DACH Coin Limited will relaunch its DACH blockchain as DACHX. The old DACH blockchain will be abandoned and delisted from exchanges. The new blockchain will be launched in December, and the swap of all accounts will start from December 18th. Coins will be swapped at a 1:1 ratio. This was all announced by the development team on Monday.
The U.K.-based company is going to do things a bit different in their second try. Instead of 5000 DACH per masternode, investors now require 25.000 DACHX. During the first weeks of the new blockchain, they will keep rewards low in order to give everybody time to switch over.
One of the more rigorous announcements is that they will not accept accounts that got coins from Crew24 or CryptoBridge after the recent hack took place. That means that everybody who got some cheap DACH is out of luck and lost some money from their greedy investment.
DACH Coin Limited’s DACH blockchain has been completely ruined by hackers. These hackers used a leak in the code to create an exploit and make millions of coins. Currently there are over 261 million coins on the market, while less than 10 million should be the actual number. The project is worthless as it is, and that’s why the reboot is needed.
DACH Coin Limited is a young company with German roots. They want to build a crypto platform which includes a ticker, blockfolio and decentralized exchange. DACHX can be used to buy services, subscription and as a trading pair on the exchange.
Also published on Medium.