallet door, RCF may keep trying continue to transfer to there.
I mean how can you filter it out, when RCF had sent it out, and isn't it being too late to figure it out?
So make the wallet OFFLINE while Forking , is the best solution.
Why is it so hard to prevent any unwanted RCF transfer.
Why don't the SouthXchange make the wallet totally in OFFLINE mode, problem solved, isn't it?
Edit: Being offline , only until the fork has done. Then it is up for the SouthXchange to make it Online or not.
Why don't the SouthXchange make the wallet totally in OFFLINE mode, problem solved, isn't it?
Edit: Being offline , only until the fork has done. Then it is up for the SouthXchange to make it Online or not.
A new attack by RCF has been detected. In the last hours they have transferred over 42 million TWNKL to SouthXchange and the funds are coming from 0xf401fdfb0392734ace83400903a028597bdf80fb which is the YEM swap address (!), i.e. the address people were supposed to transfer their old TWNKL to in order to receive YEM. There is extensive proof of this, for example:
This transfer is additional evidence to support our case. We are excited for finally breaking free from RCF!
- The FAQ from twnklbds.com (archive): https://postimg.cc/CZ6WHtdT
- Migration instructions on allaboutsafezone.com (archive): https://postimg.cc/7CKfK4TL
This transfer is additional evidence to support our case. We are excited for finally breaking free from RCF!
It would appear your suggestion is to fork a registered ERC20 Token without the registered founding body approval, which may be unlawful. Whether or not the trading symbol was changed, had nothing to do with any type of fork IMO.
This is a community fork and it doesn't require any sort of permission or approval from anyone.As for making allegations that the RCF Board has or could flood the market, is contrary to the RCF Boards written goals for token holders to read. The dumping IMO appeared to be token holders/day traders trying to make a few dollars.
There is proof of this. You can check the holders of TWNKL and there you can confirm that 0x6b9290c9d80c0e4f5127fe6f70b47d5c1bc80280 is the largest holder with 99 billion TWNKL at the moment (99% of total supply) which is proof that this address belongs to RCF. This address made three transfers to SouthXchange after the swap deadline for a total of +321 million TWNKL (the first transfer was on August 20th and the deadline was August 15th). You can confirm these transfers were made to SouthXchange because the tokens end up in SouthXchange's hot wallet address. This can be verified by making a TWNKL withdrawal from SouthXchange and the funds will be sent from there.
It would appear your suggestion is to fork a registered ERC20 Token without the registered founding body approval, which may be unlawful. Whether or not the trading symbol was changed, had nothing to do with any type of fork IMO. It would also appear IMO the writer of this Supernova fork suggestion did NOT read or understand the RCF boards updates on the reasons and changes to their registered ERC20 Token.
As for making allegations that the RCF Board has or could flood the market, is contrary to the RCF Boards written goals for token holders to read. The dumping IMO appeared to be token holders/day traders trying to make a few dollars.
From my understanding, the RCF Board and associated partner company's are adding asset value to the Rainbow Currency within the system.
Your suggestion that Token Holders convert to a Supernova (SNOVA) ERC20 Token (TWNKL fork) with NO lawful approval to do so, other than with SouthExchange, would be a loss to those who follow your suggestion.
As for making allegations that the RCF Board has or could flood the market, is contrary to the RCF Boards written goals for token holders to read. The dumping IMO appeared to be token holders/day traders trying to make a few dollars.
From my understanding, the RCF Board and associated partner company's are adding asset value to the Rainbow Currency within the system.
Your suggestion that Token Holders convert to a Supernova (SNOVA) ERC20 Token (TWNKL fork) with NO lawful approval to do so, other than with SouthExchange, would be a loss to those who follow your suggestion.
SUPERNOVA
TL;DR
Twinkle ERC20 token is going to become Supernova on 9/28. Make sure you deposit your TWNKL in SouthXchange before that day!
* Background
Twinkle (TWNKL) is an ERC20 token created by the Rainbow Currency Foundation (RCF). This token was sold on ICO at $0.01 (USD) per unit on November 2017 and then it was open for trading in Cryptocoinstreet (exchange created by RCF), SouthXchange, ForkDelta and possibly other minor exchanges. They issued 100 billion tokens but only a fraction was in possession of users (an estimated amount of 800 million tokens). Free market price was much lower than the ICO price (lower than 10 satoshis most of the time), and this was a burden on RCF. Near mid 2018 RCF attempted to manipulate the price by forcing SouthXchange (TWNKL main exchange at the time) to set a minimum price for Twinkle. They refused, and RCF proceeded to attempt delisting the coin from all exchanges except Cryptocoinstreet which they control and was the only one where they could introduce the minimum price they wanted. Delisting procedure failed, and they were forced to fork their token into another coin with a private blockchain that can only be traded in Cryptocoinstreet. This forked coin is also called Twinkle but with a trading symbol of YEM (Your Everyday Money).
The swap from TWNKL to YEM was set to be done in Cryptocoinstreet in August 2018. RCF recommended users to swap their tokens because the old TWNKL would be worthless. After the swap deadline, RCF started dumping their stock of TWNKL in the free market causing the price to crash. They hold over 99% of the 100 billion issued TWNKL plus all the tokens swapped for YEM. In other words they have a virtually unlimited stock of TWNKL to flood the market and keep the price at near zero. This is RCF way of punishing users that did not swap their TWNKL to YEM.
There is only one way to get RCF out of our way: we need to fork TWNKL and empty RCF wallet so that they cannot crash the price. This fork is called Supernova!
* Steps Forward
The hardest part is to make sure RCF tokens are actually left behind and not migrated to Supernova. We need a way to filter them and this part is not trivial considering many TWNKL are held at shared wallets (exchanges).
For this reason we have come to an agreement with SouthXchange, which is the largest holder of TWNKL aside from RCF, and we will fork the coin directly in that exchange. It will happen on 9/28.
If you have any TWNKL in another wallet (e.g. MyEtherWallet) or exchange please transfer them to SouthXchange before 9/28.
* Total Supply
The total supply of Supernova will be whatever amount is held by users. It is estimated that users hold ~800 million TWNKL. No new tokens will be issued, only existing TWNKL will be forked (except for the near unlimited stock held by RCF, those will remain behind in the old token).
* Technical Specs
Type: ERC20
Contract address: To be announced
Max supply: To be announced (possibly around 800 million)
Exchanges: SouthXchange
Original token: TWNKL (Contract)
TL;DR
Twinkle ERC20 token is going to become Supernova on 9/28. Make sure you deposit your TWNKL in SouthXchange before that day!
* Background
Twinkle (TWNKL) is an ERC20 token created by the Rainbow Currency Foundation (RCF). This token was sold on ICO at $0.01 (USD) per unit on November 2017 and then it was open for trading in Cryptocoinstreet (exchange created by RCF), SouthXchange, ForkDelta and possibly other minor exchanges. They issued 100 billion tokens but only a fraction was in possession of users (an estimated amount of 800 million tokens). Free market price was much lower than the ICO price (lower than 10 satoshis most of the time), and this was a burden on RCF. Near mid 2018 RCF attempted to manipulate the price by forcing SouthXchange (TWNKL main exchange at the time) to set a minimum price for Twinkle. They refused, and RCF proceeded to attempt delisting the coin from all exchanges except Cryptocoinstreet which they control and was the only one where they could introduce the minimum price they wanted. Delisting procedure failed, and they were forced to fork their token into another coin with a private blockchain that can only be traded in Cryptocoinstreet. This forked coin is also called Twinkle but with a trading symbol of YEM (Your Everyday Money).
The swap from TWNKL to YEM was set to be done in Cryptocoinstreet in August 2018. RCF recommended users to swap their tokens because the old TWNKL would be worthless. After the swap deadline, RCF started dumping their stock of TWNKL in the free market causing the price to crash. They hold over 99% of the 100 billion issued TWNKL plus all the tokens swapped for YEM. In other words they have a virtually unlimited stock of TWNKL to flood the market and keep the price at near zero. This is RCF way of punishing users that did not swap their TWNKL to YEM.
There is only one way to get RCF out of our way: we need to fork TWNKL and empty RCF wallet so that they cannot crash the price. This fork is called Supernova!
* Steps Forward
The hardest part is to make sure RCF tokens are actually left behind and not migrated to Supernova. We need a way to filter them and this part is not trivial considering many TWNKL are held at shared wallets (exchanges).
For this reason we have come to an agreement with SouthXchange, which is the largest holder of TWNKL aside from RCF, and we will fork the coin directly in that exchange. It will happen on 9/28.
If you have any TWNKL in another wallet (e.g. MyEtherWallet) or exchange please transfer them to SouthXchange before 9/28.
* Total Supply
The total supply of Supernova will be whatever amount is held by users. It is estimated that users hold ~800 million TWNKL. No new tokens will be issued, only existing TWNKL will be forked (except for the near unlimited stock held by RCF, those will remain behind in the old token).
* Technical Specs
Type: ERC20
Contract address: To be announced
Max supply: To be announced (possibly around 800 million)
Exchanges: SouthXchange
Original token: TWNKL (Contract)
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