Same for me. Funds are frozen. Also the price seems to be inaccurate in Coinbase. Please let me know when a solution has been found. Thanks.
1 Like
1 Like
So⌠is the plan to force a swap at 100:1 ratio? Thats a loss of around 50% for any fx core holders on coinbase.
3 Likes
there is no loss, you will still be holding the same % of the supply you always have, the fx is mostly swapped out so your really looking at a false value for fX anyway, there are no advantages to stick with holding FX - the Project has moved forward Updating upgrading into the PUNDIAI token, after the swap period has finished the FX becomes unsupported and abandoned, so your choice is upgrade and continue supporting the project or not. itâs not about force itâs about delivering the future direction progression the network token supporters voted for over a year ago being completed, this started over a year ago, normally a swap would only grant you 1 year to get up to date, this time they wanted to not leave anyone out and chose 3 years, which has really bite them in the ass because if it only went 1 one year we would not have had this exploit on the swap contract, so in the process of doing holders a favor has now turned into a scare against their good nature. so the real down fall to the project is caused by Exchange and those that did not promptly do the swap leaving us exposed to a higher risk of exploit, the danger continues if the contracts have to stay open
Link doesnât work. Just says that the converter has been hacked and is no longer usable. You guys need to figure out your stuff.
1 Like
Also it would be a loss even if the market is diluted youâre making us half our value.
2 Likes
Before transfers paused, FXCore holders could sell and buy PUNDIAI at nearly 200:1 on open markets without the swap.
There is several challenges:
- no matter what way you slice it. Holders will see immediate loss of value and get fewer PUNDAI then on open markets prior to the pause
- Coinbase doesnât list PUNDIAI, so a swap would leave holders unable to trade forcing them to withdraw and incur fees
- PUNDIAI has low liquidity on exchanges if sellers attempted to sell swapped tokens they may incur further losses
- trust risk for coinbase. Investors will look at exchange forcing the swap at a worse outcome
In short a swap would cause investors being stuck with tokens worth less than before, with no ability to trade them on Coinbase.
1 Like
the swap is by quantity not value, thatâs the way all swaps are done, no mater how you paint it if you have loss, itâs because you chose to stay in fx or buy in at a higher rate after the swap began. other wise your quantity % of the supply dose not change. the ability of the value coming back to where it was or higher is as possible as the coin it was.
If this is what the project proposed; this is probably the delay. coinbase is a regulated exchange and has more risks to consider and a duty to act in the best interest of its customers.
Exchanges know and understand how a swap works, the project is working on the exchange ability to process whatâs required, there is no foul play, the project will see that the funds are secured, it still in a process, when answers are released everyone will know until that point we can only wait.
I think this team is more focused on trying to explain the why this is happening and missing the what you plan to do about it. Coinbase users simply want an answer as to when their funds will be unlocked, simple as that. They are not interested in hearing any other details about the situation. According to Coinbase, they have no plans to support the swap or Pundi ai token, meaning the only way anyone will be able to convert their tokens to Pundi ai, fiat, or another token, is to end the pause. So the question myself and others would appreciate being answered is this: When will the contract pause end?
3 Likes
swap contract may of been recreated, the old one had a few years left, so thereâs still time. the Hold up is not the Project, CoinBase holds the funds - itâs under their power. if they where to release it to PUNDi the project could swap it and air drop it back to wallets, Or Coinbase could open up transfers and allow you to do as you wish, the project can only tell you what the exchange tells them, if the exchange tell the project nothing the project has nothing it can tell you other than what they have, which is they are in constant communication with the exchange and are working on it as best they can.
I understand Coinbase holds the funds I can see them in my account. I asked one simple question which you made absolutely no attempt to answer directly. When will the contract pause end?
as far as I know the swap contract is not paused, link i put here from Indra is a few posts up, he only posted that within the last few days.
Unless some sort of deal is made between the project team and Coinbase as far as swapping tokens, the only way any FX token holder will be able to access their funds is by unpausing the contract. Iâm not debating whether or not the project team has valid reasons to pause it. You got hacked I get it. But there needs to be a solution, this has gotten dragged out for days. Coinbase is pointing the finger at the contract pause. You are pointing the finger at Coinbase. And a lot of people are getting hurt in the process.
1 Like
not paused read post above, @indra please leave a response here iâm going in circles.
Iâm not talking about the swap. Iâm talking about the fact that Coinbase FX token holders cannot transfer their funds off the exchange to even attempt to swap to begin with.
1 Like
Youâre going in circles because youâre not making any sense. The swap is the second problem Coinbase FX holders are facing. The first problem is we cannot move our FX tokens off the exchange because the smart contract has been disabled, leaving us stranded.
1 Like
thatâs a transfer halt by the exchange, not a contract pause, Again itâs in the Exchanges Ball court, not the projects