Here is a detailed overview on how we are distributing the Alvalor token supply:
https://medium.com/alvalor/alvalor-token-distribution-b65fae2a819
https://medium.com/alvalor/alvalor-token-distribution-b65fae2a819
Great.
What's the burn address?
Topic: *** *** VLT TOKEN SWAP IS LIVE *** *** VELTOR | ALVALOR discussion *** *** - page 2. (Read 4600 times)
December 14, 2017, 04:52:44 PM
Great.
What's the burn address?
December 14, 2017, 12:13:35 PM
Here is a detailed overview on how we are distributing the Alvalor token supply:
https://medium.com/alvalor/alvalor-token-distribution-b65fae2a819
https://medium.com/alvalor/alvalor-token-distribution-b65fae2a819
December 13, 2017, 01:14:13 PM
Devs stated that the burn addresses are gonna be made public. Already 2/3 Veltors of total supply are swapped for Alvalor. Swapping can be done until the 31st of January!
The swap is a succes. Already 189k VLT tokens are swapped.
Remaining supply is 365k VLT.
Remaining supply is 365k VLT.
Yet the market on yobit hasn't budged. Are the VLT tokens being swapped going to be burnt or at least pooled into a common address? I would assume so. It would be nice if that address were to be posted publicly. Considering the history of VLT, some reassurances that no shenanigans are taking place would be much appreciated.
All the swapped VLT will be destroyed.
Ok. So publish the burn address. Like ASAP, not after January 31st. People want assurances no shenanigans are taking place as the swap is underway, not afterwards.
December 13, 2017, 07:42:53 AM
The swap is a succes. Already 189k VLT tokens are swapped.
Remaining supply is 365k VLT.
Remaining supply is 365k VLT.
Yet the market on yobit hasn't budged. Are the VLT tokens being swapped going to be burnt or at least pooled into a common address? I would assume so. It would be nice if that address were to be posted publicly. Considering the history of VLT, some reassurances that no shenanigans are taking place would be much appreciated.
All the swapped VLT will be destroyed.
December 12, 2017, 06:08:34 AM
Already more than half of the outstanding Veltor tokens are swapped.
Devs stated that the burn addresses are gonna be made public. Already 2/3 Veltors of total supply are swapped for Alvalor. Swapping can be done until the 31st of January!
Devs stated that the burn addresses are gonna be made public. Already 2/3 Veltors of total supply are swapped for Alvalor. Swapping can be done until the 31st of January!
December 08, 2017, 04:53:03 PM
The swap is a succes. Already 189k VLT tokens are swapped.
Remaining supply is 365k VLT.
Remaining supply is 365k VLT.
Yet the market on yobit hasn't budged. Are the VLT tokens being swapped going to be burnt or at least pooled into a common address? I would assume so. It would be nice if that address were to be posted publicly. Considering the history of VLT, some reassurances that no shenanigans are taking place would be much appreciated.
December 08, 2017, 10:03:36 AM
The swap is a succes. Already 189k VLT tokens are swapped.
Remaining supply is 365k VLT.
Remaining supply is 365k VLT.
December 08, 2017, 06:56:49 AM
December 07, 2017, 02:36:44 PM
Alright. The Veltor to Alvalor swap is now seriously close. See below the video with the instructions.
ETA: Tomorrow.
Alvalor Token allocation:
20% goes to Veltor holders who swap.
20% will be airdropped to ETH holders
20% will go to the team
40% will go to the project (bounties, development, research, etc.)
There will be no ICO. So there are two ways to get a 1% share of the new Alvalor token:
1. get 5% of all Veltor tokens.
2. get 5% of all ETH tokens.
ETA: Tomorrow.
Alvalor Token allocation:
20% goes to Veltor holders who swap.
20% will be airdropped to ETH holders
20% will go to the team
40% will go to the project (bounties, development, research, etc.)
There will be no ICO. So there are two ways to get a 1% share of the new Alvalor token:
1. get 5% of all Veltor tokens.
2. get 5% of all ETH tokens.
They are not yet telling how will the eth airdrop work, but vlt is now a way to go if you can get enough. And it's pretty cheap if you think about the total supply and i am pretty sure that not all tokens will be swapped.
December 07, 2017, 12:52:39 PM
Alright. The Veltor to Alvalor swap is now seriously close. See below the video with the instructions.
ETA: Tomorrow.
Alvalor Token allocation:
20% goes to Veltor holders who swap.
20% will be airdropped to ETH holders
20% will go to the team
40% will go to the project (bounties, development, research, etc.)
There will be no ICO. So there are two ways to get a 1% share of the new Alvalor token:
1. get 5% of all Veltor tokens.
2. get 5% of all ETH tokens.
ETA: Tomorrow.
Alvalor Token allocation:
20% goes to Veltor holders who swap.
20% will be airdropped to ETH holders
20% will go to the team
40% will go to the project (bounties, development, research, etc.)
There will be no ICO. So there are two ways to get a 1% share of the new Alvalor token:
1. get 5% of all Veltor tokens.
2. get 5% of all ETH tokens.
November 30, 2017, 07:40:30 AM
So as I understood 20% of the coins are going to be divided among those who swap their Veltor tokens through the designated portal. The remaining 80% will be airdropped among all holders of Ethereum.
That will make the distribution of Alvalor probably pretty decentralized. If the exact date of the swap is announced I will also publish it in the OP.
That will make the distribution of Alvalor probably pretty decentralized. If the exact date of the swap is announced I will also publish it in the OP.
November 20, 2017, 04:02:56 PM
Fist images of the swap-page published in Telegram.
November 20, 2017, 02:16:10 PM
@o48o must say that I agree, I was thinking the same thing lately.
First yobit is the exchange who is hard to reach so no matter what dev asks them to change they don't listen 100%.
We have situation where was swap for some coin they had listed, after developers contacts them they add new coin but don't remove old one before swap.
For example you still have VEC and VEC2 there.
No matter that there will be avalor, veltor will still be listed there, it will be still possible to mine and maintain.
Leaving veltor and making avalor was very bad decision by the team and now they are trying to fix this but instead they killed complete concept and lost community support.
By now veltor could have huge price so no ICO or in fact anything else would be needed. Right now situation is that team could only play short memory game hoping that everyone here will forget about what happened earlier. Best solution is that dev team made crucial decisions and get back to the supporters here and finally starts listening. Without community support everything will fail. After all veltor and avalor can coexist same way like dual blockchain, same way vericoin and verium exists but with some other approaches.
First yobit is the exchange who is hard to reach so no matter what dev asks them to change they don't listen 100%.
We have situation where was swap for some coin they had listed, after developers contacts them they add new coin but don't remove old one before swap.
For example you still have VEC and VEC2 there.
No matter that there will be avalor, veltor will still be listed there, it will be still possible to mine and maintain.
Leaving veltor and making avalor was very bad decision by the team and now they are trying to fix this but instead they killed complete concept and lost community support.
By now veltor could have huge price so no ICO or in fact anything else would be needed. Right now situation is that team could only play short memory game hoping that everyone here will forget about what happened earlier. Best solution is that dev team made crucial decisions and get back to the supporters here and finally starts listening. Without community support everything will fail. After all veltor and avalor can coexist same way like dual blockchain, same way vericoin and verium exists but with some other approaches.
Dual blockchain? I don't think i understand what you mean. Alvalor has really nothing to do with Veltor now or later.
But yeah, they can coexist in same way any coin can coexist with it.
And about community backing the coin; with airdropping to eth holders, community can be huge.
I am all for Alvalor and can't wait to get rid of my Veltor for it. But you do as you wish. I haven't seen any developer stepping up for developing Veltor yet.
If someone does, you could win big with it. But this is going to be a one time chance you are getting to swap it.
I wonder how many veltor holders have forgotten about their stake. There seems to be hardly any selling and the coin is completely off the radar. The price has gone so low. Possibly, only half of the veltor will get swapped meaning you would get a 100% extra bonus.
November 20, 2017, 09:11:24 AM
I updated the info in the OP a little bit. gl with the upcoming swap.
November 20, 2017, 09:04:19 AM
@o48o must say that I agree, I was thinking the same thing lately.
First yobit is the exchange who is hard to reach so no matter what dev asks them to change they don't listen 100%.
We have situation where was swap for some coin they had listed, after developers contacts them they add new coin but don't remove old one before swap.
For example you still have VEC and VEC2 there.
No matter that there will be avalor, veltor will still be listed there, it will be still possible to mine and maintain.
Leaving veltor and making avalor was very bad decision by the team and now they are trying to fix this but instead they killed complete concept and lost community support.
By now veltor could have huge price so no ICO or in fact anything else would be needed. Right now situation is that team could only play short memory game hoping that everyone here will forget about what happened earlier. Best solution is that dev team made crucial decisions and get back to the supporters here and finally starts listening. Without community support everything will fail. After all veltor and avalor can coexist same way like dual blockchain, same way vericoin and verium exists but with some other approaches.
First yobit is the exchange who is hard to reach so no matter what dev asks them to change they don't listen 100%.
We have situation where was swap for some coin they had listed, after developers contacts them they add new coin but don't remove old one before swap.
For example you still have VEC and VEC2 there.
No matter that there will be avalor, veltor will still be listed there, it will be still possible to mine and maintain.
Leaving veltor and making avalor was very bad decision by the team and now they are trying to fix this but instead they killed complete concept and lost community support.
By now veltor could have huge price so no ICO or in fact anything else would be needed. Right now situation is that team could only play short memory game hoping that everyone here will forget about what happened earlier. Best solution is that dev team made crucial decisions and get back to the supporters here and finally starts listening. Without community support everything will fail. After all veltor and avalor can coexist same way like dual blockchain, same way vericoin and verium exists but with some other approaches.
Dual blockchain? I don't think i understand what you mean. Alvalor has really nothing to do with Veltor now or later.
But yeah, they can coexist in same way any coin can coexist with it.
And about community backing the coin; with airdropping to eth holders, community can be huge.
I am all for Alvalor and can't wait to get rid of my Veltor for it. But you do as you wish. I haven't seen any developer stepping up for developing Veltor yet.
If someone does, you could win big with it. But this is going to be a one time chance you are getting to swap it.
November 20, 2017, 05:48:46 AM
@o48o must say that I agree, I was thinking the same thing lately.
First yobit is the exchange who is hard to reach so no matter what dev asks them to change they don't listen 100%.
We have situation where was swap for some coin they had listed, after developers contacts them they add new coin but don't remove old one before swap.
For example you still have VEC and VEC2 there.
No matter that there will be avalor, veltor will still be listed there, it will be still possible to mine and maintain.
Leaving veltor and making avalor was very bad decision by the team and now they are trying to fix this but instead they killed complete concept and lost community support.
By now veltor could have huge price so no ICO or in fact anything else would be needed. Right now situation is that team could only play short memory game hoping that everyone here will forget about what happened earlier. Best solution is that dev team made crucial decisions and get back to the supporters here and finally starts listening. Without community support everything will fail. After all veltor and avalor can coexist same way like dual blockchain, same way vericoin and verium exists but with some other approaches.
First yobit is the exchange who is hard to reach so no matter what dev asks them to change they don't listen 100%.
We have situation where was swap for some coin they had listed, after developers contacts them they add new coin but don't remove old one before swap.
For example you still have VEC and VEC2 there.
No matter that there will be avalor, veltor will still be listed there, it will be still possible to mine and maintain.
Leaving veltor and making avalor was very bad decision by the team and now they are trying to fix this but instead they killed complete concept and lost community support.
By now veltor could have huge price so no ICO or in fact anything else would be needed. Right now situation is that team could only play short memory game hoping that everyone here will forget about what happened earlier. Best solution is that dev team made crucial decisions and get back to the supporters here and finally starts listening. Without community support everything will fail. After all veltor and avalor can coexist same way like dual blockchain, same way vericoin and verium exists but with some other approaches.
November 19, 2017, 12:00:35 PM
We are increasing our allocation from 10% to 20% of Alvalor tokens for the Veltor swap.
This decision has been made due to us abandoning the ICO plans and which is replaced with an Ethereum airdrop.
This decision has been made due to us abandoning the ICO plans and which is replaced with an Ethereum airdrop.
Can i see a breakdown of the allocation in full??
SO as a veltor holder we will share 20% (better than 5% so thumbs up for that)
Where does the other 80% go?
Why should veltor holders give a shit about ethereum holders being given the alvalor tokens?
Airdrops suck btw makes it look worthless. I thought the entire point of taking 80% away from veltor investors was to raise capital for investment?
They are probably announcing those figures later. As for your question:
Quote
Why should veltor holders give a shit about ethereum holders being given the alvalor tokens?
You don't have to give a shit. Alvalor is a different project from Veltor. Just because they want to reward Veltor holders by swapping them, doesn't mean you have to participate to coinswap at all. You can also stick with Veltor and hope that someone will pick it up and develope it. As for myself i think that Alvalor rewarding eth holders is a good idea for attracting right people.
November 19, 2017, 08:10:23 AM
We are increasing our allocation from 10% to 20% of Alvalor tokens for the Veltor swap.
This decision has been made due to us abandoning the ICO plans and which is replaced with an Ethereum airdrop.
This decision has been made due to us abandoning the ICO plans and which is replaced with an Ethereum airdrop.
Can i see a breakdown of the allocation in full??
SO as a veltor holder we will share 20% (better than 5% so thumbs up for that)
Where does the other 80% go?
Why should veltor holders give a shit about ethereum holders being given the alvalor tokens?
Airdrops suck btw makes it look worthless. I thought the entire point of taking 80% away from veltor investors was to raise capital for investment?
An airdrop is the best that can happen for Veltor holders. It will mean that alvalor will be extremely distributed. 95% of the recipients won't have enough funds to find it worthy to put in effort to send it to an exchange.
Anywho, read the vision paper, join telegram and you will realize the potential here.
well if that is the case and we are not raising funds with it.... lets 50% to veltor holders and less to ethereum drop
if the tokens were raising funds via btc that would makes sense but giving them for free to eth whales is not so good
I think it's better to ask this questions to the dev team in Telegram chat.
November 18, 2017, 05:34:40 AM
We are increasing our allocation from 10% to 20% of Alvalor tokens for the Veltor swap.
This decision has been made due to us abandoning the ICO plans and which is replaced with an Ethereum airdrop.
This decision has been made due to us abandoning the ICO plans and which is replaced with an Ethereum airdrop.
Can i see a breakdown of the allocation in full??
SO as a veltor holder we will share 20% (better than 5% so thumbs up for that)
Where does the other 80% go?
Why should veltor holders give a shit about ethereum holders being given the alvalor tokens?
Airdrops suck btw makes it look worthless. I thought the entire point of taking 80% away from veltor investors was to raise capital for investment?
An airdrop is the best that can happen for Veltor holders. It will mean that alvalor will be extremely distributed. 95% of the recipients won't have enough funds to find it worthy to put in effort to send it to an exchange.
Anywho, read the vision paper, join telegram and you will realize the potential here.
well if that is the case and we are not raising funds with it.... lets 50% to veltor holders and less to ethereum drop
if the tokens were raising funds via btc that would makes sense but giving them for free to eth whales is not so good
November 17, 2017, 12:08:29 PM
We are increasing our allocation from 10% to 20% of Alvalor tokens for the Veltor swap.
This decision has been made due to us abandoning the ICO plans and which is replaced with an Ethereum airdrop.
This decision has been made due to us abandoning the ICO plans and which is replaced with an Ethereum airdrop.
Can i see a breakdown of the allocation in full??
SO as a veltor holder we will share 20% (better than 5% so thumbs up for that)
Where does the other 80% go?
Why should veltor holders give a shit about ethereum holders being given the alvalor tokens?
Airdrops suck btw makes it look worthless. I thought the entire point of taking 80% away from veltor investors was to raise capital for investment?
An airdrop is the best that can happen for Veltor holders. It will mean that alvalor will be extremely distributed. 95% of the recipients won't have enough funds to find it worthy to put in effort to send it to an exchange.
Anywho, read the vision paper, join telegram and you will realize the potential here.
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