🗣️ Tips To Prevent Losing Coins Following The Launch of DMD v4.✨✨
We have continued to boost a community-driven project since the inception of our ecosystem. Over the years, you’ve placed your trust in the blockchain, and we won’t also jeopardize your presence here. The reason we try to offer you value every time.
When DMD v4 comes into launch fully, DMD v3 coin owners would have the opportunity to claim the v4 coins in a ratio of 1 to 1. This means that for your 1 DMD v3 coin, you get an equivalent of 1 DMD v4 coin once you claim it.
Below are tips to prevent losing your coins following our upgrade to V4:
👉 As a DMD v3 coin holder, do claim the equivalent DMD v4 coins within 3 months following the date of the mainnet launch.
👉 When you claim your coin between a period of 3–6 months post mainnet launch, you are only entitled to 75% of the initial coin as your new v4 coin, while the remaining 25% would gradually be reinserted into circulation as Epoch rewards and DAO project funds.
👉 Between a period of 6 months to 5 years, you can only claim 50% of your initial DMD v3 coins, while the remaining percentage is reinserted as well.
👉 Any moment after 5 years, the claiming period stopped. All unclaimed coins are pushed to the DAO System Pot and Reinsert Pot.
👉 Coins that are staked on a 10-year inactive validator would also be termed as Abandoned Coins and would be directed to reinsert pot — subsequently used for rewards and DAO funding.
👉 The system of recycling your coins would only work if you have access to your wallet. If anything otherwise, the coins would be reinserted into circulation.
Stay safe!
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