1. Why need to airdrop a new token?
In the case of the existing PCH ERC-20 token(the “PCH token”), there is no special function in the token itself, so even if the PCH mainnet coin(the “PCH coin”) is issued, the participants still able to trade the PCH token if they want. In this case, the mainnet coin and PCH token may be traded on the market at the same time. This is not the situation we expected. We deeply considered various methods and decided to airdrop a new ERC-20 token that can suspend token trading after the mainnet coin token swap.
2. What is the name of the new ERC-20 token?
The name of the new token is POPCHAIN CASH TOKEN(PCHT).
3. When will airdrop the PCHT?
Immediately after this announcement released. (19.10.07, 16:00 PM, GMT+9)
PCHT will be airdropped based on Etherscan data(19.10.04, 00:00, GMT+9), and POPCHAIN participants should check the wallet address where PCH ERC-20 was previously stored. If you already deposited your PCH token on GDAC exchange, it will be automatically converted to PCHT.
4. What is the distribution rate between PCH token and PCHT token?
The ratio is 1: 1
5. Are there any precautions?
Please DO NOT trade your existing PCH token after this announcement is released. Since the existing PCH token does not have the function to temporarily stop trading of tokens such as ‘Freeze’, there is a possibility that we send the wrong number of PCHT token airdrop.
We have informed various times about suspension of PCH token trade, but we are asking you again DO NOT trade the PCH tokens anymore.
In addition, those wallets with less than 5,000 PCH ERC-20 holders are not included in this airdrop. Please contact us individually at contact@popchain.co.
6. How should I participate the token swap after this airdrop?
After this notice, PCHT is the only currency that POPCHAIN foundation officially supports the token swap to PCH coin.
You will not able to participate in the token swap with existing PCH token anymore.
POPCHAIN Desktop wallet will be launched this month, then you can participate in the token swap any time. We will announce this soon.
If you participated in the token swap with via email, and already send the existing PCH token to the foundation, we will send a new PCHT ERC-20 token to your wallet address which you send to us PCH token.
If the token swap will be completed, POPCHAIN foundation will take steps to prevent further PCHT transactions through the ‘burn’ and ‘freeze’ functions.
7. What happens if I trade an existing PCH token after the airdrop PCHT token?
POPCHAIN Foundation has already announced about this issue several times.
After this announcement is released, the existing PCH token will not only unable to recognize as the POPCHAIN’s official currency anymore but also not able to participate in the token swaps.
The POPCHAIN foundation not officially responds to any transactions of existing PCH tokens.
8. When will be the airdrop events token distributed?
It will be distributed a week after this announcement released.
Please check our next announcement.
9. When will GDAC Token Swap end?
We keep communicating with the GDAC exchange. And we will share more information when the exact schedule is determined.
POPCHAIN Foundation
