Based on our 100% transparency policy we have an update for our community.

At this moment we are facing an issue with the MAX supply of some of the assets created in the Bitshares blockchain.

This issue occurred due to the precision of the assets. We have created the assets with the precision of 8 decimals, and with this precision the max supply allowed is only 10M coins. Well, this represents an issue for assets with large MAX supplies.

This problem would not affect the community in the short run, but it’s better for the community to address the issue now, while we are still launching, than later, when the community is bigger and we need to hassle thousands of users with platform issues.

So, after careful consideration we will edit more assets than we probably need to make just that this issue will never happen again.

We hope you guys agree with our decision.

Will this affect your assets?

First of all we want to guarantee that this issue, and the solution, will NOT affect the users funds and nothing will be lost.

Why do you need to create a new BTS asset?

Bitshares does not allow to change the precision of an asset after creation, and we need to change the asset precision ir order to increase the max supply of the UIA asset in BitShares Blockchain.

It works like this:

• 8 decimals precision - Max supply allowed: 10M coins
• 7decimals precision - Max supply allowed: 100m coins
• 6decimals precision - Max supply allowed: 1B coins
• 5decimals precision - Max supply allowed: 10B coins
• 4decimals precision - Max supply allowed: 100B coins
  3decimals precision - Max supply allowed: 1000B coins

What will happen now?

Scenario A:

• Assets with funds from users.
• Gateway will be closed for deposits and withdrawals.
• New assets will be created to replace the current asset.
  • Example: DYNEX.DGB will be replaced by DYNEX.DGBX (On the user interface you will continue to see “DGB” on most of the UI menus, although the real Asset will be DGBX)
• The same amount of coins will be issued for the user in the new asset.
• The old asset will be blacklisted and can not be traded.
• Open orders created in the old asset will be useless and users will need to add new orders. Sorry.

** Assets affected by scenario A:**

• DGB
• LCC
• DOGE
• RDD
• Smartcash

Scenario B:
Assets without funds from users:

• Gateway will be closed for deposits and withdrawals.
• New assets will be created to replace the current asset.
  • Example: DYNEX.DGB will be replaced by DYNEX.DGBX
• The old asset will be blacklisted and can not be traded.

Assets affected by scenario B:

• XVG
• XSG
• VTC
• RVN
• XMY
• BCH
• PIVX
• GRS

And the other assets?

The other assets are not affected by this and are working perfectly. You can trade, deposit and withdraw..

Assets not affected:

• BTC
• POLIS
• LTC
• DASH
• BTG
• BCH
• Zcoin
• ZEC
• BTC

How long will it take to fix the problem?

We are working around the clock to have this fixed as soon as possible. It’s our top priority at the moment.

We will let you know when the issue is solved and everything is up and running again.

Thank you for understanding.

Regards
DynX
100% transparency policy.