Please help me understand BIGUP. The OP does not mention the ICO price? Nor the total. Please do so. The secret is that the price cannot fall lower than 1 satoshi, you think? Did I get that right? Thanks a lot!
'AltFolio.ddns.net helps trading'
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'AltFolio.ddns.net helps trading'
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Get ICO price here:
https://yobit.net/en/ico/
BIGUP coin is on the list.
Thanks a lot.
Now that I have that one number I can assess this, not before.
Very helpful list. Didn't know. So the ICO price was 1 Satoshi? Please put that 1 Satoshi information into the OP, it is essential for anyone new who is coming here. Thanks.
A bit stupid that yobit doesn't tell how much was actually SOLD during the ICO. So for now let us trust BigUpGiddyup for this:
BIGUP Specifications:
Name = BigUp
Symbol = BIGUP
Initial Supply = 4,000,000,000 (4 Billion) BIGUP = 3.5 Billion ICO + 500 Million dev funds
Burned after ICO: 2,581,823,262.49698260 (~2.581 Billion) BIGUP
So I guess that means you made (3.5 - 2.58182326249698260)*1000000000 * 1 Satoshi = 9.18176738 BTC? Am I correct? Please check my numbers, everyone can make mistakes :-)
--> Please put that 9.18176738 BTC information into the OP, it is essential for anyone new who is coming here. Thanks.
9 BTC is not much to keep on developing a coin ecosphere until it is successful. At 20 USD / hour ... it is gone after 180 hours ~ 1 working month.
The main problem that would keep me (and perhaps others too) from investing is this:
Initial Supply = 3.5 Billion ICO + 500 Million dev funds
Burned after ICO: 2,581,823,262.49698260 (~2.581 Billion) BIGUP
--> Am I understanding this correctly?
0.5 / (4 - 2.58182326249698260) * 100% = 35.3 percent devfunds. Please check my numbers.
If that last number is correct, then this coin is a nogo for me right now.
However, the situation could be repaired really easily:
Burn (at least) 2.58182326249698260 / 3.5 * 500 million = burn 368.8 million coins of the devfunds-premine. Please check my numbers.
That brings the devfunds down to the pre-ICO ratio 0.5/4 = 12.5 percent devfunds-premine. Premine additional to ICO money ...
Just my 2 cents. Reward me if you like this: [BIGUP] BHjrBL6ZXoKwNaKkb4iXu6snEajJXVKav4
All that mathematical hokuspokus is actually tiring, I know.
The above calculations were done manually, so forgive me if there are errors in it. Errors are human ...
... actually one of the reasons why I have created this superb semi-automatic solution. Try it, it does helps a lot:
'AltFolio.ddns.net helps trading'
EDIT: Or are the 500 million locked into some smart contract, and only released slowly over time? They should IMHO really not be in the hands of 1 person.