CanYaCoin Top Stories

CanYa HODL Club – Update #1

Important updates to the CanYa HODL Club!

Welcome to all of our CanYa HODL club members!

After the successful conclusion of the CAN ICO we are pleased to announce there are now 550 CanYa HODL club members! Entry into this exciting club is exclusive but the prerequisites are simple:

CAN ICO – HODL Club Entry

If you have 5000 CAN tokens (or more) from the ICO then congratulations, you are automatically in the CanYa HODL club and there is no action required.

Post-ICO – HODL Club Entry

If you didn’t participate in the CanYaCoin ICO but want to join the CanYa HODL club, you will need to purchase 10 000 CAN tokens (or more) when the CAN token hits exchanges (available from 08 January 2018).

After this you will need to contact support@canya.com to have your ETH address whitelisted for the CanYa HODL Club. After 45 days of successful HODLing (our Proof of HODL test) you will be added to the CanYa HODL Club.

CanYa HODL Club for the CAN ICO of over 5000CAN

Specifics of the HODL Club

The rules of the CanYa HODL Club are basic; HODL your CAN tokens! If you move any CAN token out, you exit the CanYa HODL Club and lose access to all of the perks and privileges that come with the HODL Club. You can always ADD more CAN to your whitelisted ETH address but you can’t move them away.

As the CanYa HODL Club is exclusive, we will be releasing a new website dedicated to all HODL club members and an invite only Telegram group. This will happen over the next few weeks and HODL Club members will be invited directly.

If you would like to read more about the specifics, read the original CanYa HODL club blog.

CanYa_Featured_HODLers_club_facebook-optimised

Moving tokens after the ICO?

For all our current HODL club members, you can move your tokens once and once only from your CAN ICO registered ETH address. This is for people that want to move their tokens to a more secure long-term wallet.

If you want to transfer your CAN to a more secure and long-term solution (like a Ledger hardware wallet) please follow this procedure:

  1. Transfer ALL of your CAN tokens to your longterm HODL solution.
  2. Email support@canya.com with details of your old ETH address, new ETH address and your TX ID.

The blockchain provides clarity on transactions and it is simple to confirm that ALL CAN tokens were moved to the new location. Gaming the HODL Club will not work as we will individually vet all HODL Club Members.

HODL club members have until the 01 Feb 18 to move their CAN to a long-term storage solution. After that, any movement of tokens will permanently remove you from the HODL club.

What about spending CAN token in the CanYa App?

We will never punish CanYa HODL Club members for using the CAN tokens as they were intended; as a utility token for the CanYa platform. This however, is not an immediate concern because the updated CanYa platform (that integrates cryptocurrencies like the CAN token) is still under development.

CanYa_iphone_Angled_Profile

We will provide more guidance for using your CAN tokens on the CanYa platform when this is closer to being released.

Changes to the HODL club

The CanYa Team have thought long and hard about how this should all work, and have decided to change some details for the benefit of the members.

We have now doubled the reward!

CanYa_Featured-Images-Double-Reward

There will be 2 MILLION CAN tokens airdropped to our HODL club members. However, the air drops will take place at random intervals over the next 6 months.

The randomised air drops will reduce people gaming the system and only stop people joining/leaving to coincide with air drops.

We will also be air dropping our partner’s tokens to our HODL club members over this 6 month period.

What is the benefits of being in the HODL Club?

Joining the CanYa HODL club is mutually beneficial for a number of reasons:

Short term:

Over the next 6 months CanYa HODL club members will be air-dropped 2 million CAN tokens at random times. They will also be air-dropped our partners tokens over this time frame.

You will also be part of an awesome community via our HODL website and invite only Telegram.

CanYa_Featured-Images-Airdrop-Distribution

Longer term:

Once a year, the rewards pool will air-drop an amount of CAN tokens to those in the HODL club which will again be based on their token balance. This means the longer you are a member of the club, the higher your proportion of air-dropped tokens will be as people leave the club. We will also regularly share information on our roadmap execution to our HODL Club and give them breaking news – first.

We also plan to regularly give away CanYa merchandise such as CanYa Ledger Nano S wallets, minted CanYaCoins, clothing and more! These are only available to members of the CanYa HODL Club.

CanYa_Featured-Images-HODL_Graph.jpg

CanYa Blockchain Conference:

All HODL club members will receive complimentary tickets to the annual CanYa blockchain conference (and party) to be held at a destination as voted by the HODL club members. If a conference can’t be conducted, we will purchase tickets to an alternative conference as voted by our HODLers.

CanYa_Featured-Images-Conference.jpg

Anything else?

Some members have asked about competitions run by other platforms (KuCoin for example). These initiatives are the prerogative of that individual exchange (or service) and the decision to participate is entirely up to the individual.

Be warned, if you choose to move your CAN to these platforms, you do so knowing that you are leaving the CanYa HODL Club.

For all the latest news and updates follow us here:

CanYa_Featured-Images-CanYa-Name

37 comments on “CanYa HODL Club – Update #1

  1. Cameron McIndoe

    Hi

    as per original Hodl club post….

    Short term:
    Every month, for the first three months after the closure of the ICO, HODL club members will be airdropped tokens proportionally to their token balance. The first month is 1 million CAN tokens, the proceeding two months will be tokens from our awesome partners – to be announced in due course.

    i understand you have changed it “We have now doubled the reward!”

    Does that mean you have dropped “awesome partners” and it is completely CAN Token up for grabs?

    Thanks

    Like

  2. Tassadaq Arshad

    This was great news for this Hodler.

    Will this 2 million CanYa coins be distributed equal to all hodlers or based on who many Canyas?

    Is there many whales in hodl club?

    Liked by 1 person

    • Pro-rata based on your amount in the HODL’ers Club.

      Like

      • Would you reconsider this? Just checked the account holder’s totals. Assuming that 1-3 (64% in total) are the founders, investors and rewards/ecosystem pool, that leaves about 1/3rd of Canya to Hodlers. It seems that about 4m are in smaller than Hodlers accounts, so 32m as a base for the drops.

        But the next top15 Hodlers have 84-64=20% of all Canya, or 20/32= 62.5% of available Canya for the drops. Therefore 62.5% of all drops will go to only 15 out of 700+ (current account holders with 5k+ CAN). Or on average 83k+ per top 15 account hodler.

        Compared with 2m Can for the bottom 300 Hodlers, that will therefore divide 2/32= 6.25% of the Hodl bonus, or an average of about 416CAN per each of the 300 bottom hodlers.

        So it would be great if there was some kind of sliding scale, a max etc. Of course some will leave the Hodl club, but others will enter.

        Liked by 1 person

      • That is a lot of maths, can you please email support@canya.com with your inquiry so that we can properly assess your proposal.

        Liked by 1 person

      • Harry’s right. That’s some top distributing, disproportionate BS. Makes me wonder what kinda ppl they got working there.

        Like

    • I totally agree with you

      Liked by 1 person

  3. Zaid Ahmad Riza

    Received my token yesterday, was pleasantly surprised to find more than i was expecting, is this the first of the HODL airdrops?

    Liked by 1 person

  4. Yusuf Elsehety

    Is there a certain date Hodlers must acquire the 10,000 coins by?
    Also is there a wallet we should hodl our coins in or just simply leave it in KuCoin/AEX?

    Liked by 1 person

    • It would be wise to move it to a longterm solution (your own wallet) because exchanges are not safe for longterm storage.

      Like

  5. I am a fan of you and intend to HODL for a few years but 10K limit after ICO is too much. Please consider to drop the limit. 2K is appropriate based on the price now.

    Like

    • We are considering the request to drop the HODL limit but this will be dependant on the existing HODL community approving the change. Join our telegram for more information on this.

      Like

      • Frankly, I feel this is SHARK Club or WHALE Club – NOT HODL Club.
        If someone has 100K tokens, there is high chance that he will sell the tokens when market is down.
        But if he only has 1K tokens, he can hold it because it’s just small loss.

        Airdrop should be dividend based on number of tokens of holders. So this is fair.

        I’ve already joined the telegram and waiting for update from you guys.

        Liked by 3 people

      • Saturnin Kepa

        The 5000 canya entrence was advertised to all, everyone had a chance to contribute based on that. I know that I added more ether just so I can be in this bracket. This was a risk I was taking, this risk is looking good now, but that was not the case before the ICO when the contributions were needed most.

        Liked by 1 person

      • Hi Team,

        By which date we should know the outcome of it whether you are lowering the requirement or not?

        Thanks
        KK

        Liked by 1 person

      • Any announcements or changes to the HODL Club will be via another blog and shared on our telegram channels

        Like

      • As someone who joined the club as part of the Ico, I’d like to keep it exclusive and keep the amount that someone needs post Ico at the high-level. Membership has its privileges as American Express used to say…

        Like

      • Mark Mackenzie

        The horse has already run, it is to late to shut the gate. should have got the required amount of tokens at the ICO or buy at the market rate to get to 10k tokens. Thats what the white paper was for DYOR.

        Like

    • 2k ? you’re kidding right? If you missed the boat, move on.

      2k means any joe can join just to get the airdrop, more users = less distribution for those who believed from day 1. How is that fair?

      Liked by 1 person

  6. Perhaps different levels of hold club members. Have like minnow hold club. Shark hodl club and Whale Hodl club.
    That way everyone has an incentive to hodl!

    Liked by 2 people

  7. I did not get on the ICO, So I need 38000 + dollars to join the HODL club…? I have some CAN but this is way too much for me… I believe that lowering the amount can attract more users to the platform. As the airdrop is related to the amount owned, I see no problem on doing so…

    Liked by 2 people

  8. I am part of the ICO and transfered my canyaCoins to an exchange if I transfer 5000 back will I still be in the club?

    Like

  9. Mark Lapwood

    Just curious, I have well over 5000 CAN in my wallet from the ICO. If I transfer a small portion from my Wallet to an exchange and keep the minimum 5000 in my Wallet, will I remain in the HODL club, or will that be a deal breaker? Thanks for letting me know, M

    Liked by 1 person

  10. IAN GRIMSON

    I am most gratefull to be a member of the club. Keep up your excellent work.

    Liked by 1 person

  11. Fascinating stuff. Reading about this HODL club does make me wonder about the coin distribution a lot. Furthermore, as an early KuCoin purchaser of CAN, I was dismayed to find this video among the very first reviews on your coin! https://www.youtube.com/watch?v=MydtwjMffrs&t=38s “Is CAN a scam?”

    Please do something about your public image and resolve this debate.

    Liked by 1 person

    • This dude has 62 views. I reviewed this site several months ago on my medium blog, and many others have written about it as well. This is not the first review…

      Like

    • IMHO. I watched about 5 minutes of this video, then stopped it. There is a lot of FUD there. What he says, e.g. about shares, etc is no different to other ICOs. You never OWN the company behind the token. Maybe he’s just talking it down to hurt it, as it is now, eventually he will be proven wrong.

      Liked by 1 person

    • We have replied to his video to try and clear up some of the misconceptions and question marks that he has. CAN has been trading for less than a week and everyone is freaking out. The founder’s tokens are locked for 12 months and we are focussed on the longterm success of CanYa… not the day-to-day prices of the tokens.

      CAN is NOT a scam but if you don’t like it then don’t buy it.

      Liked by 1 person

  12. Pingback: CanYa HODL Club – Update #2 – CanYa Blog

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