Hello everyone so just doing a friendly PSA to let everyone know that CV2 (Colossus Coin 2) will be doing a swap soon.
CV2 will be converted into COLX which would potentially allow it to be added to bittrex, since they do not support coins that have a number in their ticker.
The developers want their coin to be "Green" or eco-friendly, so they've opted to be purely Proof of stake to minimize the environmental impact that mining has. The swap will be using PIVX as a main focus, meaning that COLX will have all the perks of PIVX - masternodes, staking, darksend and more click the link below for everything regarding PIVX and what it brings to the table.
https://pivx.org/what-is-pivx/features/
This swap will be hosted by www.novaexchange.com and will swap all CV2 at a 2:1 ratio for COLX, all unswapped coins will be burnt. Currently and this is pure speculation from what I can gather there's approximately 5-6 billion CV2 that have been active recently (within the last year). Meaning the total supply of 22b CV2 could be converted to approximately 2.5-3b COLX, some of which will remain in use as masternodes and the coin amount of a masternode has yet to be fully decided.
A few other things to take into account as to why I can say this is a good buy at its current price of .75 sat. Is that, well I'll quote http://colossuscointalk.org/index.php for this but from one of the developers --
Sudo23 [16|Aug 11:34 AM]: hello guys
Sudo23 [16|Aug 11:34 AM]: I have very good news
Sudo23 [16|Aug 11:35 AM]: I have spoken to presstab, a well known and very experienced Cryptocurrency Developer (he made Hyperstake for instance and he is Core Developer of PIVX)
Sudo23 [16|Aug 11:37 AM]: We will do the Coin Creation Job exclusivly for us - so we are on the safe side
Sudo23 [16|Aug 11:38 AM]: and as a bonus, I have contacted logocreator, he will design a new COLX ColossusCoinXT Logo and Wallet Splash
Sudo23 [16|Aug 11:38 AM]: :)
Sudo23 [16|Aug 11:39 AM]: The new COLX Wallet will be awesome!!
Sudo23 [16|Aug 11:41 AM]: We have one of the best Developer and one of the best Designer in Cryotoworld on Board :) Presstab is creator of presstab.pw - our awesome BlockExplorer Service and he is an expert in PoS Coins
Sudo23 [16|Aug 11:51 AM]: " Presstab has been a freelance cryptocurrency developer since 2013, and has contributed to various projects, focusing primarily on Proof of Stake. Presstab has brought various features to PIVX such as Proof of Stake, Multi-Send, BIP38, Auto Combine, and more"
So with all of that information its very easy to see why the CV2 community is excited.
The swap will begin Aug 31st-Sept 1st.
Been looking forward to this. The ANN states that 20 millions cv2 coins are needed for a MN. Time to get ready for the swap :)