If you have no idea what a V999 account is then this email will be of no interest to you whatsoever.
However, if you have a V999 account then there is a good chance that there are some V999 coins and/or GNS coins in your account that should now be converted across into something called MBASE coins. Why?
Well, first off, if you do not send them across (V999/GNS) they will at some point in the near future, simply disappear. They will literally cease to exist when the V999 exchange closes down (and I do not know when that will happen before you ask). And, who knows, maybe, just maybe this will give us something back that we can finally use (as you know, we could never do a damn thing in the end with our V999's or GNS tokens.
The V999 project never got off the ground for whatever reason but apparently, over the last 2 years, a new project (exchange of sorts) has been developed that will allow you to use any existing V999 and GNS assets to grow more assets. This will be achieved through the acquisition of MINEBASE tokens that can be passively staked for more tokens and hopefully be tradeable for real on external exchanges.
I don't fully have my head around this yet so please don't ask me questions I can't answer. I will, however, explain this new project as best I can later with a video on how it all works so that you can understand it all a little better. For now I only have a basic understanding of how it will all work but enough information to confirm that it would be foolish not to follow the instructions below. Time for another why?
In answer to that why, it is very simple really. Convert them or lose them and there is maybe a small chance that we could still pull some longer-term profit back out of this or, at least, move towards getting our money back. After all it doesn't seem like the other project (G999 - GSB) is doing anything unless you believe in fairy tales. Just my opinion. I sold all of my G999 tokens a while back for diddly squat.
So, for now this is what you need to know:
Step 1: If you have a V999 account and you have log in details go to https://app.minebase.io/ and simply log in using those existing V999 account log in details. Do this even if you believe you have no V999 or GNS tokens because I went through this on a bunch of family accounts and discovered V999 and GNS I never realised we had. So if you have V999 account log in details just do this - you never know.
An email came out from MINEBASE last Friday suggesting that you should register at MINEBASE but actually all you need do is log in using your V999 account credentials.
Then, once inside the MINEBASE account, it will automatically recognise that you have V999 and GNS assets. So, click on WALLET in the top menu once you are logged in and any V999 and GNS you have will be listed in your wallet(s) below MBASE and ETH.
Step 2: Click on the MBASE wallet where it states "Generate Address" and a MBASE wallet will then be created. Once that is done, click on CONVERT TOKEN on your V999 assets wallet and do the same on the GNS assets wallet if you have GNS. You will then see a balance appear in your MBASE wallet.
This will exchange/convert 25% of your V999 and 25% of your GNS holdings into MBASE tokens. My understanding is that you will be able to repeat this process again with another 25% in six months time and then again after another six months etc. until they are all converted. Only existing V999 and GNS holders can access and (effectively) create these new MBASE tokens for now so we get an automatic first mover advantage.
The conversion is 2 MBASE tokens for each V999 you convert and 1 MBASE token for each GNS you convert.
As soon as the token gets listed on crypto exchanges (this has already been arranged apparently), you can immediately sell your MBASE tokens. And to make it even better for you, it will only be the V999 and GNS token holders, who can sell their tokens at the start of trading. As things develop, who knows, maybe there is some mileage in this for us.
If you don't do this, you are simply throwing away a chance of recovering some of those hard earned assets. Apart from the video, when I can get to that, I will let you know about any other significant information regarding this project when I have it.
One extra step that should get you started in a small way towards producing something extra right now.
If, once you have converted your 25% of your V999's and GNS's, you go to the link marked CTP in your MINEBASE account. You will see something called "period of time". If you click that you will see a row that has MBASE 1.0 PENDING and a code. Copy that code into a box below that says "enter your code" and then click submit. Once you do, you will start to generate new MBASE tokens each day.
A new code will appear here every 24 hours and you will be able to repeat this process daily. If you don't do it daily it just means that on that day you do not create any new MBASE. I cannot see an automated way of doing this sadly so it is probably worth the effort of logging in after each 24 hour period and doing it again. Something for nothing is generally worth having.
That is all I understand about this new project so far but I will be watching closely. My view right now is simple. Give it a chance, see how it goes.
Excuse any typo's I needed to get this done quickly.
John
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