New Structure of BlockShares Sales:
Total BlockShares supply: Approximately 162,000 BKS
- Approximately 80,000 BKS (about 50% of the BlockShares) will be sold here.
- Approximately 80,000 BKS will be held by NuShare holders who own NSR at the initial fork date. The Nu network will be granted about 50% of all BKS to encourage active involvement with B&C Exchange. Liquidity is the lifeblood of an exchange and B&C Exchange will benefit from Nus liquidity providers. We say approximately 80,000 BKS here because proof-of-stake rewards will have likely inflated the amount to between 81,000 and 82,000 BKS when the fork occurs.
- 2,000 BKS will be given to Bitcoin holders as per the design documents original specified proportion.
Perhaps the non-bidders were afraid that they wouldn't be able to sell their nushares for a fair price once the B&C exchange goes live? Looking at the charts, nushares seem like a dying asset, very similar to PayCoin to the incompetent eye.
Because the B&C shares would now be received immediately after the purchase it complicates things for B&C developers a lot since they would have to have some sort of working block chain right away. How does it impact the development of B&C and the selling of shares? I guess you won't be able to start selling before you have the B&C block chain ready, so there would be development needed prior to receiving any funds at all.