As promised late last night, Tradeqwik is down for extended maintenance. Those of us in the know refer to such downtime as Rubber Ducky landings. If you attempt to log onto Tradeqwik now you’ll understand.
Here’s what’s happening during this particular Rubber Ducky landing.
BTC wallets are being converted to four different potential BTC forks: Bitcoin Core, Bitcoin Cash, Bitcoin Unlimited, and Bitcoin Classic. Deposits and withdrawals on those forks won’t be enabled for another couple days while we see how the chains work. However, any amount of Bitcoin that you held on TQ should be copied onto at least one of those chains, possibly more.
The VIP/VIVA trading pair is being removed from the market. Moving forward after a week long cool down period, your VIP account will be in compounding mode and once it reaches 8,760 VIP you will have the option of switching it into retirement mode where it will pay you 24 VIVA a day for as long as you leave it in that mode until it drains down to less than 24 VIP. You will be able to switch it from compounding mode to retirement mode or vice versa once a week.
All Treasury Rights (TR) not on the market will sink into VIP at a rate of 790 VIP per TR by the time Rubber Ducky leaves. If you are a Crownholder, then you will get reissued one new TR per whole Crown owned a day or two later.
There are undoubtedly other things going on at the technical level, but now you can see why this particular time Rubber Ducky might be hanging around a while.
In the mean time, we have some stats to share…