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The REV Issuance page on the developer site needs updating to remove confusing statements #125

Closed MaximilianR closed 4 years ago

MaximilianR commented 4 years ago

Most of the page can very easily be fixed by for instance changing a word from "will" to "was".

For instance, this section in the top paragraph

At the launch of main net, planned for February 4, 2020, there will be an issuance of REV at a 1:1 ratio based on a holder’s RHOC balance. REV will be the currency of the RChain blockchain. Among other things, REV will allow you to bond a validator’s stake, pay transaction fees, and deploy smart contracts on the new RChain blockchain. If you’re interested in building your own RChain-based dApp, you will need to acquire REV in order to do so.

could be rephrased to

At the launch of main net, which occured February 25th, 2020, there was an issuance of REV at a 1:1 ratio based on a holder’s RHOC balance. REV is the currency of the RChain blockchain. Among other things, REV allows you to bond a validator’s stake, pay transaction fees, and deploy smart contracts on the new RChain blockchain. If you’re interested in building your own RChain-based dApp, you will need to acquire REV in order to do so.

Certain entries in the FAQ-box needs updating in a similar way. The Key Milestones-box should be updated with the accurate main net launch date as well.

ian-bloom commented 4 years ago

@JamesMoc Nice job on #128 , however we need to clear a few things up before publishing. E.g.

All RHOC tokens were converted at 1:1 ratio to REV tokens at the launch of the RChain main net (Mercury) on 25 Feb 2020 at block height 9371743 on the Etherium Blockchain.

On Jan-28-2020 At Ethereum block 9371743 a "snapshot" was taken of all RHOC balances.

Maybe we should explain the swap more chronologically..

What is RHOC ?

In 2017, the RChain Cooperative created RHOC tokens and sponsored a private sale.

What is REV ?

At the launch of the RChain main net on February 25, 2020, there was an issuance of REV at a 1:1 ratio based on a holder’s RHOC balance.

How can I check my REV balance?

REV exists only on the RChain Blockchain... (list of 3rd party RChain Wallets + disclaimer)

How was the issuance implemented