Billionaire Token migration to the EOS Main Net
Introduction
Hello and welcome, fellow Billionaires. We are now just a few days away from 2019 and we would like to take this opportunity and write about where we came from, where we are now and most importantly — where we are headed to in the very near future.
Initially, we had started developing our DAPPS, the Billionaire Games, on the Ethereum Network. The Raffle and Burner were up-and-running just a couple of months after the end of our sale. However, we quickly realized that the Ethereum Network just wasn’t any good for the sort of high-traffic Decentralized Applications that we wanted the Become a Billionaire Raffle and Burner to be.
Players were paying the equivalent of $5–10 in ETH fees, just to register a $1 Raffle ticket. These are sadly, the limitations of the Ethereum Network. We also didn’t really see the Ethereum scaling update as something that was anywhere near completion either. And so, it seemed, the Raffle was practically unplayable. Unless you wanted to lose a lot of money on fees!
One of our developers then came with a suggestion: Move the whole project to an EOSio Blockchain, at a time when the EOS Main Net wasn’t even released. This seemed to be the best option we had, so we decided to go ahead with it.
Fast forward a year into the future — We have finished developing the contracts and the graphical interface for our new, EOSio Raffle. This is currently up-and-running on the CryptoKylin EOSio testnet and is in the ALPHA testing stages. You can play it right now on our website at https://BillionaireToken.com/Raffle .
We are now working on getting the final details in place and then we shall start the swap process in early 2019.
Coinswap to the EOS Main Net
Since Billionaire Token (XBL) already exist on the Ethereum Main Net and have been trading on Coinexchange and Cryptopia since the very launch of our project — XBL holders will be required to participate in a coin swap, to grab a hold of the new and improved EOS XBL tokens.
This may sound confusing, but it really isn’t!
It’s all quite easy if you’re an XBL holder: There will be a new page on the Billionaire Token website. Users will be required to fill in their EOS account name and transfer their XBL. This will all be done through an easy-to-use web interface. That’s it! You just need to make sure that your EOS account name is valid. That’s all you have to do to swap!
Once the users have successfully completed the required steps, they will receive the new Billionaire Tokens, on the EOS Blockchain, and can start playing or trading them straight away.
Cryptopia and Coinexchange will most likely delist XBL from their platforms. But rest assured, there are many EOS-friendly exchanges where XBL will be traded. Much better exchanges.
Upon XBL migration to the EOS Main Net, two things will happen:
1. The supply of Billionaire Tokens will be increased by 33%. This will be distributed proportionally to EOS holders with more than 100 EOS coins. An airgrab and its details (snapshot date, etc) will be announced after actual Coin Swap.
2. Billionaire Token holders with more than 5000 XBL will receive 5% extra XBL only if they participate in the swap process. So if you want to get this bonus, you’ll need to have XBL prior to our swap date!
The swap is planned for Q1 2019. Most likely it will start in January or February. If you are interested in participating, make sure you follow us on Twitter and Telegram.
By the Billionaire Token Team
Because money really is everything
