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Hard Fork Options PDF

The document outlines two options for KCB holders during a period from December 21, 2019 to January 4, 2020. Option 1 allows exchange of KCB to KBC at a published rate, with full trading functionality on January 4. Option 2 books KCB at its original value of 0.14 euros for future use in an IPO. For KCB nodes, the same two options apply, with exchanges processed on January 4 and any remaining nodes available to exchange for KBC multiplied by 2.54. KCB not selecting an option by January 4 will automatically be set to option 2.

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108 views2 pages

Hard Fork Options PDF

The document outlines two options for KCB holders during a period from December 21, 2019 to January 4, 2020. Option 1 allows exchange of KCB to KBC at a published rate, with full trading functionality on January 4. Option 2 books KCB at its original value of 0.14 euros for future use in an IPO. For KCB nodes, the same two options apply, with exchanges processed on January 4 and any remaining nodes available to exchange for KBC multiplied by 2.54. KCB not selecting an option by January 4 will automatically be set to option 2.

Uploaded by

guiloreza rodel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Terms and Conditions for Hardfork options on KCB

In the period from 21st of December 2019 to 04th of January 2020 you can take following options:

The Options to choose:

Option 1:
Exchange your KCB on KaratBit at the published exchange rate to KBC. All exchanged KCB to KBC will
be immediately available in your dashboard. Though, trading, withdrawal and deposits will be possible
starting at the end of 4th of January 2020.

Option 2:
Book your KCB at it´s original value (0,14€) for the future option of the GSB IPO.

The Options on the nodes:

For the KCB nodes those two options as well will be available. You have to opt on your choice.
According to your choice, the exchange will be processed at the end of 4th of January 2020. All
eventually remaining empty seats (KCB nodes ) will be available starting on the 5th of January 2020 for
the current KCB amount multiplied with 2.54 in KBC. The nodes will have the same conditions as
before.

All KCB remaining in the platform until the end of 4th of January 2020 with no selected option by you,
will automatically be awarded with option2.

Important

KCB will swap to KBC on the rate 1KCB = 2,54KBC.


Please check and agree the Terms of Use in your Karatgold Backoffice. By continuing you agree with
the Terms of Use. By continuing you understand the cryptocurrency market rates is subject to
demand and offer.
Frequently asked questions:

1.What happens if I let the two weeks pass and have done nothing?
You have two option to choose in the 2 weeks period. Either KCB to KaratNet KBC or you keep the
nominal value for the regulated market. If you do not choose any option, you automatically will be
driven in option2.

2.What happens to my coins in the time until exchanged in shares?


Nothing. You will hold a certain nominal value to be used in the IPO not later than 18months

3.What do I get for the coins so long?


You get the advantage of participating in a regulated nonvolatile market with the full nominal value of
the KCB.

4.What value do I get for the coins on option 2 for future use?
Exactly the nominal value, 1KCB = 0.14 €.

5.How will the transaction of KCB against IPO option be?


You can choose either option 1- exchange to KaratNet or option 2, nominal value for IPO option. You
will be awarded a certificate for the nominal value, to be used in the future IPO.

6.What an advantage do I have when I exchange the coins into shares?


The comfort of a regulated market. Bonus was already awarded when the bonus KCB has been
allocated.

7.Can I put my KCB on the Exchange after that (14 days)?


You can still deposit KCB for exchange on Karatbit after the 4th of January but it will only be
exchangeable to the second option, the nominal value for future IPO

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