This is copied from the HitBTC Facebook page!
Dear Traders,
Those of you who hold DigixGlobal tokens (DGD), are entitled to ETC coins, which were formed on Ethereum main blockchain before the hardfork. DigixDAO project had recently announced global refund of these coins.
And we are glad to cooperate with DigixDAO and offer you an easy way to get this ETC redemption!
How will it look like for you and what should you expect exactly?
You deposit DGD on your HitBTC main account;
As soon as Ethereum chain reaches the block #3800000, a snapshot is being taken;
And after the snapshot you receive your ETC! For every 100 DGD you’ll receive ~23.25 ETC.
For those who are curious and wish to know how this works:
Special Ethereum-based token DGDR will be created and assigned to DGD holders. 1 DGDR = 1 DGD. DGD holders receive DGDR on top of their current balances, so after the redemption process completion they will have both DGD and ETC on accounts.
DGDR will be converted to ETC with the conversion rate about 23.255 ETC per 100 DGDR.
All DGD holders will be credited by ETC in accordance with their balances at snapshot time. Snapshot will be taken for all the DGD holders’ accounts on Ethereum Main Chain at the block number of #3,800,000.
scheme copy
This is how much you will get per DGD, 100 DGD = 23.25 ECT!
So 23.24 Divided by 100 = 0.2324 ETC per 1 DGD!
So what every you have in DGD X By .2324.
0.2324 X 100 = 23.24 on Average!
Hopethis helps!
Please note that we will have to stop all operations with DGD at May, 30th 13:00 UTC to safely handle users’ DGD tokens before the snapshot.
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://blog.hitbtc.com/digixdao-refunds-etc-coins-to-dgd-holders/
Interesting blog. Good to see I'm not the only one who thinks like this. Not sure if I believe in the current crypto investment climate but I do believe in the blockchain. We really need more insights in the market and previous investment results. I was wondering if anyone of you uses: https://www.coincheckup.com The site is my go to place for crypto investment analaysis and indepth coin research. Check for example: https://www.coincheckup.com/coins/DigixDAO#analysis To watch DigixDAO Report
👍