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Regarding the TIPS upgrade

2018-10-24 09:27:53read:57438

After our technical evaluation, we found that the new FED blockchain has a very low value of daily PoW mining output. It's vulnerable of 51% attack. We decided not to integrate the new FED blockchain wallet and we won't swap the TIPS to FED for the users. We are not going to list FED. We will keep the TIPS withdraw open. If anyone who wants to withdraw TIPS and swap in other places, please make sure your funds are safe.

We would like to thank the FED teams members who helped us to evaluate their technology and the contribution they made to the Federocoin community. The best wishes to all of them.

We will also offer 10,000 USD value of BTC or USDT to the community teams or persons who find better solutions for the TIPS upgrade including but not limited to changing the mining method from PoW to PoS and keeping the old blockchain data.

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gateio.io
Oct.24, 2018