Dashcoin denomination
by Janika Kouki November, 10, 2015
MinerGate has gone through with Dashcoin denomination. We understand that this may raise a lot of questions, so here are the essentials you need to know.
On July 15th, the Dashcoin official community performed a Supply Change of the currency. The coin’s pools were updated to reflect these changes. The exchanges and the newer versions of wallets also changed the information to be up-to-date.
It was made to support the currency, as it needed to be present on multiple exchanges to survive.
Until now, when you were withdrawing Dashcoin from MinerGate to the exchange, your 10 000 DSH turned into 1 DSH. We performed the denomination to conform to the exchange standards.
It is important to understand that the value of your coins compared to Bitcoin stays the same.
If you are interested, you can find more information about the supply reduction here.