This is indeed good news then, my next question is are you planning then to be able to redeem VMC with Hashcoins instead? ( I think this will boost even more then value of VMC and will trigger the mining of this coin even more , It is a WIN-WIN)
If reedem is dead then for me VMC is dead. Now it is private dev mining power.
That means we have just expanded VMC collateral security value by 1200$ = That means DEV just expanded its private mining power value by 1200$
Xinwao,
It is said that
redeem has put on hold and redemption is not dead! Please try to understand what is being done here, this is a good way of boosting the value of VMC for the long haul.
Ofcourse we plan to enable reedem again....!
(No worries about it.)
Will be announced here later.
Current situation is that we DO NOT EARN any BTC by the collateral security mining power, since it is mining HashPoints now.
Thought, i've made it clear with the announcement
We will work out something soon for reedeming, but we dont have any fund for this, at the moment.
That is the only reason its put on HOLD temporarily !!!
It seems that we (DEV Team) and most of You (VMC Community) have a big expectations for HashCoin project.
Hope they will be fullfilled soon, and help to strengthen VMC as well on the Market...