We are glad to present to you the updated INS to XNS swap terms.We have reflected on your feedback and improved the terms.Read about the updated swap details:http://ow.ly/yDHI30qbZu5
This week we’ve been gathering feedback and questions from the community about the swap terms and now we are pleased to provide answers to the most frequently asked questions by the Insolar community.Read full article:http://ow.ly/eN3W30qc0SO
I’ve always advocated for Insolar, but if they slash our holdings in that way through that big part, its not a good sign
I suggest you to why we do it, there shouldn’t be any misunderstanding after that
I have also partnership with kaspersky. I installed it on my pc. Now they say my pc is excellently protected and is an example for other pc’s
why are you so negative about the news that the platform has successfully passed security audit by a leading security firm?)
not so many guys in crypto have done it btwhttps://www.kaspersky.com/enterprise-security/resources/case-studies
it’s up to you. we are building a powerful foundation for the future success - rest is your choice.
Coins are subject to 3 year vesting. You'll get a portion of your tokens everyday.
- The vesting is ascending every day
- XNS release is designed to commensurate with Insolar Blockchain rollout and deployments
- The demand will be much more balanced and in accordance all required regulations
Please read swap details:https://insolar.io/coin-swaphttps://medium.com/insolar/ins-to-xns-swap-important-questions-answered-521fd321ac8ehttps://medium.com/insolar/updated-and-improved-ins-to-xns-swap-terms-9a23e9ac02e0
Please see this... it was not mention anywhere that you will face such thing while swaping
How the demand will increase swap tokens will be only 500 M which will almost locked & another 500 M from no where will come & dump time to time
Well done Insolar Team 👏👏👍 its a huge move for a respectable and professional security auditing .
The Foundation pool is created for future business development and ecosystem building initiatives to accelerate growth and development of the Insolar network. The Foundation pool is long-term and planned to be utilised for 10 years (2021-2031). The Foundation pool spending is subject to decisions made by the Insolar Association, an independent not-for-profit membership organization. The creation of Insolar Association will be started in the second half of 2020. The Insolar Association will be made up of a group of up to 100 diverse organizations from around the world consisting of major clients, exchanges, large hardware providers (i.e. node runners) and other key partners. ...
Andrey Zhulin, [15 февр. 2020 г., 17:25:59 (15.02.2020, 17:27:40)]:The Insolar team receives zero coins from the new pools (Enterprise, Network, App Dev, Foundation) to itself. Read below.Public Allocation Pool: 500,000,000 XNSAt the end of 2017, 50,000,000 INS ERC-20 tokens were created. 50,000,000 INS ERC-20 tokens are swapped to 500,000,000 XNS (1:10 swap rate, i.e. 1 INS = 10 XNS). Insolar team’s coins are part of this pool and swapped on the same terms as all other tokenholders. The Public Allocation pool is vested for 3 years. The vesting is applied to make Insolar MainNet eligible for U.S.-based enterprises.
Insolar works with large US-based enterprise clients which plan to use the Insolar MainNet. Given the focus on large US-based enterprise clients, Insolar needs to comply with the U.S. Securities and Exchange Commission (SEC) guidance to make it possible for enterprises to use the Insolar MainNet. On April 3, 2019, the SEC issued the Framework for Investment Contract Analysis of Digital Assets.
Insolar’s lawyers did a detailed analysis to assure that Insolar MainNet and XNS coin are fully inline with the SEC’s guidance and eligible for US-based enterprise clients. There are multiple criteria that should be met to avoid recognising a digital asset as a security. Below are criteria that Insolar needs to meet to avoid recognising XNS (Insolar native coin) as a security:
— The digital asset shall not be offered broadly to potential purchasers as compared to being targeted to expected users of the goods or services or those who have a need for the functionality of the network.
— The digital asset shall not be offered and purchased in quantities indicative of investment intent instead of quantities indicative of a user of the network.
— Restrictions on the transferability of the digital asset shall be consistent with the asset's use and not facilitating a speculative market.Enterprise Incentives Pool: 200,000,000 XNSThe Enterprise Incentives pool is created to incentivize enterprise users to start using apps running in the Insolar network. The Enterprise Incentives pool will start to be deployed in the enterprise applications launched by Insolar’s clients starting from Q1-Q2 2020. The Enterprise Incentives pool is long-term and planned to be utilised for 3 years (2020-2023) to spark and boost initial adoption for the Insolar network.
The Enterprise Incentives pool serves a role similar to what large tech companies such as Amazon Web Services and Google Cloud do -- boosting adoption via “free credits” (examples:https://aws.amazon.com/activate/benefitsorhttps://cloud.google.com/free).Network Incentives Pool: 100,000,000 XNSThe Network Incentives pool is created to:— reward coin holders for delegating coins;
— reward hardware providers (i.e. nodes) for computing, storage and networking capacities.
The Network Incentives pool will start to be utilised from Q2 2020 when the staking functionality (DPoS) will be enabled in Insolar MainNet. The Network Incentives pool is long-term and planned to be utilised for 10 years (2020-2030).App Developer Incentives Pool: 100,000,000 XNSThe App Developer Incentives pool is created to incentivize application developers to create useful applications (i.e. dApps) for enterprise users in Insolar MainNet. The App Developer Incentives pool will start to be utilised from the end of 2020 when application developers will get the functionality to build custom smart contracts in Insolar MainNet. The App Developer Incentives pool is long-term and planned to be utilised for 10 years (2020-2030).Foundation Pool: 100,000,000 XNS
INS is ERC20 token that is being swapped in XNS Insolar Mainnet native coin
I’ve sent you this info 2 times already. maybe you prefer to read it instead of asking again?
Binance would swap or they will lose customer's money. At least they should announce to withdraw and swap ins immediately. But if they swap late, the users will have delayed vesting than early swappers
Keep receiving them daily. Possibly notifications muted or anything else. Please ask the support on their side
Great respect for the admins here. I would delete every second user who annoys me with the same questions all the time 😐
We’re negotiating swap support with current INS exchanges: Binance, Bithumb and Bithumb Global.
So, the swap is ins1:10xns. There where 50.000.000 INS and there are createn now 500.000.000 XNS. So, if I own 1000 INS now, do I have 10.000 XNS after the swap?
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