Hedge Token has Burned 11% of Their Token Supply Due to the Parity Wallet Issue.
The Team is Making Moves to Overcome the Loss of Funds.
The other day this is what they had to say about the issue on Hedge Token Telegram.
"To all: it looks like the inclusion of the code to unlock parity wallets into the Constantinople (Ethereum) fork is unlikely. For the time being we will treat it as if its not happening. That said, project is moving on as planned with a combination of our own money, families and friends, and fiat loans. I'm very sorry for this fuck up, but HDG investors will not be in any way negatively affected."
In response to to the loss of funds Hedge Token just reduced their total coin supply by the amount they have stuck in their parity wallet (674,643 HDG Tokes/11%).
This is Good News and Could Possibly Help the Value of HDG.
Update
Their telegram page said they didn't burn the tokens. They just put it in a wallet escrow until the Parity issue reaches a resolution. If they get the the Ethereum back these tokens will go back into the regular supply and if not they will be burned. This reduces the circulating supply for now.
They are also on target to hit their roadmap goals. I will be keeping you informed of any moves by the team.
Thanks for the update @hilarski. Most times I look at a roadmap of an ico or a "crypto" I can't help but wonder of the status updates/or if anyone holds them accountable over it.
Valued information as always hilarski. we have fork in december so i think we will see more red roads :) good to buy alts . Regards
thanks for staying us updated regarding hedge token, it's really helpful for us.
Yes, you are right, this will be a test for the team on the account and their ability to eliminate problems. Keep me posted, I will follow it. Thank you @hilarski
it could be warning but not to worry about HDG, good news is that team is managed and recovering brilliantly.
I think the problem will be resolved quickly, thanks for the information.
Yes @hilarski, last few days was very bad for both bitcoin and Ethereum. Bitcoin have tremendous volume loss becauz of Segwit2X Cancellation and Ethereum experienced a unfortunate event that involved the Parity wallet which resulted in the freezing of $150 million worth of ether.
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Great updating news of HDG. If HDG loss some profit I `ll confirmly sure they will recover soon bcoz Hedgetoken give best value and price to their investors.
Most valuable info about Hedge Token overcome the loss of funds. They already doing steps to recover losses. But important is will not be any negative effect Hedge token investors. Thats massive news for HDG investors. Thank you for update us @hilarski.
Resteemed.