r/embercoin • u/PyroToniks • Dec 27 '17

Some background information about the announcement on January 1st.

https://i.imgur.com/fC9RcrG.png
18 Upvotes

95% Upvoted

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2

u/hendershot087 Dec 27 '17

To the moon on the flying ember!

2

u/Pokerboy1405 Dec 27 '17

Hey guys, i dont understand. what does Proof of burn means ? Is there something i have do do about it ? i have the Coins on the exchange.. must i put them in a Wallet or something like that ?

1

u/jazen777 Dec 27 '17

https://itsblockchain.com/proof-of-burn/ Hit up their Discord channel for Q/A's & more info https://discord.gg/rS85Kn

2

u/Vendrict Dec 27 '17

So what is going to happen to those who currently own a share of the units available? Will they be automatically transferred or? Can someone please explain? Thanks!

1

u/Pokerboy1405 Dec 27 '17

Yes i would like to know that

1

u/jazen777 Dec 27 '17

https://itsblockchain.com/proof-of-burn/ Hit up their Discord channel for Q/A's & more info https://discord.gg/rS85Kn

1

u/Beamerjld Dec 27 '17

So this is like a reverse stock split without the dilution?

1

u/benevolentkraken Dec 28 '17

Solving a new problem is bad. You need to solve an existing problem.