Upon the advice of the Cryptoways Advisory, we have decided to close our node on the Turtle Network and open another on the main Waves network. The reasons for this are many, and I will endeavour to explain the major reason for the decision here.
Our main decision to open a node on TN was as a support for the efforts of blackturtle in the hopes of making something better. However, the technical support we expected to receive in order to support ourselves and support the network (such as the Cryptowave gateway and the CWV faucet) was first delayed and then overly priced (around 1 BTC to have the gateway). We do not presume to know the actual cost of this; however, we know that the cryptofamily will not support any decision to spend such an amount on a gateway. With this new information, the advosory team saw that maintaining the node on the turtle network is no longer viable and will no longer bring the expected benefits for our members. Moreover, the cost of the gateway, which was necessary for our mission, vastly outweighs the potential profit it brings.
Based upon the above, we have decided to close the Cryptoways node on the Turtle network on Wednesday June 6. Before that, a last lease payout will be processed. Moreover, all those wishing to transfer their Cryptowave from the TN network to the Waves network can do so by sending them to the alias “cryptoways” with their waves address as an attachment. Processing these transfers will be done within 48 hours and the cost of transfer will be 6 CWV. Please make sure to send all transfer requests by Friday, June 8.
On the other hand, it’s not all bad news. Since our server account still exists, we will be using it to create our own node on the Waves network. For this, we have partnered with the Bito Token team who will share the node with us. The main purpose of our node will be to provide node support for new waves startups in order to help them avoid the injustices and the hurdles that Cryptoways and Bito have faced as we started up our growing teams.
In conclusion, we appologize for any inconvenience this has caused any of you. We are doing this for the continuous improvement and betterment of Cryptoways and Bito and to bring maximal profit to our members. So, we thank your for your continuous trust and support.