If you B3Coin holder Important Information !!!

in cryptocurrency •  7 years ago  (edited)

If you holding B3Coin on Coinexchange.io, should be aware of this change!

B3 market will be discontinued soon!

You will see this message on https://www.coinexchange.io/ when you go to the B3Coin Wallet:

"Please withdraw you B3 to your k3b address (which you can generate on your Balances page) as the B3 market will be discontinued at a later date."

Here is Information from B3 official website https://b3coin.io/

 
B3 or KB3?  "The answer is yes. Ok, allow us to explain. Late last year when the ROI on staking was at 10,000% and the B3 pools were at their height, folks were able to stake coins at a staggering rate. This rocketed the B3 coin supply to over 600 billion. That, in turn, reduced the price of B3 to below 1 sat. At the same time, the B3 team was working hard to get B3 listed on the various exchanges. However, given B3’s low, low price, the exchanges weren’t willing to list it, thinking incorrectly that B3 was dead. Oh, were they wrong.
So, to get the coin to a point where an exchange might be more receptive, the idea was hatched to bundle b3 into larger units; thus KB3. 1 KB3 = 1000 B3 but there is no need for a conversion or physical swap because it is still one coin, and B3 is still that coin. KB3 is simply another way to view or bundle B3 and the good news is that at least two exchanges have already agreed to list a KB3/BTC pair for trading."

So basically you will convert every 1000 B3Coin into 1 KB3.

I am not sure what will happen if you download their desktop wallet and transfer all the coins from an exchange. 

I will update this post as soon I got more information.

If anybody have more information, comment please! 


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Hello @southforce Do you have some coins?

I have done this earlier today, withdrew 350.000 B3 coins and deposited to my K3b wallet. It says process is completed, however now I can't see either and both wallets show 0. What is going on there? I'm getting the feeling Coinexchange is not to be trusted. Did they just steal my funds?