Dear Kurecoin community,
We are glad to announce that our team is taking steps towards achieving our roadmap. In order to prepare for the launch of our exchange, we are now doing a token swap and implementing extra functionalities needed for the Kurecoin token. Once this swap is done, the next step is focusing on delivering the product and building our own exchange.
The new token is designed to aid us in achieving the Kurecoin vision. To ease the anxiety of executing swap process we came up with a straightforward mechanism through which the swap is done automatically, without any action from the user.
We truly hope this plan can smoothen the overall swap process and all the KRC token holders can participate in the swap with ease, considering no action is required from the user.
Token Swap process
The ERC20 old-KRC tokens will be swapped to ERC20 new-KRC with a 1:1 swap exchange rate (1 ERC20 old-KRC token = 1 ERC20 new-KRC token). Please be aware that once the token swap is made, you cannot convert them back to ERC20 old-KRC tokens.
The snapshot will take place on Monday at Ethereum block 6,264,000. The distribution of new tokens will take place 2 days later.
Requirements to receive tokens
For the swap to be successful you must have access to the ethereum address where tokens are stored. That means you need the private keys of that address.
Tokens cannot be stored on Etherdelta, Forkdelta or other similar decentralized exchanges.
If your tokens are on a decentralized exchange move them to an ethereum address to which you hold the private key. You can use any sort of wallet that gives you access to your private keys, we recommend MyEtherWallet or MetaMask.
In order for the tokens to be successfully swapped, token holders should not transfer KRC tokens 24 hours prior to and after the snapshot date. Any KRC transactions between 3rd September 00:00 UTC – 4th September 00:00 UTC will result in losing your chance to swap the tokens.
Taking into account the restricted dates, we urge our token holders to not make any transaction until the swap process is completed. We can’t be held accountable in any way for not following the instructions.
Questions regarding token swap
We expect to receive many questions regarding the token swap and may take time to answer individual questions through email. Please submit your questions on our telegram group.
Thank you for your amazing support throughout the ICO and the project stages. Once the new-KRC tokens are set in place we will be on track to deliver our roadmap and build the most complete cryptocurrency ecosystem in Africa.
Feel free to reach out on our Telegram group for any questions regarding the swap process and the project.
Our Social Media
Twitter : @KureCoinHub
Email : email@example.com