An Important Update From our Team at Coin
Over the past two years, we as a team, company, and community have experienced an eventful journey together. This has included the deployment of several platforms and working across the blockchain and banking industries to discover product-market fit. The culmination of this work has resulted in bringing to market the Coin network — a series of smart contracts, decentralized exchange, and staking reserve… all centered around the $COIN™ token.
When we began our journey, the company deemed $COIN™ a security and registered offerings with the United States Securities and Exchange Commission (CIK# 0001733261). Fast forward to today, the Coin network is now operational for users to consume with direct use of $COIN™. As a result, the company has decided to convert $COIN™ from a security to a utility token. Thus, unlocking the power of the token itself as well as its liquidity and ability for listings on exchanges across the industry.
To display our gratitude for your continued support and patience, we recently airdropped additional tokens to all wallets holding the $COIN security token. This represented an ~17% bonus in relation to your current balance. To take advantage of the Coin network, you will be required to upgrade the $COIN token to a new version which includes bug fixes and feature upgrades for gas savings and lower network transaction fees in the network itself. The required upgrade process on the new Coin Exchange can be found here using the Coin Exchange app at https://app.coindefi.org.
Once upgraded, token holders can leverage the token within the network (learn more about one of the ways you can leverage your token within the network) OR actively trade it on Uniswap. (Uniswap is a decentralized exchange where you can exchange one cryptocurrency for another. For example, you could swap COIN for ETH, then exchange your ETH for fiat currency like USD. Fiat exchange is not available in Uniswap; however, is supported on exchanges such as Coinbase). Coin has locked over $3M in liquidity within the $COIN Uniswap pool to ensure that token holders will always have a liquid market for exchange.
Moving forward, our mission is to continue to grow the Coin network including the Coin Exchange, our P2P (peer-to-peer) cross-chain decentralized cryptocurrency wallet, exchange, and AI assistant that is powered by atomic swaps and artificial intelligence. We welcome you to try the platform today including the ability to stake your $COIN tokens to earn rewards and more $COIN. Throughout the year, we will continue to add features such as social logins, 3rd party wallet support, additional tokens, and more.
Alongside community feedback and market demand, we believe that these strategies best position the company for both short and long-term success. The liquidity strategy coupled with the company’s new direction will form a solid foundation for Coin and the $COIN™ token to build upon for years to come.
We will continue the formal review and remediation of the network with a third-party security firm before ultimately releasing it to the public. Please remember that V1 is a base build that is a focused experience centered on core utility. V2 will be polished with UI enhancements, full AI integration, browser extension support, and more. Here is a sneak peek of the UX / UI for the browser extension experience of Coin Exchange V2.
Full execution of our marketing will commence following the network operating as intended and meeting the expectations of our users and the subsequent launch of the Coin Exchange V2.
We are witnessing a huge revolution. Web 3.0 and the internet of money are transforming how we transfer value. Nations are creating their own digital currency, celebrities are creating NFTs, and more. The market will demand new, simple, and secure ways to store and manage them. The potential for cross-chain interoperability is severely underestimated. There are currently over 100 countries, millions of communities, and billions of consumers in the world. Multiple that by the hundreds of blockchains that exist to get a glimpse of why cross-chain interoperability is absolutely necessary. The blockchain industry is still early and we will be on the forefront in helping new consumers and communities adopt digital assets.
Join us on April 13th, 2021 at 2 pm CST as we cover the following topics over YouTube live on our YouTube channel here:
$COIN utility token upgrade process
Coin V2 Preview
Ask Us Anything
Frequently Asked Questions
What does this mean for existing $COIN™ token holders?
Existing $COIN™ token holders will have the opportunity to upgrade and convert their existing security tokens to the new utility token for use in the Coin network. They will be able to take advantage of increased liquidity, usability, staking, and much more.
Why do we need to upgrade the $COIN™ token?
Previous versions of $COIN should be upgraded in order to take part in the security-to-utility token conversion upgrade. The upgrade also includes new engineering that provides gas savings on transactions in the Coin network as well as minor bug fixes.
Where can I find out more information regarding Coin?
Telegram Chat: www.t.me/coindefi
Telegram Announcements: www.t.me/coinannouncements
Where can I find out more information regarding the $COIN™ token?
This information can be found in section 3.0 of Coin’s Business Plan/Whitepaper, which is available for viewing on our website at www.coindefi.org.
Where can I find Coin’s roadmap?
This information can be found in section 7.0 of Coin’s Business Plan/Whitepaper, which is available for viewing on our website at www.coindefi.org.