DIX – Swap Update 06.02.18

Hello DIX community, 

We have been working hard for you in the preparation for our swap. In order to ensure that we have a fluid one, we will be requiring that all DIX investors please be sure and move your DIX tokens from stocks.exchange to the “Assets” in your NXT Desktop wallet. 

I repeat. Dix investors must move their DIX tokens to the “Assets” in their NXT Desktop wallet. 

We will try and do a “how to” shortly, but in the meant time, you can visit the NXT site and read about deposit and withdrawing here: https://www.nxter.org/how-to-use-nxt-asset-exchange-tutorial/

Unfortunately, after reviewing the distribution of all DIX tokens, 68% of the supply is listed under one wallet. This wallet belongs to stocks.exchange and we cannot see the distribution of the DIX tokens within it, because of this, we have chosen to go in this direction.

We were able to talk with stocks.exchange and verify the amount of DIX that they have in the exchange, and it is accurate. They also did share a small break down of the top 10 wallets and how many total wallets they roughly had. The distribution was much better than we had originally thought. They unfortunately could not disclose any more details.

In order to ensure swap accuracy for both the investors and the team, and also in an effort to not bog down stocks.exchange with withdrawals, we are informing all DIX investors that this is a mandatory step in order to swap over to the new coin and blockchain. 

A snap shot will be taken prior to the swap. This will allow us to verify all the information to ensure investors receive their new coins. If you are not in the snapshot, you may miss your window to swap. We urge that you act now and begin processing your DIX in case of any unforeseen issues along the road.

We would also like to announce that a swap ratio has also been decided. 

We will be doing a 35 day swap window. Rather than doing a 1.5:1 swap, we have decided that we will offer: 

Days 1 to 5 – 1:1 swap

Day 6 to 35 – 2:1 swap 

Day 36 – DIX token will no longer be eligible to be swapped over. 

We believe this serves both the investor that wanted to hang onto their coin count, but also serves those who did want to see a reduction in supply. Early birds will benefit and we hope that those early birds will be our current investors who have been supporting our efforts and holding.

We again want to thank the community for being so patient. We have been working hard to plan great things for this community and have been working diligently towards the execution of this.  Going forward, it’s our hope to be able to release up coming information on a much quicker basis.

Thank you again, 

Kratos

Dix Asset Team

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