Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic questions about this forum => Topic started by: bitterguy28 on March 03, 2025, 01:14:25 PM
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i am just humbly asking if anyone knows any more updates or details about the proposed conversion of points to tokens? i have never had my points converted into tokens so i am quite clueless about the whole procedure i already have sent a request of conversion so now i am asking kindly if there are any updates regarding that?
thank you to whoever will answer !
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The distribution of tokens occurs once in a while for all applications received at that moment, if they meet the minimum required conditions. If you have already submitted an application, then just wait until the time for the next distribution comes.
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bitterguy28, the last time I spoke to the administrator about this issue, he had not yet done the calculations for the conversion of the next distribution. The conversion depends on several factors that the administrator reveals shortly before the distribution. What I know is that the next distribution will take place during this month or at the beginning of next month at the latest.
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From my previous experience with the one I last converted, I submitted an application and waited, I can't remember how long I waited but was several months, I think around 5 to 6 months or even more that at a points, I completely forgot about the conversion or that I even submitted an application.
One day, I was just checking through my old wallets and saw that I received ALTT tokens in one of those wallet, and i quickly remembered where it must have come from, by this time, i was no longer active here, in fact, my last visit on the forum was several months back.
I later got active again after the break and since have not requested a conversion..
Like you've been told, be patient and wait, so long as you have submitted your application and meet the criteria required, you will get the tokens when the time is due.
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Is the formula for converting points into tokens publicly known?
It would be very strange if you could not figure out in advance how many tokens you will receive.
It's not related to the price, so it should be able to be estimated.
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Is the formula for converting points into tokens publicly known?
It would be very strange if you could not figure out in advance how many tokens you will receive.
It's not related to the price, so it should be able to be estimated.
The token conversion formula is made public by the administrator shortly before the distribution begins. This way, users can get a rough idea of how many tokens they will receive.
I forgot to request the last distribution (around $300), I had too much on my mind. I hope the same doesn't happen this time and that my points will allow me to earn a good amount of tokens.
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I am also interested on the conversion rates, at least, just to know the value of the points after certain periods of activities. I think the Administrator has all the facts, and it is good to get this detail for progress achievements and record purposes.
The details of conversion rates is vital for individual rewards performances overtimes in my opinion.
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I have not converted my points before and the only person who can give your the correct answer is the admin. And from your profile, you have a good number of points which is amounted to 496419. And if you successfully done your conversion come here to update how it was done so others can also follow your steps to done theirs.
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i am just humbly asking if anyone knows any more updates or details about the proposed conversion of points to tokens? i have never had my points converted into tokens so i am quite clueless about the whole procedure i already have sent a request of conversion so now i am asking kindly if there are any updates regarding that?
Wait what? Conversion of points to tokens? Up until now, I only thought we could convert our karma points to ALTT token. I wasn't aware points could also be converted, or did I misunderstood your post? Anyway, I'm eager to know what happens when we convert it. Does it goes back to being zero? And how is it allocated? I have like 50k points, theoretically speaking, how much can i get estimate?
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Wait what? Conversion of points to tokens? Up until now, I only thought we could convert our karma points to ALTT token. I wasn't aware points could also be converted, or did I misunderstood your post? Anyway, I'm eager to know what happens when we convert it. Does it goes back to being zero? And how is it allocated? I have like 50k points, theoretically speaking, how much can i get estimate?
To make a withdrawal request you must have at least 100 000 points at the moment. You can read more about it here https://www.altcoinstalks.com/index.php?topic=163096.0
And yes, when you exchange your points or karma for tokens, you get tokens and the number of your points or karma goes to zero.
The recent exchange rate is not announced yet.
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i am just humbly asking if anyone knows any more updates or details about the proposed conversion of points to tokens? i have never had my points converted into tokens so i am quite clueless about the whole procedure i already have sent a request of conversion so now i am asking kindly if there are any updates regarding that?
thank you to whoever will answer !
You will get the updates on the same section, first, the withdrawals were a little quick but now maybe due to a number of participants they are delaying the withdrawals but at some point, you will get your tokens once your points will become zero then you can expect the tokens in your wallets.
Before there was no inflationary system but now there is, you can check this thread for more information about the inflationary system https://www.altcoinstalks.com/index.php?topic=9231.0 this time we will get more points before the points were less and tokens were more and not due to this system, points are more and tokens are less.
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i am just humbly asking if anyone knows any more updates or details about the proposed conversion of points to tokens? i have never had my points converted into tokens so i am quite clueless about the whole procedure i already have sent a request of conversion so now i am asking kindly if there are any updates regarding that?
thank you to whoever will answer !
You don't have to worry for any reason, because you have acted your own part, the remaining is left form the other end for the admin to accept your request together with others who applied, provided that they all meet up the requirement for that, base on what i think, there is a specific time they will have to do the allocation, in which when it is due for distribution, they will grant for it.
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i am just humbly asking if anyone knows any more updates or details about the proposed conversion of points to tokens? i have never had my points converted into tokens so i am quite clueless about the whole procedure i already have sent a request of conversion so now i am asking kindly if there are any updates regarding that?
thank you to whoever will answer !
Dear Stuart,
Sending you this message to wish you a happy new year.
In february or march we will do a token distribution for those withdrawing their points, make sure to have enough points and to request withdrawal.
Regards,
Admin
This was a message I received from Admin months ago, as a heads up for the distribution phase, though, I did not see any thread or post in the forum regarding the distribution. Maybe it is only for those who made demands/requests beforehand for the conversion of their points to ALTs that received on a personal request.
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From my previous experience with the one I last converted, I submitted an application and waited, I can't remember how long I waited but was several months, I think around 5 to 6 months or even more that at a points, I completely forgot about the conversion or that I even submitted an application.
5 to 6 months? If I remember correctly, I received it early, as when the inflationary system was introduced, I applied for withdrawals at that time and received it shortly, or maybe I am forgetting. Well, I am sure for one thing, it did not take 5 to 6 months for me.
But this time, as other members said, it can take more time, and I have just reached 400,000 points. I wonder how much they are worth, although the last time I received them, they were about 10+ dollars, don't know the current amount, I still have those tokens.
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I don't think we can compare wait times between each distribution now. The administrator has much more work (due to the numerous suggestions and improvements he's making on the forum) than in previous periods. As I mentioned in one of my previous posts in this thread, the latest information I have on the distribution is that it will be sometime this month, according to what the administrator told me, but it's possible that date could change if he has more urgent things to do.
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I don't think we can compare wait times between each distribution now. The administrator has much more work (due to the numerous suggestions and improvements he's making on the forum) than in previous periods. As I mentioned in one of my previous posts in this thread, the latest information I have on the distribution is that it will be sometime this month, according to what the administrator told me, but it's possible that date could change if he has more urgent things to do.
that makes sense and understandable of course i am sure a lot of the members are also asking the same question so it is nice to get an answer or an update i will take note of this and hope for the earliest convenient time for administrators but there should be no rush or pressure
thank you for the update! appreciate it
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that makes sense and understandable of course i am sure a lot of the members are also asking the same question so it is nice to get an answer or an update i will take note of this and hope for the earliest convenient time for administrators but there should be no rush or pressure
thank you for the update! appreciate it
I believe many members would also like to know this information, and it's a good thing that everyone wants to receive rewards in ALTT token. This is better than many tokens from other crypto forums. I hope we can help ALTT token have more value on the forum, for example, by paying for some services like translation and advertising.
Could you add the update to the topic so that everyone can easily follow the information as soon as they access this topic instead of having to read through the discussion content of many other members!