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faq_token_swap [2018/12/21 20:00]
cryptoguard
faq_token_swap [2019/06/28 11:28] (current)
allien
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 A voluntary contribution round was started on March 18th, 2017 and lasted for 4 weeks. During this time, existing ShadowCash coin holders were offered the possibility to exchange their SDC coins for PART coins at a 1:1 ratio. ​ A voluntary contribution round was started on March 18th, 2017 and lasted for 4 weeks. During this time, existing ShadowCash coin holders were offered the possibility to exchange their SDC coins for PART coins at a 1:1 ratio. ​
  
-To get funding, most projects go through an ICO round where investors exchange cryptocurrencies in exchange for an ICO coin. We instead chose to bootstrap the new Particl blockchain to the Shadowcash blockchain and go through a coin swap process on which the possibility to donate an extra amount of Bitcoin in exchange for a bonus of PART coins was added.  +To get funding, most projects go through an ICO round where investors exchange cryptocurrencies in exchange for an ICO coin. We instead chose to bootstrap the new Particl blockchain to the Shadowcash blockchain and go through a coin swap process on which the possibility to donate an extra amount of Bitcoin in exchange for a bonus of PART coins was added.
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-This funding strategy was designed and proposed by our [[https://​www.mme.ch/​en/​|legal advisory firm partner MME]], the same firm used by the Ethereum Foundation. It ensures that the PART coin is not considered illegal security and is **fully compliant with local and US laws**+
  
 **Particl is a new project entirely, not a rebrand of Shadowcash.** **Particl is a new project entirely, not a rebrand of Shadowcash.**