I would like to let everyone know that after the announcement earlier today, I spent time and listened to the community. I pulled the team into a very important meeting and made them go over all the data repeatedly, before any conversions were made. I stressed that we had to find a way to stand behind the community that stood behind us and offer 1 ARB to 1 APX conversion rate.
Since day 1, our top priority has been user-satisfaction, I still believe that we are nothing without a happy community. Stressing this fact, I made the executive decision to change the conversion ratio to 1:1. This 1 ARB to 1 APX rate will also be effective on all conversion of external ARB when its deposited into the system, from exchanges and blockchain alike.
I know that this is the best long-term decision and hope that it shows our community we are still here for them.
With this being said the team will now commence making the transition so we can make the platform and APEX live.
Active aUSD conversion rate from the announcement will remain in effect (1.683:1).