Correct me if I'm wrong...my understanding is at time of snapshot, your helium coins allotted will be equal to your current balance of spreadcoin at the exact instance of snapshot?
Or is there a certain window of time after snapshot that you can buymine more spreadcoin and still have those credited toward your helium allotment? (I know, that's kinda sneaky eh? )
If not (which is what I'm guessing is the case)
will there be an ann of the time of snapshot before it happens. Because that is undoubtedly gonna
spike the price of Spread and currently I'm waiting (as I'm sure many others are too) for a good buy in price and don't want to be
caught waiting when snapshot (ann) occurs.
hey i know! maybe have a pre ann for the ann.
Hey, how are you?
We are using the snapshot to fix the number of coins we will close mine. Once we hit a target number of coins, we will open up mining to everyone with a hard fork.
So we will mine 1,000 hlm blocks for about 3 weeks or so. At block height [xxxxxx] we will look to fork off the 1,000 hlm blocks and back to a regular schedule.
All those 1,000 blocks x 2.5 minute x ~3 or 4 weeks mining will be used to distribute coins for SPR redemption. That will generate the conditions for a fork off SPR. We might have to overshoot a little to ensure we match the SPR and HLM snapshots as it might be difficult to 100% predict the SPR mining schedule - two chains mining to a singular point for 3 or 4 weeks, and then diverging.
So we can't keep giving out free coins for SPR swaps after the snapshot date. Sorry about that
