Ok, so I think I have now figured this out. This was all a scam so people send their CXT to the developer for swapping while at the same time demand for CXT is created by new people buying CXT in order to get the new "masternode" coin. What this basically ensures is that the dev can dump CXT almost infinitely during the 7 days "swap" period while also having a decent market for the dumps.
All the rushing now makes a lot of sense as well.
1. Dump the 10 % CXT premine
2. Create XCXT shitcoin and sell ("swap") it to cryptofools in exchange for CXT
3. After becoming again a CXT-whale --> give positive news regarding the CXT. Anything, like "just kidding, also CXT gets masternodes!". Something short and amateurish like updates have been.
4. CXT price bumps
5. Dump the acguired CXT at good price ---> and buy them back later at cheaper price so you can still return the promised 60% (so you don't look 100% Assdick but 99%)
6. Give positive news for XCTX --> price bump --> dump the amount which was not swapped
7. Create third shitcoin,
COIN-ONANATOR THE 3RD, which can be swapped for CXT and XCXT
8. Rinse and repeat
Not saying this will happen, just saying this kind of fishy business allows anything to happen, untransparent, uncontrolled. This is because we fuking morons tolerate this kind of shit and pure self-interest. Too busy trying to get rich fast, less busy on using brains. This kind of coins and way to do things should be boycotted and added to some "black list" of shit coins until they correct their ways!
when this will happen you can tell, but development are coming and all is fine, cxt didn't dumped so much, 3 weeks ago price was about 500 sat now x2 yet anyway. lot of cryptopia coins are dumped more and more if you look theyr price in one month. coinonat is a young project and we need some patience, look development and then we can talk. for now new coins (cxtx) some, with great caratteristic x11 algo and masternode, wallet working well, so cxtx can do easily x10-20.
Might be so like you said. I'm just stupefied by this. Instead of distributing the new coin based on the CXT distiributoin at 1:1 (like BTC/BCC or is it BCH) the Dev decides to
sell the new coins called XCXT to CXT holders at 40 % of the price of CXT. You never get back 40% of the CXT, it accumulates back to Dev which becomes a CXT-whale - again!
This is basically an ICO or presale, in which you can participate with CXT, if you don't want to wait until the XCXT hits the exchanges (if it ever does). The Dev get's money just by creating a coin after another and selling it to the owners of the previous coins, which can be done indefinitely. It's wrong kind of business, the world needs more quality than quantity.