To counter the dilution the BTC bonus system would have for BTCD investors a similar system was established. The bonus is calculated by applying the average bonus the BTC investors got to the swap rate.
Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0.005852.
KMD coin distribution
10 million Komodo coins are reserved for development, advisers and bounties.
90 million Komodo coins will be distributed to those who participated in the ICO either with BTC or later with BTCD via the swap procedure. In other words, some percentage will go to those who invested with BTC and the remaining portion to those who will swap their BTCD to KMD after the ICO.
I am having trouble understanding this exactly.
There are 90 million Komodo that will be distributed.
Will the BTC ICO be fixed price? Is there a reserved percentage of the initial 90 million Komodo for BTCD holders.
Current supply of BTCD = 1285692 × 0.00532074 = 6840 BTC
So is there only 30,000 - 6840 = 23160 BTC worth of Komodo available to BTC investors?
Maybe I am missing something. But would have been good, and saved everyone some time, if this was clear from the start.