As many of you already know, Syndicate is upgrading. Recently we have found that a 3rd party is using an exploit to speed up their MN & POS rewards. We concluded that we need to stop deposits & withdrawals on all exchanges just to prevent the 3rd party to sell their coins & affect the price stability. After many discussions, this was our best option to protect our community and it’s best interest.
On 23th of April you'll be able to withdraw your coins from Cryptopia. They won't support our swap but because SYNX is a “veteran” coin on their exchange, they will give us the oportunity of a new listing for the new chain with a reduced fee. Until 8th of May you should withdraw all your coins from Cryptopia in your wallet.
In other news, Bittrex will support our swap although they might not open the wallet for transfers until the swap day. We are working closely with them to keep the even simple and professional.
You can still keep your MN or wallet open to receive rewards. We are preparing updated guides for users to set up trustless proof of stake transactions and masternodes.
Reminder: On the 8th of May 2018 we will perform a blockchain transfer from the old chain to the new one. Syndicate will be upgrading to a new Proof-of-Stake 3.0 with Masternode consensus mechanism and blockchain. Your existing SYNX coins will be mapped 1:1 on the new chain if you will hold your coins in your wallet or on Bittrex exchange, at the swap date.
Note: Bittrex will be closing the SYNX wallet and stop trading the token to take accurate snapshots of balances. If any SYNX you had sent to Bittrex are not settled (e.g. marked as pending) by 6:00 PM PT, on 05/08/2018 (1:00 AM on 05/09/2018 UTC), you may not be credited with SYNX.
Bittrex Announcement:
https://support.bittrex.com/hc/en-us/articles/360002686551-Support-for-the-Syndicate-SYNX-blockchain-upgradeThanks for the additional information. It is reassuring to see that Bittrex will support the chain swap and is closely working with the developers of SYNX. It is unknown to us that there are 3rd-party individuals who are taking advantage of the exploit regarding the frequency of POS/MN rewards. The swift action that you took are very much appreciated and that will surely prevent the selloff that can be made by them. Kudos to Cryptopia also as they will still give us opportunity for another listing in the future. Though it would be best if they will not ask for any fee.
Guys,
Is there any way to speed up the blockchain sync of the wallet? I have downloaded the bootstrap.dat file in the same directory, but it doesnt seem to help much. Im stuck at 1y 44weeks behind..
Please advise.
Hmm, I think the bootstrap that you downloaded is located in the wrong folder. Because, if you downloaded it to the correct folder, your sync time should be way shorter than 1 year and 44 weeks.