Ninjastic
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Board Announcements (Altcoins)
Re: SendChat | Messaging App Integrated With Bitcoin & Sendcoin | www.sendchat.org
by
Zugzwang02
on 15/01/2015, 23:14:18 UTC
Quote from: neutraLTC on January 15, 2015, 10:44:12 PM
Quote from: Zugzwang02 on January 15, 2015, 10:01:07 PM
Quote from: neutraLTC on January 15, 2015, 09:16:59 PM
Quote from: Zugzwang02 on January 15, 2015, 07:01:47 PM
ICO price is not stagnant? I see bid price has increased since yesterday. Is that normal for an ICO? I had assumed that the price would remain fixed.

That's right its a variable price.

Thanks for the response. What determines the price then at this juncture?

Sure.  Smiley

How Does the SendCoin Distribution Work?

The CCO is offering a total of 21,000,000 SendCoins.

The SendCoins will be distributed based on your deposit total relative to the total CCO deposits received (percent distribution).
Entitlement is computed by the following ( your deposit total / (CCO total deposit / number of coins available in CCO) )

Example:

CCO Completes and has received 2500 BTC in deposits. If you invested 1 BTC then you will receive 1 BTC / (2500 BTC/21000000 SEND)= *8400 SEND

Oh okay that clarifies it for me. Makes a lot of sense, thanks! Definitely intrigued by the project and intend to invest as soon as I gather the funds.