In our last post we shared an exciting community lead initiative that provides an extension to the Particl token exchange. In essence, PART token holders have an option to donate to this initiative from their 80/20 split proceeds. To facilitate the process of qualifying long-time SDC holders for eligibility we created a webpage for collecting all pertinent information.

SDC holders can begin the claim process now!

The claim form can be accessed by visiting https://particl.io/claims. This form is related to the community cause that creates a reserve pool of PART that will provide an extended period of time for holders of SDC to exchange for PART.

Rules:

Completing this form does not guarantee you will be successful for any claim against the community driven initiative.

For SDC sitting on exchanges, the team will require you to join a web-session in order to verify your details.

For staking wallets, we will only consider your balance as of 15th, April 2017 20:00 UTC. Anything staked after that will be disregarded.

Deliberately providing false information will lead to permanent ban from the claim process.

Inconclusive evidence or not co-operating will lead to being disqualified from the claim process.

The Particl team will make the final decision.

Questions:

How long does this cause run?

The cut off period is 00:00 UTC on 31st of December, 2017

What happens to the donated PART tokens remaining in the pool at end of period?

100% of remaining PART donated to this cause will be reserved for network voted Proposals such as: community members promoting at an event, integration to third party services etc.

Why April 19th, I thought the exchange ended on April 15th?

During the Particl exchange the team was in contact with all exchanges. The team requested trading to halt at the end of the exchange to allow token holders a chance to participate in PART. Trading on SDC continued through the funding period and held its 60-day median value until April 19th 00:00 UTC when it plunged in value due to delisting requirements. This timestamp artificially created a break in the cost of entry to PART.

How did you come up with the 2:1 ratio?

SDC held it’s value at $1.50 to $1.70 throughout the token exchange time frame. Participants who exchanged during the 4 week window could exchange 1:1 which held the market price value or exchange at 1:1.15 (15% bonus) which was below market price value in the 1st half of the 4 weeks and over $2 per PART in the 2nd half of the 4 weeks. In order to protect our seed investor’s portfolio, a value of $3 per PART or 2:1 has been determined.