Hello, it is Team T.OS.
Thank you for always supporting TOSC.
First of all, we would like to sincerely
apologize for closing the deposit and withdrawal in exchanges (Coinbene,
Bitforex, and Knockcoin), causing inconvenience.
As the mining market for cryptocurrency
faces a downward spiral, small and medium-sized cryptocurrencies often have
received 51% attacks by some miners who possess large hash power, causing the
network to be unstable. To cope with the situation, Team T.OS had to
temporarily close the deposit and withdrawal in order to protect our investors’
asset. We thought about many ways to increase the value of TOSC and
fundamentally solve the issue at the same time. We analyzed some measures
thoroughly, including converting the consensus way to POS. As a result, we came
to a conclusion that we will swap TOSC with ERC20 token, which is based on the
Date : 2019-February-27th at 12 p.m.
~ 2019-March-26th at 6 p.m. (Korea Time (UTC+09:00))
Swap ratio: 1 existing TOSC ↔ 1 new TOSC (ERC20
How to swap :
Exchange wallet (Coinbene, Bitforex,
Knockcoin) will be automatically swapped.
Individual wallet (smartphone, PC)
can be swapped under the “Swap” menu in the T.OS website.
Miners : Mining will be approved only until 758400
block. Transactions made after 758400 block will NOT be subject to swap.
Once again, we apologize for the
inconvenience. Through “Swap,” Team T.OS will enhance the value of TOSC by
reducing the amount of circulation, which was the shortcoming for POW. We will
inform you more often to deliver news that could increase the value of TOSC.