Token Swap update

PrivateNess Network - NESS - CX Fiber Next Generation Blockchain 3.0

Hello dear PrivateNess Network community!

As you now know, we are in the process of deploying an ERC20 transition token on the Ethereum network in order to bridge the gap between the old RPM blockchain and the new CX Fiber chain from NESS.

Our vision of privacy and zero fees or minimal fees remains deeply rooted within us. You are all aware of the current situation happening on the Ethereum network which is unprecedented with the extremely high gas price who breaking records. This vision does not reach us and that is why we questioned ourselves.

Do we really need this already obsolete network even after their incoming update?

Why push our community to pay ridiculous transfer fees for a simple transition token?

Following discussions with our partner TradecoinX for the swap and following the discussions we had with them regarding the Ethereum network fee problems, we came to the conclusion that using this method will have a more negative effect than positive on the project progress. We therefore made the decision to deploy the transition token under the WAVES blockchain which is currently taking a huge share of the Ethereum market precisely due to all these exaggerated and derisory costs. It is with pleasure that our partner TradecoinX also decided to integrate the WAVES blockchain in order to address the Ethereum problems and to help us in our transition.

The NESS token already created and deployed on WAVES platform and the swap process should begin soon. We will update roadmap to reflect this change in the coming days.

Stay tuned!



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