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
Exchange for the swap from KCB to KBC is activated on KaratBit.
As well the exchange for all deposited nodes the KCB to KBC exchange is activated. Users can now do the exchange.
More exciting news will be revealed during the Madrid Event and published.
5th of January 2020
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
The KaratNet will be implemented with all listed exchanges.
Please note, meanwhile, all exchanged KCB – KBC can be freely used, traded, withdrawn and deposited over ERC20 contract.(0xf3586684107ce0859c44aa2b2e0fb8cd8731a15a-KBC smart contract).
ERC20 KBC (old KBC) will be available to deposit for swap on KaratBit at least 6 months from 15th of December 2019.
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!
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!
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)
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 🙂