As announced last year, we are pleased to inform you that as of today the Blocktrade token (BTT) swap is taking place, enabling customers holding BTT on blocktrade.com to swap them to Blocktrade S.A. class B shares.
First issued in 2017, BTT bring with them a long history that ultimately led to an unclear use case before Blocktrade was acquired by Cryptix AG in mid-2019.
At Blocktrade, we live by the principle that our community comes first. Therefore, we are determined to continue our journey with the former BTT holders by making them shareholders of Blocktrade S.A., which is entirely unrelated to the previous owners of the Blocktrade intellectual property rights.
We plan to keep the community close to the future of the Blocktrade ecosystem, and we believe that the possibility to become a shareholder is the best way to make the community an even more critical pillar of our success.
All those holding BTT on blocktrade.com have already been informed by email on how to participate in this one-time opportunity, which is open until 22 September 2021. If you have not received an email but think you are eligible, please check your spam folder or reach out to our support at [email protected].
As a logical consequence of the swap, BTT are no longer transferable or tradable and the BTT smart contract will be frozen as of 22 September 2021.
Please further note that former and current employees and shareholders of Blocktrade, SuriMedia and Cryptix AG, including the companies themselves, are not eligible for the swap and will not be entitled to receive shares.