Here is a text of latest announcement from Straks discord for those who haven't looking it yet:
"squbs:
@everyone The STRAKS team have a responsibility to consider all market participants - a sizable part of which are Signatum investors. Decisions made in relation to the swap process - to date - seek to protect all parties concerned, and in a way in which allows STRAKS to grow organically and fulfill its potential with the backing of its nascent but continuously growing community.
It seems a cohort of Signatum investors are fixated on a 6 year swap time frame. Please note that this is a WORST case time frame and will only come to pass if 100% of Signatum holders swap to STRAKS. The expectation that ALL Signatum holders will swap to STRAKS is very remote, However, to ensure that in taking on the fiduciary responsibility to swap STRAKS for Signatum, we, the STRAKS team, need to assume FULL participation in order to meet our obligation as stated, with zero shortfall. I can assure you, we most definitely understand the merits of confidence levels and capitalization to the extent that we are able to cover expectation and uncertainty to a defined level. However, objective consideration will draw anyone to the fact that the approach we have taken is far more approachable for your average individual (albeit, with some guidance).
(... continued from above) The swap-bot is being extensively tested and will be announced very soon. Once an official announcement is made with respect the commencement of the swap period, all Signatum investors will have 30 days to use the swap-bot to transfer their Signatums and register for the monthly swap payments. All Signatum coins will be burnt instantly upon receipt in a transparent manner, which the user should be able to track via the Signatum explorer. This is aligned with the STRAKS team's position to NOT be responsible for the maintenance of Signatum's chain, associated nodes and issues that may arise over the duration of the swap payback period. The STRAKS team will only be responsible for the swap allocated STAK and monthly distributions to swap participants on an ongoing basis.
The first swap payment will be made on day 33 post commencement of the swap period. That is, to be clear, 3 days after the registration of the swap period ends.
You, as an investor, have a choice, you can either trust us, or you can continue holding your Signatums. If you truly believe that STRAKS is only viable because of the old Signatum community, and cannot stand on its own merits, then you are free to disconnect from the STRAKS community and all channels of communication.
Note, the 'devfund' will not be used to run Masternodes. Any payments made to developers and/or the internal team on a monthly basis are rightfully the recipients' funds to do what he/she pleases with. We will not, and cannot, dictate what they do with their funds. We encourage a community solution to allow market participants to be able to operate shared Masternodes, not disimilar to other Masternode coins.
For exposition purposes and to ease understanding please see the attached image for 3 different scenarios." Image with examples of scenarious can be found in discord chat.
Funny how this swap information is STILL hidden from any casual user of bitcointalk. Not saying that this forum is gospel, but when you use it as an advertising mechanism to reach the giant user base, I don't think its unfair to expect major announcements to go on the front page of the thread. But who am I kidding, this information isn't on their website either. And for them all SIGT users swapping would be a worst case scenario, because if you read the fine print, any coins that are left over from the swap, go to the devs! I like how they tell people who disagree to "disconnect from the community." If this coin is based on the community, then why do we have to believe everything the dev says?