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Topic: Hope you're not holding Gridcoin at Poloniex, they're worthless now (Read 646 times)

sr. member
Activity: 518
Merit: 250
Your coins aren't worthless, Poloniex still has them and they can still be burned.  We have no control over how Poloniex conducts it's business or what it announces.  They were contacted multiple times between September (before the process started) and the April  20th deadline and were aware of the changes.  It was their choice as to what action they took with that information.

I have been in contact with Poloniex attempting to help them with the transition and the conversion pool is still active and able to burn coins for conversion, a few of us are still supporting the classic chain with hashes just so Polo can burn their remaining coins.

While I understand your frustration that you can't access your coins at this time, I assure you we are working with them to help resolve this even though the deadline has passed. We want nothing more than for everyone who wants their coins to be converted to have them converted.  It is my hope they will have this resolved in the next 24-48 hours and you will be able to either withdraw your coins as research coins and trade them on another exchange or if Poloniex chooses to open a Gridcoin-Research market buy & sell GRC on Poloniex once again.
sr. member
Activity: 518
Merit: 250
Actual update:

try to convert them, it should still work, the conversion is not yet shut down!

here: http://pool.gridcoin.us/CoinExchange.aspx



Somebody let us know if it works for you.
legendary
Activity: 1090
Merit: 1000
Priceless!

The more old grid burned, the more new grid goes up in value. No wonder it was hush hush.
sr. member
Activity: 518
Merit: 250
Update from the Gridcoin community: 


You had 6 months, if you did not make the effort to keep up with the updates, then that is your problem. You are the one who is ignorant and lazy!

sr. member
Activity: 518
Merit: 250
Apparently Gridcoin decided to do a swap via coin-burn, and the deadline was 2 days ago.

So if you have a balance at Poloniex, it will just say "withdraw your coins immediately". 

There was no notice from Poloniex on their site or their Twitter feed.
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