Announcement - Making NEWB Market More Simple
Although, we tried very hard to keep NEWB on C-Cex exchange unfortunately C-Cex decided to delist us. Far from being a negative this event opens up a great opportunity for us to simplify the NEWB market.
Since the beginning NEWB tokens have existed on two separate blockchains. 51% of tokens on NXT Blockchain and 49% of tokens on Ethereum blockchain. This situation was complicated and caused confusion for the community. To fix this problem we plan to migrate both the 51% of NEWB on NXT and 49% of NEWB on ETH into a single Ethereum token with 100% of coins or 100 million tokens.
This move will bring major benefits for our community:
1. One Wallet (Ethereum).
2. NEWB market becomes united.
3. Marketing becomes easier.
4. NEWB token integration into Newbium platform becomes easier.
Timeframe: 4 monthsWe plan to complete the migration before September 30th, 2018. The majority of the time will be taken up with R&D specifically contract code but also deep study of new ERC standards for example ERC777.
NEWB_NXT to NEWB_ETH SwapIf you have NEWB token on NXT blockchain or on C-Cex exchange then you will need to swap your tokens for NEWB tokens on Ethereum blockchain. Please see the swap instructions here:
https://coins.newbium.com/post/16034-newb_nxt-to-newb_eth-swap