As the crypto market continues to mature we have decided to make a major upgrade to ClubCoin that will benefit all ClubCoin holders.
Instead of continuing to run our own blockchain we have decided to convert all existing ClubCoin to the Ethereum blockchain and issue a new ERC20 token in its place.
Why are we doing this?
Because today ERC20 tokens have become the standard of the industry and they are much easier to deal with, use, secure, and maintain moving forward.
Plus, by moving to the ETH chain we will be added to more exchanges, be included in more wallets, and it will also allow ClubCoin to become the native token for all CoinPay invoices.
For those of you holding ClubCoin, there is an opportunity for you to get more ClubCoin when you convert it, but you have to do it by the end of the year. You will receive 1.6 new ClubCoin for every 1 ClubCoin you convert before January 1st, 2019.
Example: If you have 100 CC right now you can convert and get 160 CC on the new Ethereum chain.
This is a limited time offer that will expire at the end of the year. After January 1st, 2019, you can still convert ClubCoin at a 1:1 ratio (this will last forever until all ClubCoin has been converted).
There is a new page in our Members Area for you to convert ClubCoin starting November 1st. Everyone will have 60 days to convert at the ratio of 1 to 1.6
Make sure you have secured all of your tokens so you can be ready to convert them starting November 1st. If you have ClubCoin currently sitting in your BitClub virtual wallet then you can easily convert it from there by changing the withdrawal address to the unique address generated for you during the conversion process.
New ClubCoin Website
We are also in the process of building a brand new website for ClubCoin that will have a fresh look and new information about the plan to make ClubCoin the ultimate shopping token within the CoinPay Marketplace.
Keep your eye on it here – https://clubcoin.co
CoinPay is finally ready for prime time. We have been testing and building and testing even more and the last piece of the puzzle will be the new ClubCoin token that will become a big piece of the CP platform and CP marketplace.
Get more details on our now CoinPay Members Page where you can soon purchase the CoinPay membership packages. We are also launching a new replicated website on the domain CoinPay.pw website
All members will receive commissions from the sale of the platform AND you will receive ongoing residual commissions from the 1% transaction fee charged for each transaction on the platform paid out in the following structure…
We have been working on the CoinPay platform for over 2 years now and we are very excited to finally bring this to market. We’ve hired a lot of new staff and we’ve been putting the proper structure in place to handle all of the merchant onboarding and support when its launched.
One of the reasons it took so long to bring this to market was because we wanted to offer a fiat solution so merchants could easily convert thei,r ClubCoin, Bitcoin, Ethereum and more to EUR and USD instantly.
We considered many options and even considered using Tether or a stable coin but finally, we found a bank and a streamlined process that merchants can set up easily.
Our plan is to focus very heavily on CoinPay and this all starts right now. We are probably about 60 days away from a full blown launch, but over the next few weeks there will be a small set of members and businesses that will be invited to integrate the platform.
Thanks to everyone involved with this project over the past 2 years. We are lucky that CoinPay didn’t launch when we wanted it back in 2016 because we did not have the support and backend structure to make this work and the market was not ready. But we feel like now is the perfect time!