From what I have gathered, the sale of the Cryptsy coins has occurred in agreement and distribution should be in about a month. I personally communicated with the party handling the sale and it sounds like the purchaser of CBX bought a bundle of the low liquidity coins. What this individual intends is yet to be identified but they will now be the largest stake holder in CBX (outside of the escrow for SPK).
My next question will these coins still be made useless with the introduction of the new chain?
We have discussed this. There will be no making useless of these coins. They exist on the CBX network and that will never change.
There is however a potential of creating a new coin / chain that does not include these coins but nothing is in motion towards this possibility at this time.
Indeed. I believe we should wait and see what happens to the CBX soon held by the new buyer, and try to figure out what their intentions are if possible. He may as well be a well-intentioned investor, and that should pose no problem whatsoever to CBX.
Unfortunately the problem is pre-existing to the Cryptsy distribution. As VonSpass has mentioned numerous times there is a parasitic whale or whales that are content to sell at the .0006+ range. Despite all of the teams efforts we were never able to garner enough interest to have this road block removed by those willing to invest into a future. This obstacle essentially managed to break the CBX team and stop progress - which is understandable. Its never fun working your ass off for someone else to reap all of the reward despite no contribution to the work effort. This issue still exists so we are looking at the necessity of a major influx of investment into CBX to overcome this. The development and advertising tact did not achieve the goal despite intensive effort.
So where do we go from here?
That shouldn't be a problem currently. That whales has it's coins on Yobit.
A scammy and lousy exchanged.
Luckily for CBX they don't allow withdrawals (For over a month now). Which means this Whale can't withdraw his/her coins.
There is another whale on cryptopia with 30k of Cbx , why didn't he just stake those . And a new whale with 124k from crapsy!
Clearly he is trying to resume his whale game again. Sad that some people get their life enjoyment out of that.
However that was a quick fix. The real/long fix is to get the development team, developing again.
And like BTCat stated start a Marketing team.
thx
).