|I hope you all had a wonderful Christmas and are all looking forward to the new year 2020.
Thank you for all your emails over Christmas. If you sent one before the 29th, you need to send it again because I didn't read any. When It's time to work, I work hard but when It's holiday time, that means no reading emails or messages.
I will be back to opening emails and attending to all my organisations queires from the 2nd of January. And from then we go all out working, earning and building our teams and our passive income until the Easter break so get yourselves ready.
So here are the important updates and answers to the questions you sent this week.
1. Why is the window to do the swap so short?
Ovidiu Toma, our Chief Technical Office, explained this well in Madrid. It is not a short window as most think but for those of you who were not there...
We had been told to set up our Karatbit accounts and link them since September and to be ready for an announcement on the 15th of December. If someone had not paid attention and read their latest news for three months and realised over Christmas they had no Karatbit account that's not the company's fault.
Everyone needs to pay close attention to their accounts, their business, what they bought and how to manage what they bought. My duty is to explain how these are all done and what and what to do and how to them. I played my part by writing newsletters every week, and sometimes about 3 times a week or more. So there should be no excuses about not been informed. At least not from people in my organisation.
The swap has to be done by the 5th of January so the company can calculate the circulating supply and can start getting the exchanges ready to accept the new KBC in place of the old one.
Each exchange will also give a window in which you need to get old KBC out and on to Karatbit to swap it for new KBC. If you have KBC on an exchange and you forget to move it out by a certain date you will lose it.
In short - If you have KBC on an exchange or in a wallet get them over to Karatbit and avoid any issues. Do it now. Don't wait. The thing to remember is that this is how these things, hardforks, are done.
They knew the KCB swap had to be done between the 15th and 5th which is why they gave us three months notice.
I set up my Karatbit and linked it to Karatbars in September. My KCB were moved from my Karatbars dashbord to Karatbit around the 20th of December. It's been like clockwork because I read my latest news and follow instructions.
*Update from IT as i write this.... *More KCB were moved today to Karatbit from karatbars/karatgold for those who were late with linking their accounts. Please be aware that the coins may have been moved to Karatbit but might still be showing on karatbars.com or Karatgold.sg. Please check Karatbit to see if they are there as they might be showing on both.
2. Is it difficult to swap my KCB for KBC or to convert my nodes?
No, it takes less than sixty seconds. So between the 15th of December and 5th January everyone should be able to find sixty seconds.
To make it even easier we made this short video today which shows you how to do it.
Please watch it at https://youtu.be/CVUjn2JagBc
3. Should I choose KBC or Vouchers for the IPO?
That's a question for each person to answer. The choice is made more difficult because we have no paper information on the new company yet.
We know the company now has mines. The company will have franchises. The company are involved in autonomous vehicles and satellites so it's very exciting stuff. If you watch the recorded live streams from Madrid on youtube you can learn about it all.
If people choose to swap to KBC and the KBC price drops they will be unhappy. If it goes up they will be happy. If people choose vouchers and the value of the new company goes through the roof they will be happy if it doesn't they won't!
Personally, I have exchanged some of my KCB into vouchers and some into KBC so I will be splitting what I own between the the two options.
The short answer is "Only you can decide what you want for you".
4. What if I don't decide to do anything?
The KCB you have will be converted to vouchers so you won't lose anything. Every KCB will be worth €0.14 in the public company. It could end up being the better option! Time will tell.
5. What if I can't get into my Karatbit account?
You need to email email@example.com with your name, email, skype ID, and a picture of yourself holding your ID and a piece of paper with today's date on it and with the words "please disable my 2fa"
You need a Skype account so they can do a video call to you to ensure it is really you.
This is not something anyone should be doing at this late stage but people have left it late as usual and the support team is working around the clock to handle these requests. The issue is the scammers are also sending in fake requests so the more detailed your request is the better.
Please read the timeline below again so you understand whats happening. If you read my Newsletter and read the latest news on your Karatbars dashboard and act on the information you will never have any issues.