CDL: change of the blockchain

As you already know, we are taking care of our service because we want to provide the best platform with the most advanced features in the industry. And it’s the same thing with our CoinDeal Token (CDL). Because of that, we decided to change the underlying blockchain architecture on which the CDL is supposed to function. We will be switching from EOS to Ethereum.

True values of cryptocurrencies

We want to choose the best solutions for our native token. First, we were convinced that EOS has a bright future ahead of it. However, recent ongoings and the development’s direction of EOS concerned us. So we started to look for an alternative. As it turned out, Ethereum’s blockchain is the best available solution for CDL.

We are convinced that such values as decentralization and immutability are the most important in the crypto world. Ethereum grants that for cryptocurrencies. Furthermore, Ethereum 2.0 will be released soon and that will change the landscape of cryptocurrencies. We want to be a part of those changes. Ethereum has proven many times that it is the most dependable platform for new coins and tokens.

That being said, we still support EOS as a cryptocurrency on our exchange and as a blockchain. We just won’t be using it as the underlying blockchain architecture for CDL.

No additional work required

Also, we want to assure you that the switch will be conducted seamlessly. We will create a hybrid ERC20 / ERC223 token, and you don’t need to do a thing. If you’ve already claimed your free tokens, those will be converted to the new Ethereum based tokens.

We are focused on providing the best platform for you, and we believe that this change will bring more benefits to our users.