Topic: [ANN][SCRYPT] Dotcoin - page 4. (Read 81759 times)

Coinswap to the present token DOT and Scrypt-mining (& all the mining pools @Cryptopia) are all gone more than 5 months ago. You have to check the Forums @Cryptopia to see some info and possible updates. I do not see any reason for them to run the old blockchains and enable transfer of old DOT from old mining pool to any old wallets; Nevertheless, You can still get the private keys for your coin addresses without syncing with the old blockchain. How to get old coins swapped to new DOT is up to a ticket and contacting the support team. 

DOT Swap Update

Some of you will have noticed that the DOT wallet has been in maintenance for the last couple of days. This is because we have been finalizing development of the DOT swap to the Ubiq platform. You can read about the Ubiq platform and get your new wallet here https://ubiqsmart.com/. We are very excited about this change and have high hopes for the future of DOT on the Ubiq platform.

Here’s how the swap is going to work:
• Any confirmed balance of DOT you had on Cryptopia has been swapped 1:1 for the new token
• Any deposits received in the next 30 days will be swapped by us, just follow the steps on our forum: https://www.cryptopia.co.nz/Forum/Thread/2469

The final date to swap your DOT will be the 29th of October 2017. After this date we will still consider swaps but we will process them manually via Support Tickets.

Why did we choose to swap DOT?
DOT recently joined the list of coins that have affected by 51% attacks. We managed to identify and respond to the attack sooner rather than later though the attacker did manage to make an impact on the market. We covered the lost DOT from our own reserves. Due to the amount of hash that can readily and easily be thrown around at small networks these days we had to ask ourselves if it still makes sense for DOT to run on its own network as it is clear to us that we cannot afford secure the network ourselves, and that the demand for DOT is not sufficient enough to attract the amount of distributed computing power required to sufficiently secure the network either. We decided to perform a swap of the DOT blockchain to a Ubiq asset, the use case of DOT is not based around mining or proof of work so we don't think anything is lost in moving DOT to a token platform

Published by: phire @ 9/29/2017 5:04:55 AM

In my experience Cryptopia is a real shit Exchange.
Customer care scores 0.
Many problems with withdraw or deposit coins.
I try to withdraw everything from this Exchange and stay away from it.

Hi,

I mined some dotcoin but didn't saw that was the old dotcoin. Do you know where I could transfer it ? I contacted Cryptopia but I didn't have a return...

Thanks.

Thanks for answering but could you post link to the mentioned ad, so that others can confirm that. Not trying to be rude but I want to read up more and see proff before investing further.

Also I joined the cryptopia telegram after reading the earlier poster but cryptopias telegram is dead, less than 50 members and there was literally no discussion.

If what you guys are claiming to be true I would difinately invest more but it’s hard to substantiate your claims.

Yes, I agree with you.
Let's try to gather as much as possible of reliable information

They mentioned it also in their featured ad that DotCoin will be used in every service on Cryptopia.You must not be a future teller to see that there would be a huge demand for Cryptopia coin (DotCoin).

How do you know that for sure. I thought it was needed for listing new coins only. Maybe it should offer a discount on trading fee to increase its appeal.

How do you know that for sure. I thought it was needed for listing new coins only. Maybe it should offer a discount on trading fee to increase its appeal.

LOL - "Dot is just a tipping a coin"

That's one very myopic way of looking at "investing" into DOT. Another way is to not derive value solely from its current state, rather you'd look at the project from an investment standpoint (which is future state). This isn't equities; you're not buying S&P value caps with dividends. You're buying startups which are all pre-revenue.

LOLcatz - please stop investing now

I'll leave this final note here:
Cryptopia currently uses DOT to add new listings. This is a supply and demand game at best. Therefore, what you're doing is driving up the price for the companies that want to REALLY BADLY list their coin on an exchange, so their own Market Cap can increase 10x. With that increase, they then can cash out and make money.

Do you think a company, which stands to make hundreds of millions of dollars is going to play into price elasticity over a few BTC? We're talking hundreds of millions of dollars versus a few more extra BTC that it will cost them to list their company on Cryptopia.

You really don't see the vision in this investment play...