The old chain is now slowing down and having issues with transactions. Our team is holding the network up as best we can, we have even spread our own coins out over multiple staking wallets to help keep the network moving. Obviously this can not be sustained for much longer.
1. We will swap at 100% rate or 1:1 coin swap from now until February 7, 2018 at 11:59 PM UTC
2. The swap rate will be reduced to 50% or 2:1 swap from February 8, 2018 to February 14, 2018 11:59 PM UTC
3. After February 14, 2018, the swap rate will continue to be 50% or 2:1 swap, but maximum allowable swap will be capped at 3,016 or 1 Karmanode plus extra for transaction fees (so you still need 6032 to get 3016 and that is the max). This runs until February 21, 2018 at 11:59 PM UTC. This is the end of the public swap.
Note: If exchanges participate in the swap your coins may be automatically swapped. There is no guarantee this will happen though.
Although some team members will leave some staking wallets running with very few coins to hold the network up, between February 22, 2018 - February 28, 2018, the team will begin their swap. Although this is not required, the network will die anyways and we want to be transparent.
Like the phoenix, the old chain will burn and a new better one will rise from the ashes.
For more info please join us in discord.
https://discord.gg/5yUZbHp