hey,
I had around 2.2k ETH on bitfinex and received 1k ETC. Can anyone tell me why I got almost exactly 1k ETC. How did they calculate it?
Appreciate your help!
Are the ETH lended at the moment of the fork? if not conversion was 1:1 if yes they didn't count.
from poloniex:(
https://poloniex.com/press-releases/2016.07.26-responses-to-common-etc-questions/)
I loaned my ETH before the fork, shouldnt I receive the equal number of ETC when the loan is repaid?
Terms of the Loan
As many of you know, unless you had ETH in your balances at the time of the fork, you did not receive ETC. For those who loaned their ETH to others, keep in mind that the terms of the loan dictate that you receive the same number and type of coins you loaned within X days plus the agreed upon interest. The borrower does not owe you anything less than this, nor does the borrower owe you anything more, regardless of what may have occurred during the borrower's possession of your loaned coins. To assert otherwise on the matter is forcing a debt upon the borrower that undermines the loan terms that were agreed to by all parties.
Possession and Control
When you lend coins, you give up possession and control of them in exchange for an IOU with interest. These coins are actually delivered to the borrower, who can do with them what they wish - place an order, open a position, etc. Based on this principle, those who have actual balances, borrowed or otherwise, hold the rights to anything they may be able to earn with them during the possession period.