Ok yes that sounds logical,the price is already going up I see today, on yobit and on Poloniex did anything happen?
So the value of the Sys coin with that switch will stay the same or only gets higher?
And about the Sys wallet because I haven't downloaded that yet, should I already download the wallet and store my coins there?
Did buy some more quickly since the price is rising today!
After switch the price will scale with the decrease in supply, so will only get higher. In terms of download wallet or store coins on exchange- its up to you, they are safe either way as long as you've purchased them before the transition. I always advise people to store large amount of coins off of exchange for security reasons, and always backup your wallet.
when is the 299 to 1 switch taking place?
Happens after Syscoin 2.0 is released in "final" form, we estimate this will occur around the end of March. When we have a firm date we'll advertise it loudly.
Thanks for taking the time to write about Syscoin! For those looking for the direct link,
here it is!