Hello DAPSX community
We would like to first thank you all for the warm welcome, it is great to know that we have the acceptance of the community on this.
There have been many questions asked, one being if this coin is going to be an airdrop, swap or a public sale.
The short answer
Due to our supply being half of the total supply of DAPS token as well as a variety of other factors (see long explanation), we cannot successfully execute a swap to DAPSX. However, what we can offer is an airdrop of 100,000 coins to every member that joins our telegram https://t.me/DAPSX and follow us on twitter https://twitter.com/DapsXcoin.
To get your coins you must send an email to airdrop@dapsx.io with your eth address and username. Oh, and don’t worry, we won’t share any information with anyone, thus avoiding you getting banned from DAPS telegram for investing in another project.
Long Explanation
DAPSX is a coin that will be traded on exchanges, investors will have the chance to buy DAPSX tokens in order to keep them for the swap for our mainnet. (Date will be announced at a later date)
Why a Public sale and not an airdrop if this is a DAPScoin revival?
Well, as much as we would love to airdrop your PCN/DAPS balance in the form of DAPSX there are many parameters to take in consideration such as:
It would be a stepback to do a swap pcn/dapsx as dapstoken has already done that procedure, for which we would use the snapshot made in June if it would be the case, but it is not.
. We considered giving DAPSX to DAPStoken hodlers, but would have encountered many problems with that:
-Being different than other coins, the level of centralization on DAPStoken is over the top. We don’t have information on the current balance of the DAPStoken team wallets, and we would like to avoid these individuals from joining this coin in order to later on find a way to also destroy it. (Buying a large supply only to formulate a sell wall).
-The current DAPStoken team have received a payment for their services in which some of them surpassed 40m DAPStoken in one transaction, which as expected ended up being sold in the market, this information is not speculation and it has been confirmed with proof.
-On March 2018, CaptainDapper made a statement in which he mentions to own 1% of their supply even before the start of DAPS project, meaning that by the time PCN price crashed, and based on a 100% stake annually basis, this would result on 750,000,000+ coins, 500,000,000 being the initial amount and 41,000,000 to 67,000,000 been the approximate stakes earned per month. Being said, this would have allowed this person to swap, and knowing their intentions, would not benefit us, but more over affect our project on the long run.
-Looking at the current Ethereum Explorer, which is public for anyone to see, we notice that the wallet 2 and 4 have been moving regularly every hour, thus being the airdrop wallets. Knowing that the airdrops, as they stated, are only programed for one or two days to deliver, it gives us a bad feeling that the funds are being sent to different wallets in the form of backup or worse to exchanges to being sold, therefore making it harder for us to accomplish a cleaner swap from our end.
There are other ways to conduct a proper swap allowing some to receive their tokens/coins, but that would result on the creation of a blacklist. DAPSX is not about denying people claims, as it would be a violation of their rights and privacy. It is not our business, nor our concern as to who our investors are or what they plan to do with their coins.
These are some of the reasons on why we cannot conduct a swap to DAPStoken but a public sale instead.
What we can offer, as said before, is an airdrop of 100,000 coins to every member that join our telegram https://t.me/DAPSX and follow us on twitter https://twitter.com/DapsXcoin , you will be able to trade them on the exchange once we are live. To claim your coins, just send an email to airdrop@dapsx.io with your ETH address and username. Fear not, we won’t share any information with anyone. We're decentralized, remember?
WHY DOES A PUBLIC SALE ON EXCHANGES BENEFIT US?
The total earnings from the token sale on the exchange will be used as DAPSX fund, meaning that we will be able to use them for, promotions, sponsors, new exchange listings, and a myriad of other components to help grow this project.
We will have more bounties in the future and many surprises that we know you will love. Stay tuned for our future updates!
Our next update we will discuss the details regarding our exchange listing. We are happy to say that we are in the process of listing with a well know exchange, more information on the way!
Sincerely
The DAPSX Team