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The current state of the TOKEN asset

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Author Topic: The current state of the TOKEN asset  (Read 2437 times)

shin

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The current state of the TOKEN asset
« on: December 08, 2014, 02:45:04 pm »
Dear James,

I've bought TOKEN a while ago and it seems that I've missed the announcement on BTT, Sept 28th, about the conversion of this asset into SuperNET.
Quote
Redeem TOKEN for SuperNET
If you have TOKEN on NXT AE, send it to: NXT-7Y5B-J8LQ-SL5P-3ULFL (alias: RedeemTOKEN)
It will be converted to SuperNET and sent back to your account within 24 hours. It is done via a manual process run by valarmg
source: https://bitcointalk.org/index.php?topic=762346

The question is now, what should I do with this asset? The last transaction on the abovementioned account is a message from someone who is asking where his/her SuperNET assets are apparently after they are sent for conversion. I wouldn't want to just send my TOKEN there now, would I?

Has TOKEN lost its value and become a vapor-asset and should I just accept that my NXT is lost with this asset?
Or is there any other way for me, and other TOKEN asset hodlers for that matter, to somehow have TOKENs converted into SuperNET (or even better UNITY) and regain its value?

Thanks in advance.

Shin

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Darkhorse

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Re: The current state of the TOKEN asset
« Reply #1 on: December 08, 2014, 02:52:07 pm »
i believe the asset is still legit and exchangeable to Supernet.
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jl777

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Re: The current state of the TOKEN asset
« Reply #2 on: December 08, 2014, 06:20:45 pm »
Quote from: shin on December 08, 2014, 02:45:04 pm
Dear James,

I've bought TOKEN a while ago and it seems that I've missed the announcement on BTT, Sept 28th, about the conversion of this asset into SuperNET.
Quote
Redeem TOKEN for SuperNET
If you have TOKEN on NXT AE, send it to: NXT-7Y5B-J8LQ-SL5P-3ULFL (alias: RedeemTOKEN)
It will be converted to SuperNET and sent back to your account within 24 hours. It is done via a manual process run by valarmg
source: https://bitcointalk.org/index.php?topic=762346

The question is now, what should I do with this asset? The last transaction on the abovementioned account is a message from someone who is asking where his/her SuperNET assets are apparently after they are sent for conversion. I wouldn't want to just send my TOKEN there now, would I?

Has TOKEN lost its value and become a vapor-asset and should I just accept that my NXT is lost with this asset?
Or is there any other way for me, and other TOKEN asset hodlers for that matter, to somehow have TOKENs converted into SuperNET (or even better UNITY) and regain its value?

Thanks in advance.

Shin
just send TOKEN to that address: NXT-7Y5B-J8LQ-SL5P-3ULFL
as long as it is the real TOKEN, you will get back SuperNET asset (it is the same as UNITY)

James

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shin

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Re: The current state of the TOKEN asset
« Reply #3 on: December 08, 2014, 06:39:34 pm »
Sent. Thanks for your reply, James. :)
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jl777

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Re: The current state of the TOKEN asset
« Reply #4 on: December 08, 2014, 06:50:01 pm »
Quote from: shin on December 08, 2014, 06:39:34 pm
Sent. Thanks for your reply, James. :)
if it is large amount, ping valarmg who needs to run the redeem script manually
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Peter2516

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Re: The current state of the TOKEN asset
« Reply #5 on: December 08, 2014, 08:31:38 pm »
Quote from: jl777 on December 08, 2014, 06:50:01 pm
Quote from: shin on December 08, 2014, 06:39:34 pm
Sent. Thanks for your reply, James. :)
if it is large amount, ping valarmg who needs to run the redeem script manually

Just curious, does a 'redeem' make use of the SuperNET 'Share Swap' function, or am I totally wrong? :)

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jl777

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Re: The current state of the TOKEN asset
« Reply #6 on: December 08, 2014, 08:34:39 pm »
Quote from: Peter2516 on December 08, 2014, 08:31:38 pm
Quote from: jl777 on December 08, 2014, 06:50:01 pm
Quote from: shin on December 08, 2014, 06:39:34 pm
Sent. Thanks for your reply, James. :)
if it is large amount, ping valarmg who needs to run the redeem script manually

Just curious, does a 'redeem' make use of the SuperNET 'Share Swap' function, or am I totally wrong? :)


The other way around!
The redeem code became the Share Swap function!
valarmg is a beast
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Peter2516

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Re: The current state of the TOKEN asset
« Reply #7 on: December 08, 2014, 08:41:32 pm »
Quote from: jl777 on December 08, 2014, 08:34:39 pm
Quote from: Peter2516 on December 08, 2014, 08:31:38 pm
Quote from: jl777 on December 08, 2014, 06:50:01 pm
Quote from: shin on December 08, 2014, 06:39:34 pm
Sent. Thanks for your reply, James. :)
if it is large amount, ping valarmg who needs to run the redeem script manually

Just curious, does a 'redeem' make use of the SuperNET 'Share Swap' function, or am I totally wrong? :)

http://i.imgur.com/jW3m5rB.png

The other way around!
The redeem code became the Share Swap function!
valarmg is a beast

That's what I meant to say  ;D
But I thought maybe it would be a continuous automated process (may be impossible?) where all 'original assets' that (ever) get sent to the 'redeem account' receive the 'replacement asset' automatically. Apparently it's a manual script that executes once every time it's run? I should RTFM :)
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jl777

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Re: The current state of the TOKEN asset
« Reply #8 on: December 08, 2014, 08:43:50 pm »
Quote from: Peter2516 on December 08, 2014, 08:41:32 pm
Quote from: jl777 on December 08, 2014, 08:34:39 pm
Quote from: Peter2516 on December 08, 2014, 08:31:38 pm
Quote from: jl777 on December 08, 2014, 06:50:01 pm
Quote from: shin on December 08, 2014, 06:39:34 pm
Sent. Thanks for your reply, James. :)
if it is large amount, ping valarmg who needs to run the redeem script manually

Just curious, does a 'redeem' make use of the SuperNET 'Share Swap' function, or am I totally wrong? :)

http://i.imgur.com/jW3m5rB.png

The other way around!
The redeem code became the Share Swap function!
valarmg is a beast

That's what I meant to say  ;D
But I thought maybe it would be a continuous automated process (may be impossible?) where all 'original assets' that (ever) get sent to the 'redeem account' receive the 'replacement asset' automatically. Apparently it's a manual script that executes once every time it's run? I should RTFM :)
It could be automated, especially if I made an API wrapper for its functions. Maybe I will add it to me todo list :)
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