Real-time
crypto news

Blockwell and Shopin partner to reissue tokenswap

Published 10 months ago by Shopin

Blockwell and Shopin partner to reissue tokenswap

Shopin via tokensale.shopin.com

Blockwell and Shopin partner to reissue 5 Earlier this year, just after the initial distribution of $SHOP tokens, Shopin informed its community regarding a the hack of a major Japanese syndicate’s wallet containing over 81MM tokens, representing over 10% of the total distributed tokens in our TGE. We were not listed on any centralized exchanges”Sure enough, I was right and the hacker tried to dump the tokens on Idex and ForkDelta/ Etherdelta.Shopin was able to contact the exchanges and shut down all activity before irreparable harm occurred and to pursued a 1:1 tokenswap to $SHOPIN tokens, however not swapping the hacker’s tokens. Instead the Japanese participants would get their assets.It was a bold move to thwart a criminal, aid the cause of justice and protect the long-term view of our project.Failed audit In the last couple of months Shopin’s management team severed ties with all employees and contractors who had worked on the $SHOP and $SHOPIN token contracts.

If you are part of a group, push your point of contact to get in touch or respond to emails If you’re leading a group, signup to this form: you’re an individual, direct participant, or you managed to acquire on IDEX/etc fill out the same form and just note how you acquired the token in the last section If you are no longer involved with your group or point of contact or need assistance please email eric@blockwell.ai with your details For Bundlers: If you are doing a distribution, please use this spreadsheet to format and test your distribution on Rinkeby. We were hoping to also have an automated demo process via sheets by time of posting where non-bundling users could see the new Shopin token in action on the Rinkeby testnet. Once we are confident that this process is going to result in group members getting their tokens successfully we will launch the mainnet Shopin Token and put the new contract address in our next Medium post.

Without speaking for Shopin directly, most competent US attorneys advise lockup currently irregardless of the utility of your token as the SEC clarifies its position. Blockwell as a platform has a strict policy that any token involved in our system has an attorney registered onchain with a cold wallet secured by their firm that can unlock the token and use additional compliance related controls. We’re Blockwell, a tokenization product designed for real businesses to engage with the new economy of tokens and give those tokens actual utility. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

The GDPR Day of Reckoning: Shopin Hails Blockchain Tech as Solution for Security and Data Privacy

The GDPR Day of Reckoning: Shopin Hails Blockchain Tech as Solution for Security and Data Privacy The entire media and technology ecosystem has been waiting with a mixture of dread and anticipation fo ... Read More

Shopin Launches Bug Bounty, Offers Token Rewards to Anyone Who Can Hack Smart Contract Code

Shopin Launches Bug Bounty, Offers Token Rewards to Anyone Who Can Hack Smart Contract Code On the heels of a successful Token Generation Event with more than $42 million raised in record time, Shopin ... Read More

Share the Love: Building Brand Loyalty Through Blockchain Rewards Programs

Share the Love: Building Brand Loyalty Through Blockchain Rewards Programs The impact of brand loyalty plays a bigger role in your day-to-day life than you might realize. They are also a powerful tool ... Read More

This Brooklyn Based Company is Revolutionizing Retail

Think of your favorite fashion brands. How often and how many years have you shopped there? Now think of when you last visited your favorite brand store, site or app?.

Shopin is a universal ... Read More

This Next Generation A.I. is the Most Sophisticated Personal Shopper

This Next Generation A.I. is the Most Sophisticated Personal Shopper Think of your favorite fashion brands. How often and how many years have you shopped there? Now think of when you last visited your ... Read More