Harbinger V4 (the latest version of the Koinos testnet) has now processed its 450,000th block and performance continues to be fantastic! That’s why we’re excited to announce…

The date of the snapshot will be October 31st (or later)!

Yes, this is going to be one spooky Halloween because following the snapshot, the KOIN ERC20s will become effectively worthless. That’s because the mainnet tokens will give people the Mana they need to banish gas fees to a fiery grave and participate in proof-of-burn consensus.

The snapshot will not take place any earlier than Mon Oct 31, 2022 00:00:00 EDT (12:00 AM). It can happen at any point after this time.

Snapshots are scary, which is why we’re giving well over a month’s notice for everyone to get prepared. Those who want to claim tokens on mainnet must have their KOIN ERC20 on Ethereum at the time of the snapshot. If you’re using a wallet, make sure that the wallet is non-custodial and provides you with a recovery phrase. The recovery phrase is how you can move keys from one wallet to another. By making the target the recovery phrase, or a hardware wallet that connects to Metamask, we cast the widest net and hopefully don’t lose anyone when mainnet launches.

Prelude to Mainnet!

The snapshot is a necessary step to launching the mainnet, and we wouldn’t be announcing this date if we weren’t confident in the performance of the testnet … but we’re not ready to announce the mainnet launch date quite yet, so stay tuned!

To stay up to date on Koinos developments, follow @koinosnetwork on twitter, subscribe to this Medium publication, and join the newsletter at koinos.io.

If you want to be one of the first developers or enterprises to leverage Koinos to offer a truly free-to-use decentralized application, or just want to build your blockchain-based application better and faster, Koinos Group is here to help. Schedule a free consultation today at koinos.group.