Will CPT be removed from circulation?
The CPT token will not be removed from circulation. The exchange of CPT for LIXI will always be available at a one-to-one rate.
FAQ Category EN: CPT for LIXI Exchange
My CPT tokens are stored in MyEtherWallet, how can I exchange them for LIXI?
To exchange CPT for LIXI, you need to transfer them to the CPT Point platform.
What about the distribution of LIXI tokens?
The exchange of CPT for LIXI will not lead to a redistribution of tokens — those who own CPT tokens and exchange them for LIXI will own the same number of new LIXI tokens. Those who do not exchange remain the owners of CPT tokens.
When will the new LIXI tokens be transferred to Latoken exchange?
So far, we do not plan to list LIXI on third-party exchanges. Our main goal now is to ensure liquidity on the CPT Point platform. However, we will also make it possible to convert LIXI into other assets which can then be withdrawn.
Will Latoken convert my CPTs to LIXI?
The new LIXI coin circulates only within the CPT Point platform and has no connection with external exchanges such as Latoken or HitBTC. To exchange CPT for LIXI, CPT tokens should be transferred into your personal account on the CPT Point platform.
What are the advantages of LIXI over CPT?
The freezing of LIXI tokens during the initial exchange as well the exclusion of CPT tokens stolen during the two hacker attacks from circulation will lead to a very limited number of LIXI tokens being in free circulation. This will stimulate LIXI rates and help market makers to effectively work on its promotion in the …
I keep my CPT tokens on a third-party exchange (Latoken / HitBTC) where the withdrawal fee is unacceptably high, how do I exchange my CPT to LIXI?
There’s always an option to postpone the transfer until the CPT price rises or the Ethereum network’s transaction fees plunge.
What happens to the CPT token after the launch of the LIXI token?
The CPT token will remain in circulation and will be available for trading on all existing platforms (HitBTC, Latoken, CPT Point). Its value will be determined by its availability for exchange for the LIXI token that will be used as the settlement unit in the Cryptaur economy.
Is it fair to freeze 95% of tokens in the exchange process?
This exchange is optional for CPT holders. By agreeing to the exchange, the user agrees to its terms. Freezing of tokens is necessary in order to ensure a smoother transition to the new token and avoid sharp rate fluctuations, so this measure is in the common interests of all holders.
Is the CPT to LIXI exchange obligatory for the holders?
The exchange is not obligatory, and it can be done anytime using the fixed one-to-one rate. The only point we draw your attention to is that the time needed to unlock LIXI tokens received for CPT starts being counted from the moment of the exchange. Thus, the earlier the exchange is done, the earlier the …
Is the CPT to LIXI exchange obligatory for the holders? Read More »