We are proud to announce some amazing news!
Up to now, the currency of our site has been the satoshi, but we have decided to issue a new cryptocurrency, leveraging the power of blockchain technology to drive our site. We call this new currency the AI Gaming Coin, or AIGC, and in the future, games and challenges on the site will be played for milli-AIGC, or mA.
We will convert all user balances over to the new currency starting from the 6th March. As a founder member of the site, you will receive a 50% bonus when we exchange your existing balance to AIGC.
Currently, you can withdraw your earnings as bitcoin when you reach 2.5m satoshi. As AIGC is not yet listed on any exchange, for the moment, we will offer the option to convert the AIGC you earn to bitcoin, at the prevailing rate, when you want to withdraw it. We hope and expect that eventually AIGC will be listed on an exchange and we will lower the withdrawal limit
Over the coming months, we will be rolling out several new features using blockchain technology. Your progress and performance in our educational certificates, in competitions and challenges, and your participation in crowdsourcing will all be recorded to the blockchain, and you will be able to opt in to show this information to potential customers of crowdsourcing services and employers.
Later, we will be holding a token sale of the new AIGC currency. The price of one AIGC has been set at $0.50. At the current price of bitcoin, one mA is worth approximately 5 satoshi, so with the 50% bonus, you will notice your balance changing to approx 30% of its current value. For example a balance of 1000 satoshi will change to a balance of 300 mA. Although this will look like a reduced balance, in bitcoin terms it will have actually gone up by 50%.
The withdrawal limit will change from its current value of 2,500,000 satoshi to 500,000 mA.
We hope you enjoy playing with the new currency and that you are looking forward to the new features as much as we are. We will be holding even more competitions and challenges once the new currency has launched.