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Introducing CryptoCoins

April 1, 2018 at 12:00 PM
Egg Cave on the Blockchain
Introducing CryptoCoins

Over the last year or so, you have probably heard about Bitcoin. Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Bitcoins exist on something called the blockchain, a digital ledger in which transactions made in a cryptocurrency are recorded chronologically and publicly.

Today, we are proud to announce Egg Cave's own version of a cryptocurrency called CryptoCoins. It will replace both Egg Coins and CaveCash as something that is technologically superior. CryptoCoins (CC) will be an ERC20 token that runs on the Ethereum blockchain app platform.

The Good News: You Control Your CryptoCoins, Not Egg Cave

To get started, you will need to begin familiarizing yourself with blockchain technology. You will need to understand that your CryptoCoins (the new currency at Egg Cave) will have both public and private keys. When someone sends you CryptoCoins over the blockchain, they are actually sending them to a hashed version of what's known as the “public key”. There is another key which is hidden from them, that is known as the “private key.” This private key is used to derive the public key. You can know your own private key, and everyone else on the blockchain knows their own private key, but the private key should not be shared with outsiders (that is, unless you want your CryptoCoins to be stolen!). Anyone who has access to your private key can access your funds.

What's cool about this: Egg Cave is no longer the centralized bank or distributor of Egg Coins or CaveCash. You control your own currency and Egg Cave can't tell you what to do with your tokens! Your tokens are also not subject to things like downtime or glitches at Egg Cave. They are yours and yours alone!

The Biggest Changes

  • Egg Cave is no longer the central bank of any currency — it is being decentralized
  • Egg Coins and CaveCash will be phased out starting April 2, 2018
  • CaveCash balances >0 CaveCash will be reimbursed with the CryptoCoin ERC20 token based on their value in USD beginning April 5, 2018 at 12:00 AM ECT (Eastern)
  • CryptoCoins will go on sale in an ICO (Initial Coin Offering) on April 2, 2018 at eggcave.com
  • CryptoCoins supply will be capped at 21,000,000 CryptoCoins, solving the "inflation problem" that fiat currencies struggle with
  • CryptoCoins won't be given out on Egg Cave as rewards for things like feeding, they will need to be purchased on cryptocurrency exchanges around the world like Coinbase or Binance (get ready to set up a brokerage account to begin trading!)
  • Trades and Auctions will be converted to smart contracts (in order to trade, you will need to be a coder and programmer)

Real-Life Changes To Consider

The value of CryptoCoins will be tied to the US dollar. The exchange value will change over time which means you could gain or lose value. This means that you will be obligated to report your CryptoCoin capital gains on your taxes to whatever country you're currently living in. If you're in the US, please see Form 8949 with the IRS.

We understand that this is a pretty big change but are confident that, with such loyal players like Egg Cavers, that it will be a piece of cake for you to figure out.

The Learning Curve

Everything that we've talked about thus far is the easy part of cryptocurrencies like CryptoCoins. From here, it gets a little bit more difficult (i.e. what is my wallet address? What is another user's wallet address if I'm not sending to their Egg Cave username? What programming language are smart contracts written in so I can trade?). If understanding this has been too difficult so far, we're sorry to inform you that you may not be able to continue playing Egg Cave because its currency might be too advanced for you.

Next Steps: Create Your CryptoCoins Wallet

Egg Cave will manage your CryptoCoins wallet. In preparation for these changes, please visit eggcave.com/cryptocoins and click General Public/Private Key Pair. Using these keys, you can then generate your wallet addresses which is where Egg Cave users will be sending you CryptoCoins. Remember to keep your private key safe and never share it with anyone (unless you want to your coins stolen!).

The Crypto

To celebrate Egg Cave's evolution to a more secure, inflation-proof currency, the Crypto has appeared in the Cave. Find it there for a limited time (through the end of the month, April 30)!

Comments: 95

applegranny • 1 Apr 2018, 1:45 PM

April Fool's to you, too, Ian! Congratulations!

wolfkit • 1 Apr 2018, 1:50 PM

I am so glad this is a joke. I was really scared I would have to quit.

deku • 1 Apr 2018, 1:53 PM

YEEAAHH man i'm ready for some cryptocoins! read up and brushed up all in the span of 30.80085 seconds. brilliant and simple and flawless! so stoked for the 2nd to show up! totally NOT a joke i'm sure -- 😃

icesparkle22 • 1 Apr 2018, 1:54 PM

well played, ian, well played.

cclynn2855 • 1 Apr 2018, 2:04 PM

Kay, this was pretty sweet

icecloud101 • 1 Apr 2018, 2:15 PM

@ian nice april fools, but it scared me too much

icedmagma • 1 Apr 2018, 2:30 PM

❤️ happy April fool's day! Love the creature XD

foxbit • 1 Apr 2018, 2:49 PM

@teddybearlover It's a joke, don't worry!

foxbit • 1 Apr 2018, 2:51 PM

@teddybearlover It's April Fools'. People usually prank each other today.

cloudslay3r • 1 Apr 2018, 2:52 PM

Fell for it again...I'm gullible ^^" Well played and thank you Ian!

draco_malfoy • 1 Apr 2018, 2:58 PM

Aaannndd the annual April Fools Joke...

raccoon • 1 Apr 2018, 3:01 PM

Nice one @Ian! Best april fools joke so far! Love it!

karma333 • 1 Apr 2018, 3:17 PM

This scared me so badly

foxbit • 1 Apr 2018, 3:19 PM

I just found one! I love the stages and the cartoony eyes. 😱

prairie • 1 Apr 2018, 3:22 PM

@ian I think the 2nd stage (teen) is flipped. The E is backwards.

sorrow • 1 Apr 2018, 3:34 PM

ha.

inkpelt • 1 Apr 2018, 3:38 PM

Oh thank goodness this is the April fools joke lol nice one egg cave!

skymoare • 1 Apr 2018, 3:42 PM

HAHAHA...ha...ha... please tell me it's a joke

mairbear • 1 Apr 2018, 3:46 PM

LOL This is the best april fools day eggcave has ever done xD Love it! (P.S. This better be a joke lol)

anabanana • 1 Apr 2018, 3:56 PM

Haha that was pretty shocking, I hope Crypto isn't a prank though, he's really cute 😃

silverserpent • 1 Apr 2018, 4:05 PM

This gave me such a headache before I remembered it's April 1. xD

silverserpent • 1 Apr 2018, 4:21 PM

I got a Crypto!! Woo! xD

utterlyweird • 1 Apr 2018, 4:27 PM

@wolfkit Same here. *bonks my head on desk and sniggers*

degong • 1 Apr 2018, 4:35 PM

@muzb Cryptocurrency is different from economics. I think you’d have to take some tech class in order to understand it. 😋 || April Fool’s has arrived, and it’s better than ever. “[T]echnologically superior” xD Absolutely necessary for EggCave, I can assure you.

lucas • 1 Apr 2018, 4:46 PM

HAHAH I guess I'm going to 'quit' EC then! xD

cherryblossomlover • 1 Apr 2018, 4:48 PM

i'm so glad this is a joke @ian because i would of so quit the game, no one is using my computer for getting paid from a cryptocurrency lol

skyfall4 • 1 Apr 2018, 4:53 PM

Best joke so far 😃

fakeworld • 1 Apr 2018, 5:25 PM

Lol I know it's a joke, but why is it so believable! I kept catching myself second-guessing if it was a joke or nor lol. *facepalm*

asi • 1 Apr 2018, 7:06 PM

What a terrible idea, I love it X,,,,,D

toplel • 1 Apr 2018, 7:41 PM

I need to take a deep breath *inhales* *exhales*

iris1929578 • 1 Apr 2018, 7:49 PM

Ha. Ha. Ha. (Translates to: wow, nice prank. Happy April Fools.)

hashtagnight • 1 Apr 2018, 8:32 PM

first tumblcoin now cryptocoins

orchids • 1 Apr 2018, 8:47 PM

Good one 😉

kudo • 1 Apr 2018, 9:02 PM

wahh this one scared me but wow very convincing

chaotic • 1 Apr 2018, 9:07 PM

OH MY GOODNESS!!! horrible...just horrible -.- I almost believed this until I read the comments lol. Thanks x3

kissed • 1 Apr 2018, 10:08 PM

Agghhhh! Thank GOD, this is a prank!

iris1929578 • 1 Apr 2018, 10:41 PM

I think you guys went overboard with this prank XD reading the comments.

Orderedchaos • 1 Apr 2018, 10:43 PM

@iris1929578 Pssssh, this is nothing compared to the year we turned every creature into yeeps.

iris1929578 • 1 Apr 2018, 10:45 PM

@Orderedchaos Wait, you turned every creature into Yeeps once??? I need a full list of the pranks Egg Cave did over the years XD

iris1929578 • 1 Apr 2018, 10:46 PM

Wait, that wasn’t a prank, right? *carefulness went up by 50%*

mejary • 1 Apr 2018, 10:46 PM

Oh... My... God XD I got fooled again! I read the post like 3 times and I couldn't understand anything! I was like "Well, time to quit for real. I don't understand any of this." So I went to the comments section, and boom... Well played XD I'm so gullible T^T

Orderedchaos • 1 Apr 2018, 10:56 PM

@iris1929578 Let's see, one year we had "retired and csp" creatures in the cave (they weren't actually), there was the Auction tax, there was the Jester creature which disappeared when it evolved, and rereleasing Onnys for another year.

lunacharm1037 • 1 Apr 2018, 11:26 PM

OMG this is the worst prank ever. I panicked for 13 seconds before I remembered it's April Fools Day lol. But so believeable

eggslover • 5 Apr 2018, 4:45 PM

You know, this actually kind of brightened up my April Fools. Since it was also Easter that's all everybody was focused on and I didn't get to have any April Fools jokes, this was great. Although I do have one little thing to say about it.

eggslover • 5 Apr 2018, 4:47 PM

(I ran out of space) If they hadn't stopped the person, someone could've ended up spending a lot of money, but it's not a big deal, because they ended up stopping them. I guess I just kinda' freaked out a little...

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