Dear Magicoin community
We want to state our position on the past voting period, since we noticed that the communication between the Magicoin developer and us was not transferred to the community correctly. We handled the past voting period as carefully as always and did not depart from our procedures in any way. So we are trying to provide you maximum transparency in this case.
In order to give everyone the possibility to make his own judgement, here is what happened:
On Wednesday the 30th of April, Magicoin competed with another coin to win the ongoing voting period. We ended the voting period at exactly 23:00 UTC+1 as announced and visible in the countdown on the voting page. So nothing bad so far. The problem started with the fact that Magicoin did not have the most votes when the voting period ended and another coin has been added.
Shortly after we received a request by Magicoin through our help desk. He referred to transactions we credited only shortly after we chose the winner. Payments which would have helped Magicoin to get the most votes and added to the exchange. Unfortunately, those transaction did not get a single confirmation before the deadline. In order to get those payments accepted, our voting system requires transactions to have at least one confirmation. I don’t think anyone can blame us, that we do not accept unconfirmed transactions. Not yet confirmed transactions forced many coins to wait another one or two voting periods before. We do not encourage anyone to make these last minute votes. There is so much time to vote and make payments during the voting periods and we think we all know that Bitcoins transactions do not happen instantly.
We told Magicoin that the coin will have the best chances to get added to our exchange after the end of the next Voting period on Sunday. Magicoin was not willing to wait another four days until Sunday. After a long conversation we offered to add the coin earlier. Everything later than ASAP was inacceptable. We offered to add the coin the next day, 36 hours after the end of the past voting period, in the middle of the current voting period. In the eyes of Magicoin still too late.
We think this is a fair offer and shows our goodwill towards the Magicoin community. We are trying to find the best solution for all parties involved, especially in respect to the coin which won the past voting period.
Best regards,
Your SWISSCEX team
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