This project is transitioning to ETCPOWv2 to ensure long-term stability, transparency, and proper system design.

Over the last year, Alex handled:

Client-side development
Backend development
Maintenance, fixes, and operational problem-solving

Alex does not control the original ETCPOW (V1) smart contracts.

What happened to the original team?

Around Christmas, Seth and Tasha disappeared. At this time, no one knows where they went or why.

Important facts:

No contracts were drained
No wallets were emptied
No funds were pulled
All known contracts and wallets remain untouched
There is no evidence of malicious activity, and no accusations are being made.

Why ETCPOWv2?

ETCPOW V1 accumulated technical limitations over time. Some issues could be fixed — others could not without breaking core systems.

ETCPOWv2 exists to correct structural design issues properly and enable a clean DEX, liquidity, and license system.

Why a swap and limited pre-sale?

Because there is no access to the original ETCPOW contracts, ETCPOWv2 must launch as a new system.

Licenses & Claims (V2)

All V1 licenses will be claimable in V2. Claiming requires a minimum ETCPOWv2 amount.

In summary

V1 systems are archived as Legacy
No funds were stolen or misused
ETCPOWv2 is required to continue the project properly
Transparency comes before marketing

This project is moving to ETCPOWv2 to reset and rebuild the ecosystem properly, transparently, and sustainably.

Over the last year, I (Alex) handled:

Client development
Backend development
Maintenance, fixes, and ongoing problem solving

I do not control the original ETCPOW contracts.

What happened to the original team?

Around Christmas, Seth and Tasha disappeared. No one currently knows where they went or why.

Important:

No contracts were drained
No wallets were emptied
No funds were pulled out
As far as we know, everything remains untouched
There is no evidence of wrongdoing, so no blame is being placed.
This may have been an accident or a personal situation.

Seth previously:

Funded the payment wallet for claims
Paid for spins and major costs
Most development and maintenance costs were covered out of pocket, primarily by Seth.

Why a V2 instead of fixing V1?

Over time, many issues were discovered in V1. Some could be fixed — others could not without breaking core systems.

For a long time, fixes were effectively band-aids.

V2 allows us to:

Correct structural issues properly
Improve token mechanics
Build a cleaner, more sustainable system
Avoid repeating past limitations

This time, we do it right from the start.

Why a swap and pre-sale?

Because I do not have access to the original ETCPOW contracts, we are launching ETCPOWv2 as a fresh system.

To kickstart V2, we are offering:

🔁 Token Swap - Swap ETCPOW → ETCPOWv2
🚀 Limited Pre-Sale - Buy ETCPOWv2 with ETC

Licenses V2 (Important)

All V1 licenses will be claimable in V2
Claiming requires a minimum ETCPOWv2 amount

When the V2 switch happens:

Claim requirement will be reduced to 50 ETCPOWv2
Receiving amounts are roughly halved

⚠️ No USD value is stated or promised.

What changes in V2?

Core systems redesigned and improved
Cleaner logic, fewer edge-case failures
Fresh NFTs & licenses minted directly in V2
DEX, liquidity, and farming can be properly established

What continues to work from V1?

Several V1 features remain fully functional, as they run on automatic contracts that don't require ongoing management.

V1 Features That Remain Active:

Staking for ETCPOW (V1) — Remains intact and fully functional
Old DEX — Continues to operate as before
ETCMC Domains

Current Claims Situation

Important: Claims are currently happening but cannot be paid out right now.

We have not made an official announcement yet because we are uncertain whether Seth and Tasha will return.

Planned Resolution:

Once we switch to V2 and swaps begin, we may be able to pay out claims from swap proceeds
If that's not enough, remaining claims will be manually converted from V1 to V2

Cypherpunks Project Clarification

Cypherpunks was never part of ETCMC — it was always a separate project.

In short

V2 is a necessary reset, not an abandonment
No funds were stolen or misused
Transparency comes first
The goal is stability, sustainability, and doing it right

Roadmap

ETCMC Development Timeline

Track our progress as we build the future of decentralized Ethereum Classic mining

Development Roadmap

Our quarterly development goals and achievements

2024

Affiliate Codes V1 Complete

Farming Own DEX V1 Complete

MEXC Listing V1 Complete

Homepage V1 Complete

NFT License V1 Complete

Linux Version V1 Complete

Q2 2025

Reward Sheet Update V1 Complete

Staking V1 Complete

Node Checker V1 Complete

Mining Pool V1 – Will return in V2

Furnace V1 Complete

Marketplace V1 Complete

Q3 2025

Ticket System V1 Complete

Automatic Claims V1 Complete

Dashboard V1 Complete

Q1 2026

V2

Staking v2 Coming Soon

Token v2 Coming Soon

License Marketplace v2 Coming Soon

ClaimStake v2 Coming Soon

Q2 2026

V2

DEX v2 Coming Soon

Q3 2026

V2

Client V2 Rework Complete Stable Build Coming Soon

Q4 2026

V2

Dashboard Rework for V2 Coming Soon

Mining Pool v2 Coming Soon

Progress Legend

Understanding our development status

Completed

Feature fully implemented and deployed

In Progress

Currently under development

Pending

Planned for future development