ATL Token Swap Deadline Extended by 2 Weeks

As announced on September 1, 2020 (original article), ATLANT team has decided to conduct a swap of ATL into two separate tokens, KARTA and UVAS each representing respective platforms built by the ATLANT team Karta.com and Uvas.com. Since the team would like to be as inclusive as possible and give all token holders a chance to participate in the swap, the swap deadline is being extended to January 8, 2021. Swap terms and instructions are as follows:

INSTRUCTIONS

1. Deposit your ATL tokens either from personal wallets or from exchanges onto your account at Redot.com, our partner exchange (the only licensed exchange we know of at this time that supports ATL trading) which will be conducting the swap.

2. Tokens that are custodied on Redot.com on January 8, 2021, will be locked for a period of 1 week. Tokens that are not deposited onto Redot.com by the aforementioned date will no longer constitute any value going forward, and will not be entitled to swapping or any other action after this date.

3. In addition to what we stated in the initial announcement there will be a redenomination — new utility tokens KARTA and UVAS will be deposited in a ratio of 1:(1/1000) for each ATL on Jan 15, 2021. This should not have a material effect on the value of each token as it is being done to the entire supply on exchange at convention time. Also, the number of decimal places in KARTA and UVAS tokens will be changed to 2 instead of 18, and rounded up. Deposits, whitelisting and withdrawal capability will commence on the same date.

ABOUT ATLANT

Revolutionary Fintech/Proptech firm — developers of digital securities exchange uvas.com and home rentals platform karta.com. Additional details at atlant.io.