On December 16, 2019, the magical Karatbars KBC KCB hard fork has begun.
It turns out that the hard fork of KBC and KCB is a longer process.
For this reason, there are very good news:
If you haven’t linked your Karatbit account to Karatbars or haven’t transferred your coins from other exchanges or wallets, you coins didn’t go to waste!
In fact, you have another 6 months to transfer your coins to Karatbit 🙂
Another important highlight:
KCB to KBC exchange rate…
… is already fixed and will be announced on December 18, 2019. Look for the announcement in ‘Latest News’ under ‘General’ in your Karatbars backoffice.
Since KCB KBC hard fork is a long process Karatbars has created a timeline.
This timeline has been posted in your Karatbars backoffice.
To view it, Under ‘General’, click ‘Downloads’, then pick your language, then click ‘Terms and Conditions’, then click ‘KCB to KBC Exchange Timeline’
To save you time, I’m pasting the timeline below. You can also download the timeline here.
KBC KCB Hard Fork timeline
(Calendar of the KBC KCB Swap to KaratNet)
15th of December 2019
- Day of consideration of the KCB/KBC rate.
16th of December [postponed to 18th of December]
21st of December 2019
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Exchange for the swap from KCB to KBC is activated on KaratBit.
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As well the exchange for all deposited nodes the KCB to KBC exchange is activated. Users can now do the exchange.
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More exciting news will be revealed during the Madrid Event and published.
5th of January 2020
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New total supply of KBC is defined, KaratNet KBC is released. All migrated KCB to KBC can be freely moved and used in the markets
January – February 2020
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The KaratNet will be implemented with all listed exchanges.
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Please note, meanwhile, all exchanged KCB – KBC can be freely used, traded, withdrawn and deposited over ERC20 contract.(0xf3586684107ce0859c44aa2b2e0fb8cd8731a15a-KBC smart contract).
Important:
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ERC20 KBC (old KBC) will be available to deposit for swap on KaratBit at least 6 months from 15th of December 2019.
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Every KBC holder will have time to swap the ERC20 KBC to KaratNet, at least 6 months. NO KBC held by users will be burnt!
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ERC20 KCB (old KCB) will be available to deposit on KaratBit at least 6 months from 15th of December 2019. NO KCB held by users will be burnt!
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Though, certain exchange features / options will be available in the period 21st of December – 4th of January. (2 weeks promotion will be announced in Karatbars Backoffice on the 21st of December)
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All old ERC20 token (old KBC & old KCB) exchanges to KaratNet (swap / exchange) will be done through KaratBit and it will be free of any exchange, deposit or withdraw commissions.
~~~
Some points in the above timeline may sound complicated. But keep in mind that you have 6 month! So, there is plenty of time to make sense of it.
Plus the above events will be broken down and explained by Karatbars along the way.
Any questions or opinions? Leave them below 🙂
Main references:
https://karatbars.com
Hi Margarita
I just came to say thank you for your informative information.. Someone like me as a newbie needs lots of guidance & support to get this right, I must admit that I wish there was an easier way to do the payments of all the methods especially if you not techno savvy, I’m learning though but it’s tough.. you however have done a great job in teaching me & kept me informed of what to do.. I need to learn more how the exchanges works aswell if I want to be a full time affiliate.
Kind regards
Cicily JVermeulen
Hi Cicily,
Thank you so much 🙂
Exchanges seem tough because we are not used to deal with them in our everyday life.
But like everything, as you learn them, they eventually become second nature.
~~~
If you want to learn more about Karatbit exchange, there are ‘live’ webinars every Thursday! So, there is one happening today!
These webinars are held by knowledgeable Karatbars affiliates.
The webinar is called ‘KARATBIT UPDATES’ and take places 8:00pm – 9:00pm EST, again every Thursday.
Simply select ‘KARATBIT UPDATES 8:00pm – 9:00pm’ in Karatbars Calendar here (highlighted in black) and attend it at 8 pm EST today 🙂
Please note, you will need to download Zoom to attend the webinar.
~~~
And yes, continue to go through the tutorials and articles that I post. And when you have questions, just let me know, and we’ll resolve whatever is on the way.
Payments methods.. Do you have any specific questions about payments methods?
Much success and fulfillment to you 🙂
Hi Margarita it’s Mario affiliate with Karatbars I have a question kindly to ask: on 19 Dec 2019 the official exchange rate = 2,54 for 1 KBC .
What is this mean is it the KCB we bought doubled or it has another meaning what happens to our coin is it increasing or decreasing.
Please I need your help to make me understand what is going on are we benefiting or losing so far comparing with that we bought in the beginning ??//
Hi Mario,
Sure 🙂
It’s the opposite: 2.54 KBC for 1 KCB.
Are we benefiting or losing? Let’s see:
~~~
Let’s assume you have 100,000 KCB coins.
Then, in total, you will get 254,000 KBC coins when exchanging them on Karatbit (100,000 x 2.54).
You paid $0.15 per KCB, so you invested $15,000.
At this very moment 1 KBC is $0.024278.
So, the value of your coins if you were to exchange and withdraw them today is 254,000 KBC x $0.024278 = $6,166.612.
In other words, today, the value of your coins ($6,166.612) is about 2 times less than your original investment ($15,000).
Yes, the price of KBC is low at the moment, so that’s why you wouldn’t be wanting to withdraw KBC for now.
However, until the price of KBC increases considerably for you to make a profit, remember, you can exchange KBC for cashgold!
Before December 15, 100 KBC was worth 1 gram of cashgold. A new KBC – cashgold rate will be announced in early January.
~~~
Let’s assume you were to exchange those 254,000 KBC for cashgold at the rate of 100 KBC = 1 gram of gold.
254,000 KBC / 100 KBC = 2540
2540 x $47 (the cash you get… approximately) = $119,380
$119,380 vs $15,000. That’s 8 times return on your investment!
~~~
The bottom line is, withdraw your KBC only if the price is high enough for you to make a profit. Or exchange KBC for cashgold.
This should help 🙂 Let me know if there is anything else:)
sorry official exchange rate = 2,54 KBC for 1 KCB
Yes, thank you 🙂
I just posted an article on the exchange rate.
so if I have a masternode and I do option two and leave it as a masternode what will be the result after January??
Hi,
I’ll have to look more into your question.
I guess you already read through this document.
Merry Christmas!
I think I remember that only VIP status could change KBC to Bonus Unival (BUNV) and then generate the QR code, my question is. Can those with a lower status, say bronze, can change it the same for BUNV ?, or only for UNV
Hi Roanis,
Hmm.. maybe in the past.
However, now, you can do it with any package!
So, yes, you can convert KBC to BUNV and then to Cashgold if you have a Bronze package.
See how to convert KBC to BUNV and then to Cashgold here (you can do it starting January 15, 2020).
Merry Christmas!
Please, can anyone buy my $4000 investment AND my $3000 VIP position ??
hello margarita! I guess you are doing well .
Margarita the reason I’m here is about my 2FA deactivation I had sent every request to the support but in until now ,there is no a respond while the 13th is the deadline sister , may I going to lose because even the support’s number its always busy never pick up , so painful
Hi Cedrick,
I’m fantastic – thank you so much!
Karatbars/Karatbit support should improve in the coming future.
I just created a tutorial on how to recover 2FA (watch the video provided there)!
In any case, you won’t lose anything and will be able to do with the coins whatever you planned, be assured 🙂
Let me know how this goes for you.
Hello Margarita
Sure I got the tutorials so, my needs to be deactivated and I had sent ( copy of ID , selfie with ID holding and my Skype surname ) everything they request since on the 7th but nothing as a feedback , even sometimes I’m trying to phone but phone ☎️ all rings busy the same as today.. why sister ?
Reply
Cedrick mwamba
January 13, 2020 at 10:53 am
CryptDad , does not work in Karatbit I tried .
Hi Cedrick,
Okay, yes, you did your part.
Karatbars is not answering because they need to improve the customer support system…
I’m attempting to see how to use the backup code to recover 2FA given that the CryptoDad video doesn’t work.
You have a 32-character backup code, correct?
This deadline may be extended again given that many people have trouble with 2FA.
I’ll be back to you.
All will be wonderful 🙂
Hello Margarita
Thx a lot for your kindness .
1) You asked me if I got my 32-character backup code, correct?
(Yes but when I tried to log in which its karatbit could not recognize its at all )
Hope it going to be extended again because the option people don’t talk about ( dislike )
You are welcome Cedrick 🙂
Yes, when I figure out how do recover 2FA with this 32-character backup code I’ll publish a post on this, so stay tuned.
All good, let’s see the deadline extended again!
Hello Margarita
Why support does not pick up the calls ? And sorry have you tried to phone them some other time?
Ok thx let hope
Hi Cedrick,
The customer support structure and organization are poor… yet they are working on improving it.
I called once inquiring about Karatbars Mastercard and it went perfect; all was resolved within minutes (it’s a different number).
I’ll see if I can get a hold of anyone calling the above numbers.
Also, I’m sending an email asking about a deadline extension 🙂