Hello everyone, this is an article dedicated to the participants in the Airdrop that we organized in 2018 and who have not had the gained tokens yet.
This is to let you know that our Account Manager is now live and you can start verifying your account (only international passport is valid).
DO NOT RUN THE KYC IF YOU DON’T HAVE AN INTERNATIONAL PASSPORT AVAILABLE AS YOU WON’T PASS IT AND YOU WON’T BE ABLE TO DO IT AGAIN!!
The old ICO platform is no longer valid as it is replaced by the new Account Manager. All the Pending Withdrawals of the old Panel have been deleted and the platform has been closed.
Once your account is enabled, you’ll be able to allocate your token in Genesis.
If you do not intend to verify your account, at the moment you will not be able to carry out any transactions with btsg tokens, until the peggy zones on Cosmos are released, when you will be able to move tokens in a decentralized way. The same thing is valid if you don’t have an international passport to be able to do the KYC, you can stay in bitsong and wait for the peggy zones.
As for the referrals that each of you brought, the distribution system has been changed and will work as follows:
The total amount of btsg that you have accumulated through the referrals, will be divided proportionally by the number of accounts you have presented, this means that:
- if John has accumulated a total of 5000btsg for bringing 100 referrals to BitSong, then the amount John will get for each Referral will be 5000/100 = 50btsg.
- referrals will remain locked and will be unlocked one by one once they run the KYC in the Account Manager and become enabled accounts, so for example if Mark is a John referral, when Mark has taken and passed the KYC test in the Account Manager, John will be automatically unlocked 50btsg of his referrals.
We remind you that BitSong will no longer release any token in the erc-20 standard but only in bech32, therefore Bitsong Mainnet.
The erc-20 version of the token will continue to coexist as ours is a cross-chain token.
At the moment it won’t be possible to swap from btsg bech32 to btsg erc-20, it will be possible when the next peggy zones on Cosmos are released, it will instead be possible to swap from erc-20 to bech32 for those wishing to enter the Mainnet, through the Smart Contract that we will open before the Mainnet for a certain number of days, by then be closed again momentarily before the launch of the Mainnet-1.0.
If any further support is needed from our side, do not hesitate to get in touch.