CreditBit in their latest update on Bitcoin Talk informed the community about the activation of the official page and also that the migration procedure is under development.
The update also requested the holders to prepare their Ethereum address/wallet, so that they will be prepared to participate in the first round of migration.
Further, the update addressed some of the remaining topics before the migration.
The first topic of discussion was the No Initial Coin Offering (ICO). The Creditbit development team decided against the ICO, which implies that buying tokens from the pre-mined amount of tokens will not be possible.
Number of tokens at initial issuance will be decided at initial migration voting – this way all current owners of CRBIT will be able to participate at decision process about initial issuance.
The other topic to be addressed in the update was of Initial Issuance Voting. The participants will be able to cast their votes on initial token issuance along with migration. There will be two questions at initial voting:
1. How many tokens should be created at initial issuance?
2. How many non-migrated tokens should be dedicated to Development Team and how much for DAO?
To vote on the first question, the participants will be prompted
Read more ... source: NewsBTC USA
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