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KarmaToken to leave Counterparty for Ethereum; Coin swap opening August 03, 2017


A few days ago the Good karma Society has announced the plan to migrate their Karma Token (ticker KTN) from the Counterparty Platform to the Ethereum Platform.

After long and hard consideration of all pertinent matters, transferring from COUNTERPARTY to ETHEREUM platform proves to be advantageous for all of us (especially you KTN holders). – CryptoTraderGuildGM, Good Karma Society.

The total tokens will be raised by a factor of 10, from 18,400,000 XCP based Karma Tokens to 184,000,000 ETH based Karma Tokens. The number of KTN will still be locked and no further issuance beyond 184,000,000 will be made.

The swap rate will be 1 KTN (XCP based token) = 10 KTN (ETH based token) for the whole swap period. Swap offer will be open for 1 full year using the same rate from start to finish. From August 03, 2017 to August 03, 2018.

ALL XCP wallet addresses used to receive the KTN from KARMA (x11) to KTN swap will get to swap their KTN for the Ethereum based KTN, free of charge. All other XCP addresses not included on that whitelist, need to send 0.003 ETH to cover TX fee and service.

All other plans and roadmap, will continue as they are, only now the token platform will be changed.

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