Dear Community Member,
Due to the unexpected, large volume purchase of the mining plans by few individuals over the past few months, we have seen a large shift in the distribution of CNV to these few individuals.
As you would agree, it is unhealthy for the whole ecosystem to allow just a few individuals to hold a majority of the mining plan. Even though we do not normally intervene in the market, Coineal has decided to repurchase those mining plans from individuals with high investments.
All repurchased mining plans will be removed from the mining pool.
We believe this will ensure the CNV is distributed more equally amongst a larger pool of individuals and can create a healthier ecosystem.
| Repurchase schedule: from February to April 2021
The repurchasing will be conducted during the month of February to April by private negotiation with large volume mining plan holders who will be contacted by Coineal