There are a few things that are going to need to be made clear in regards to the current xCash holders. Integrating the old coin value into the new coin I plan on attempting will be difficult if I attempt to do it directly. By directly I mean, add into the code special conditions to look at the existing xCash online database and transfer etc... Therefore, we'll have to come to some community assessment for how we plan to transfer xCash holders to the new coin. I do have a few ideas for how it could be done.
Since the amount of major xCash holders is so small this should not be too difficult to do.
Possible Ideas
1.) We put the xCash funds into an address online that is public and visible for xCash holders currently. I can then hardcode an equivalent amount of currency to preexisting addresses in the blockchain of the new coin I create. As long as this is public knowledge which funds are going to what addresses and we are open about that here I think it will be okay for the coin just starting out.
Pros
- Very easy to transfer funds
- Proof you will receive funds within the blockchain of the new coin
Cons
- Requires trust that I will integrate into the new coin
This is the first idea I have so far, I'll put more as I think of them, but I want to do something to reward the current holders of xCash and transfer them over as best as possible.