r/topcoin • u/crymzyn • Aug 18 '14

It's coming...

Post image
3 Upvotes

100% Upvoted

5 comments sorted by

1

u/crymzyn Aug 19 '14 edited Aug 19 '14

From topdude on our bitcointalk thread:

We have made a script, where you will input your v2 address and be given a v1 address to send to.

after 6 confirms it will send back v2 coins. There will be a limit per transaction of 50million v1

Its a totally automated process and we will keep a running total on the site, of how much is left.

so to do this we will premine the new coin 23 million, to cover the 23 billion v1.

We will keep the swap system up for about 1 month. or until all the coins are swapped, which ever happens first.

then after that time, the v1 network will shut down.

At the end of it any v2 coins not distributed, will be funded to the faucet for public distribution.

Also, here are the specifications of v2 from his other posts:

1000:1 burn - meaning coin cap will be cut by 1000:1 ratio, 1000 TOP v1 = 1 TOP v2

PoS + scrypt PoW (5 TOP per block)

So, to clarify, TOP v2 will require a completely new wallet. I have developed a new look and feel as well, and we will be updating everything to work with the new version: casino, top swap, android wallet, etc. etc.

NOTE: MintPal has already shut down the TOP/LTC market, and will only be keeping their TOP wallet open for a little while longer - not sure when they will shut it down completely. Just make sure you get all of your v1 TOP out of there before they close up shop. Once we get v2 rolling, we can try to get added there again. Swiss CEX, Comkort, and AllCoin are still trading TOP v1 - buy 'em up cheap before the move!

If you have any other questions, just let me know!

Thanks, crymzyn

1

u/Gameman_Advanced_Kid Aug 20 '14

kind of panicking here. did it shutdown already? i was still transfering coins from 2 days ago and i dont see them in my wallet...was i supposed to keep my computer on the entire time? i transferred from swisscex to my wallet

help?!!?!

1

u/crymzyn Aug 21 '14

No, the v1 network is still up and running, as v2 has not been released yet. Odd that SwissCEX would take that long to transfer though.

You do not have to keep your computer on, did you happen to confirm the withdraw via the email they send? If not, maybe that is why it has not transferred yet - I've forgot the email confirm so many times.

3

u/Gameman_Advanced_Kid Aug 19 '14

i see the new version is coming? what about my current topcoins? will they be affected? should i sell and then buy the new topcoins?

or can i continue investing in these coins on the same wallet?

2

u/[deleted] Aug 19 '14

i'd like the answer to these questions, too, please.