Snapshot has been taken at 02:49:00 UTC on 06/30/18
Hello Dix Community,
The Snapshot has been taken at 02:49:00 UTC on 06/30/18, we repeat, the snapshot has been taken!
What does this mean?
It means that if you're reading this and your transaction is not confirmed or balance was posted after the time above, we're sorry. This also means that we have closed the first portion of our swap process. Thank you all for following directions and moving your tokens to your NXT wallets.
What this means now is that all those who successfully were able to migrate their DIX token balances into the NXT wallets, will be eligible for the 1:1 swap period in our swap guidelines. We ask that you do not touch your balances, and work with us to remain patient as we finish development of our blockchain and begin the actual swap process soon.
As we stated at the start of this project we will not be rushed, and if you’re here, you are here on a longer term. With that said, trust that we are moving along to ensure we can get us to that next level as soon as possible. We will be releasing the new coin details this week. So please keep an eye out for that.
I would like to point out that we knew it was a strong possibility that there would be some wallets that would come in for a snapshot that would be too big for us to be willing to swap completely. I will need these following wallets to contact me:
5,639,014,961 (11% of new possible supply*)
3,451,421,874 (7% of new possible supply*)
2,900,000,000 (6% of new possible supply*)
We will not be able to facilitate your full amount. At most, we were willing to swap no more than 2,250,000,000. Due to our supply size reducing, you would own too much of a percentage (*) of the supply independently, which puts the blockchain and our community at risk.
This was not disclosed prior due to the fact that prior knowledge could have resulted in just sending the big balance to multiple wallets. Now that we have a snapshot, this will not be the case. I hope the community understands and will backs us 100%. Again, this will ultimately affect the safety of our investors, and we will not put them at risk.
Due to these issues, we will allow continued purchasing of DIX tokens at a 2:1 ratio going forward. We are mandating that those who have already posted their wallets to the snap shot, obtain a different wallet with a different address if you wish to buy more DIX tokens. These will all be swapped 2:1. We are mandating this extra wallet so you do not jeopardize your snapshot balance. Please share this with others so they know to not add to their snap shot amounts.
Lastly, it appears that stocks.exchange has closed DIX deposits. Transactions can still be done, but on a limited supply. Withdraws can still be done. Transactions can also still be done on the NXT exchange.
I’d like to thank you all again for your continued support. If you have any questions, please contact us on Discord or Telegram. We will continue to keep everyone updated.
June 30th is fast approaching and the time is closing in on the grace period that was given to everybody to get your DIX tokens from the exchange to your own personal NXT wallets. Those arriving late will need to act fast.
We have heard that there are some that may be looking to manipulate our market orders to take advantage of users during the closing of this grace period, and because of this an exact date or time will not be given for when this snapshot is to take place. I caution everybody to make smart decisions and don't let the FOMO keep you from being logical about spending your money. There are always malice groups looking for potential opportunities, and unfortunately, our current position makes us very vulnerable to this.
Once this grace period has expired, it will be at your own risk. If you elect to try and see how long you can stay in the exchange then please be prepared to accept that risk of not being included in this snapshot, or being taken advantage of in the exchange.
I strongly suggest not trying to buy up to the last minute, and suggest that all users take a break from buying DIX tokens thru stocks.exchange to focus on migrating to your wallets and staying out of the cross hairs.
A few things to consider that may happen:
Price increase and decrease due to FOMO, FUD and malice groups
Limited amount of orders being filled due to lack of quantity
Investors not wishing to be in - taking the low buy orders
Investors wanting in - taking the high sell orders
Increased FUD activity
I'm just keeping it real with you guys, so please keep these things in mind when seeing market reaction as this grace period closes.
Also, you DO NOT need NXT for the snapshot that will occur, but YOU WILL need 1 NTX to make the swap transaction when it is time. If you do not have any NXT, then you will need to acquire some by transferring some in, or possibly cashing in a small amount of DIX for it. It would be smart to have a more than 1 NXT handy, in case of any unforeseen issues.
We have had an exciting month with a lot of growth and activity. In this time we have continued to grow even with our dedication to working quietly with no marketing. It appears our buzzing is just getting louder.
For those who have already made this migration, thank you. We appreciate your continued support and ask that you please stay seated, patient, and await further swap announcements.
A swap date will be announced at a later date, but for now, this first step is crucial in being able to take part in the DIX swap to come. You will not be able to do so, unless you have completed this step. Once you have done this, you will now viewable on the NXT explorer with your NXT address, and any issues that may arise during the swap process can be better verified and accounted for. This will be helpful to both you and the project team.
Currently, we will be giving until June 30, 2018 to get this completed.
Here are the steps you must take to swap from the stocks.exchange to your own NXT wallet.