Spoon News

In the case that OMG is accepted as collateral before the spoon. Will I get my Cosmos token if I put my OMG as a collateral for a CDP?

Will I get the spooned tokens if I hold my OMG in the exodus wallet?

Not seen any news on this so thought I would ask.

Note: This is strictly my opinion on how I interpret the hard spoon will work.

There is no split in blockchain so no “free” coins. The “Omint” coins will most likely not be tradeable. You only have the Omint coins if you have the Omisego tokens. So when this spoon happens, there shouldn’t be a dump of strictly Omint tokens as you would have to sell your OMG tokens as well. If ya get what i’m saying. You get coins but they are linked to OMG and can only be used for staking on tendermint. Once plasma PoS is running, then “Omint” will no longer matter and you will stake your Actual OMG tokens. This won’t cause a sell off in price because the Omint tokens have no independent value, as I assume. That's how I understand a hard spoon works otherwise they would have called it hard fork.

Hey Omisebros/gals, does anyone know what the situation is regarding OMG tokens held on Exodus? Will they still receive the airdrop?

Thanks in advance!

Edit: thanks for the answers, friends

Hard Spoon Blog Post: https://medium.com/@omise_go/o-m-forking-g-1cc257b890ec

Announcement Post: https://medium.com/@imkevinxu/omisego-town-hall-0x2-plasma-edition-3219a87d3f66

Town Hall Time: April 4th at 3:00 AM UTC

YouTube Live Link: https://youtu.be/PUJuqWn88DY

This is a second official thread for questions for OmiseGO Town Hall 0x2 related to the hard spoon blog post. We wanted to open up a second thread in case there were specific questions related to it that might not surface in the first thread.

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