Hello Halo Platform community, and thanks as always for following us on this exciting journey through the growing crypto-space.
We’ve been keeping our heads down this week, working hard at building new products, services, and partnerships . Here’s what’s going on around the Halo Platform’s virtual offices.
Halo Currency & Exchange
The Halo Coin is splitting! We have been stress testing it thoroughly this week. We expect the split to broaden the appeal of the Halo coin vis a vis other popular currencies in the cryptosphere, so there should be plenty of benefits to be realized from this new move for the platform and set us up for a winning year in 2019.
Currency Split Details — Please Read!
We have been actively working on the currency split for some time now and we are ready to make it happen early next week. Before we can do that, we need to release version 1.1 of our masternode system.
The Masternode v1.1 reset will start later today (look for an announcement from Scott). We will do one more final payout before wiping all current masternode contracts. All funds, collateral and rewards, are automatically distributed to each owner of a masternode, dependent on their percent ownership. All existing masternodes will be reset. This will lead us into the Coin Split early next week.
All services will still be accessible up until the split with the exception of the Masternode Dapp. It will be taken offline and no new Masternodes will be able to be started until after the split occurs. The change will occur in the background and the masternode system will be brought back online right after the split is complete. After the masternode system is reset, users must set up their masternodes again. Rewards will begin again 7 days after the split is complete.
During the split, we will have to take down the platform for 6–8 hours wherein wallets, masternodes, and the DEX will not be functional. We will announce to everyone in advance of that time so you can prepare accordingly. No action is needed on your part during this time.
Once the split is complete, all Halo balances will reflect the 800:1 new ratio. Please note, the split doesn’t affect any other currencies users may have in their DEX wallet. ETH, DBET, VET, VTHO balances will be unaffected.