Topic: [ANN]KarmaToken-The currency of SUSTAINABLE KINDNESS- GKS (Powered by ETHEREUM!) - page 9. (Read 52726 times)

We will start our swap requests on Aug 03, 2017,( let us hope that the coming hardfork on Bitcoin won't sow chaos on Counterparty's system. )

Steps you need to do for a hassle free swap.

1. Install(get) a TOKEN compatible Ethereum wallet. https://tokenmarket.net/what-is/ethereum-token-wallets/, https://www.karmatoken.net/get-karmatoken

2. After your wallet has synched, add KarmaToken Contract, using the wallet's ADD CONTRACT function.
CONTRACT ADDRESS: 0xdC0c22285B61405aaE01Cba2530B6Dd5cD328da7
CONTRACT NAME: KarmaToken
DECIMALS : 6
SYMBOL : KTN

3. Learn to use and secure your Ethereum wallet.

4. Send your Counterparty based KTN to 1FjX6a3cZrHaBtbsGjaeXg8aX2j3fQ2wbb (double check) Using the SWAP REQUEST FORM

5. Save and secure the details of your Transactions (XCP TX ID).

6. Wait for the first Sunday of the current week when you sent the token to receive your Eth based KTN to arrive.

-east

NOTE: FOR THOSE WHO GOT THEIR KTN without swapping KARMA(X11) you will need to send 0.003 ETH to this address: 0x00F38BAbA6Cca3F0726F882e6307f674781a1A19 to cover TX fee and service.

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Thank you @bitwarrior, if the community would like to shorten the swap period, we would do that. THE POLL WILL BE OPENED UP TO AUG. 15, 2017

-east

Moving from XCP to ETH platform is a good move and I agree to this. I dont have any qualms about the 10x increase as long that is beneficial. I think the 1 year swap time its a bit too long, consider the length of the other ICOs which this is likely similar in taste, 90 days will be a good one to consider since 1 year in crypto is an eternity and it helps the project to move along to the next phase much faster

cheers.

We have been trying to communicate with MERCATOX for some months now, but to no avail. Hopefully within a year from now, they will be able to finish that "maintenance". You can also try bugging them along with us to enable those KTN wallet.

-east

I have some Karma Tokens on Mercatox too. Now we have some problems with Bitcoin fork, but i think it will be solved in some days. Mercatox problem looks very bad for KTN holders, and i think that KTN dev will help us with this.

My KTN is stuck on Mercatox due to wallet maintenance. How would swap happen in my case?

After long and hard consideration of all pertinent matters, transferring from COUNTERPARTY to ETHEREUM platform proves to be advantageous for all of us (especially you KTN holders).


Below are the compelling reasons:

1. Speed of transactions.
2. Cost of transactions.
3. Platform Userbase.
4. Financial Foundations.
5. Development Teams.
6. Real World Businesses joining Ethereum Platform
7. Exchanges Support.
8. Potential for Further Growth.

Here are the details of our transfer:

a. The total tokens would be raised by a factor of 10. i.e from 18,400,000(xcp based) to 184,000,000 KTN (ETH BASED TOKENS)
    swap rate will be 1 KTN(xcp based token) = 10 KTN (Eth based token) for the whole swap period.

b. All KTN holders that swapped KARMA(X11)(WHITELISTED ADDRESSES) will be able to swap their KTN (XCP based) to KTN (ETH based), FREE of CHARGE.

c. All other KTN holders from NON-WHITE LISTED XCP addresses will have to send 0.003 ETH, when they request for the swap.

b. The number of KTN will still be locked and no further issuance beyond 184,000,000 will be made.

d. We will renew our campaigns and bounties for exchange listing this coming months. (Exchanges had hard time adding XCP based tokens before)

e. All our communication channels will slowly be edited to reflect this move.

f.  XCP swap address (Where you would send your KTN based on XCP) will be provided later.

g. KTN Ethereum based address will be provided later along with the code verification.

h. The swap will be open for 1 year, starting from the first day that the XCP swap address is provided.

i.  All other plans and roadmap, will continue as they are, only now the token platform will be changed.


Tell me what you think.

Welcome to the future.

-east



 

Hi, bitwarrior I don't think MERCATOX is a dependable exchange, it has been months that KTN's wallet is under maintenance on their site and there's no communication on when they will enable it again. It is not possible to deposit or withdraw KTN there at the moment.

Judging on their own thread, many people are also having many issues on that platform. https://bitcointalk.org/index.php?topic=1662702.340. For now, we have to make do with XCP DEX https://xcpdex.com/KARMATOKEN?market=XCP.

There was a brief period that KARMA(x11) were sold up to 2 satoshis each on Yobit. Placing KTN of 1:10,000 ratio (highest swap ratio) at 0.0002 BTC/KTN. At the DEX people are buying and selling at 251 satoshis and below.

-east

I have seen KTN s being traded on mercatox.com .. so how do I move my KTN from counterparty to their wallet exchange? Will there be any issues?

Thanks

Still, wishing the best for the project.

Thank you Coin_trader for your vote of confidence, I firmly believe we are on the right track  and steadily moving forward towards our goal of making KTN goals a reality. Soon we will be sharing the progress we are having with the community. I would suggest that everyone should use this opportunity to secure CHEAP XCP and accumulate even cheaper KTN being sold at the DEX.

Let me remind all of you that KTN has only less than 7 million tokens in circulation. and even if all KTN be available on the market(which will not happen in foreseable future) we only have 18,400,000.

keep watching.

-east

I've been following this project since i am the one who translated the ANN into our local language and i can say that the dev is very dedicated in pursuing for the development of this coin, he did not stop doing things for the betterness of this project, a one of a kind dev.
The fruits of his labor is yet to come and it would be so sweet, the prize of the hardworks.
Still, wishing the best for the project.

Please take note before August 01, 2017.

https://steemit.com/bitcoin/@easteagle13/free-bicoin-cash-how-to-get-it-when-bitcoin-hardforks-on-august-01-2017


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This is still under consideration, no hard decision yet. -east

When Karma Token take changes ? Still in progress swap or you figure something different for Karma Token?

It's about time we have this kind of service, where trustworthy entities on Crypto space can be rated and vouched!

Please vouch for me, Thanks!!

https://www.bitrated.com/Easteagle13/vouch

Heads up!

https://bitcoin.org/en/alert/2017-07-12-potential-split


Be safe.


-east

this mean you want swap again from counter party platform to ethereum platform
or what's next project karma token can open ico selling

For transparency, I would like to let you know that the FIRST "YES" VOTE on the POLL came from me.


Not because Counterparty platform has any shortcomings, I still believe that CP is still more stable compared to ETH platform.

I just want to explore this option further with you.


When a community member mentioned to me that "Maybe we better change platform to ETH", the immense WORK that I have to do was the first thing that hit me.

While for the community it will only involve some minor inconvenience and a couple of clicks. On my side of the fence, I would be overhauling ALMOST EVERYTHING.

Changes will be needed on:

1. The OP of this thread.
2. Our Website (massive changes)
3. Token use tutorials (both written and video forms, etc.)
4. Exchanges
5. Advertising/Marketing materials (social network, the GKS ED game)
6. All of the above WHILE catering to each and every request of coin exchange.
(All these things mentioned need MONEY and TIME)

All these will be added on top of what I am doing at this moment (I am still in Asia for our investors).


So, I would also like to let you know that if there's a person who SHOULD refuse the platform change it is me.

While, I am conducting the POLL above, I am also considering all these works that will result and the market situation. It means that even if the YES wins above, it does not automatically mean WE WILL TRANSFER.

Counterparty platform has no problem and I like how the guys doing it's maintenance are doing their job. There are tons of changes that are also in the works with CP and it will be comparable if not better than what ETH platform has now.

There is only ONE THING that we all feel the bumps from, it is the TRANSFER speed. While ETH transfers at 30secs or less, CP tokens takes a minimum of minutes and maximum of days. To make it clear this behavior is not even because of Counterparty but rather by BITCOIN network itself. The guys behind CP are doing many things to remedy this situation, in fact they are currently testing those methods where CP users can TRANSFER FAST and CHEAP.

Other than that present situation. CP still holds more confidence from me.

-east

Those are good questions.

If we DO transfer platform, most probably we will use the same method we used from KARMA(x11) to KTN

For the total, I think it will be better to adjust the number so that it will not look too expensive nor too cheap. Maybe a 10X or 184M.

For the fundamentals, the platform carries most of them.


-east

How would the tranfer to ETHEREUM be performed for the current holders of KarmaToken.

How many total coins would exist in the ETHEREUM platform?

What would change in terms of the coin fundamentals?

Very nice update dev, good to know things are moving forward