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ALQO is preparing the upcoming swap

By Rafał - 2019-11-16

ALQO team announced the preparation for an upcoming swap to a more performant and optimized Pivx-based codebase to replace the existing ALQO chain. This new interim chain will serve ALQO while the core team continues to work on the forthcoming Polaris codebase, which will feature unique developments proprietary to its chain. This interim chain will be available for users to be able to swap existing ALQO coins in the next few days. The swap will ensure all the coins are secure from any malicious bad actors or poor performance associated with the existing ALQO chain. The new interim chain continues with the existing chain economics.

Why a swap?

At the time of Kevin’s recent departure from ALQO leadership, the team requested the return of 2m+ XLQ in his possession left-over from the recent developer reward issued at block 1m. Kevin has yet to make any attempt to fulfill his promise to return the XLQ. Instead, he has taken steps to obfuscate his ownership of the coins to, presumably, profit from them when we launch the new chain. Thus, the team added significant safeguards to ensure the integrity of the new chain. The existing codebase for ALQO uses an older version of Pivx. It will benefit from an updated version as a base to maintain the ALQO brand during the development on the Polaris codebase. The new core developer has worked to create a stable and highly performant release for the interim ALQO chain. Additionally, the core team is actively engaged in ongoing development discussions and tasks for Polaris’ release. A new github is also in preparation for further development releases as the team doesn’t have the control over the existing one.

https://alqo.app/ is under development, however, you can find all information regarding this swap on the official blog https://medium.com/@alqo