STRAKS NEWS

Straks swap will be split up over six years

Straks swap will be split up over six years. What does this means? If you swap 1000 SIGT, you will get 250 STAK split up over 6 years. The time it takes you to swap depends on the total coins being swapped. If the 50% of Signatum current supply is swapped, then the process won't take six years but three.

Pros

  • Straks inflation will be way lower
  • Straks price won't be tied up to Signatum
  • A non-instant swap won't destroy Straks value
  • Swap will probably take less time since not every single SIGT will be swapped
  • More fair for miners

Cons

  • Long time swap process
  • Only 1,728,000 SIGT will be swapped per month

For more information please visit https://github.com/straks/straks#the-swap-mechanics

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