2) After some discussions with the technical team we have determined a protocol of the denomination process. All the balances will be divided forked and divided into 1000, then the trades will start at the price which is 1000 times more than what we have today. It means that if EDCs price today is 3 satoshi, right after the denomination, trading will start at the price of 3,000 satoshi (0.00003 BTC).
The maximum supply will be reduced from 100 billion to 100 million. No more coins will be minted.
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Is every EDC holder ready for the EDC team to decrease the market price again?
Until the EDC ERC20 token drama your EDC coins were (for example) worth $4 a day, now they are worth $0.40. If the EDC team carry out a denomination brace yourself for that $0.40 to be less.
And suddenly they announce with 4-5 days notice that they are scrapping the Ecrofund. Odd how they decide this after all their high ranking friends and recruiters have benefited and gamed the system. Take a look at the EDC wallet rich list.
Want to lease your coins? oops sorry, you need 300,000 coins to make a lease now.