Question about BTCD swap:
I understood that all of those 90% of KMD will be sold for BTC/BTCD investors, but how do you guys know how much KMD:s will be given to BTC investors, since you don't know how many BTCD owners will swap in 1 year swapping period? Or do you plan to wait 1 year and then share the percents, when we know how much to give BTC investors and how many to BTCD swappers?
James I have another question.
There are going to be 100 million KMD for ICO
Let's say (in simple way) there are 1000 people who give 1 BTC each. Will they get 100,000 KMD each (100 million / 1000)
and if there are 30000 people who give 1 BTC each they get 3333 KMD each?
In other words all of those 100 million will go to those who buy?
90 % of the Komodo coins are distributed to investors (BTC+BTCD)
10 % will be reserved for development, advisers and bounties
So yes, you got the basic idea! The supply is fixed, but we don't know yet how much money Komodo raises.
*snip*
We will assume all the BTCD will be redeemed. If after a year it isnt, it would just go into working capitalThere is something here I can't wrap my head around... even tho it seems it has been explained quite a lot, but still is convoluted like shit. (!)
Exactly how much KMD of the 90m are going to be reserved to BTCD holders?
If it is assumed all BTCD will be redeemed, (1,286,569*0.0053=6818 BTC) and 7k BTC are collected,
1.- Isn´t that unfair for BTC investors, who will get the bonus only if they risk investing during the ICO, and on top of that they will be the ones financing the project with real cash (BTC), and not some illiquid coin with no volume nor demand not to talk about future?
2.- What if 30k BTC are collected?
3.- Is then the real limit of BTC collected 36818 BTC or is it 23182 BTC ? (30k - 6818 = 23182 BTC)
If it is the former the dilution will be even more damaging for BTC investors, increasing their risk to lose money (!)
4.- Why is that real limit not especified in the OP?5.- Isn´t that a sneaky way to dilute BTC investors stake (!) and having more working capital than the 10% stated?
(
we know statistically there is going ot be an important chunk of ppl who wont swap their BTCD, either they died, lost control over the coins, simply forgot they have them etc,.)
6.- Why not limit the amount of KMD available to swap for BTCD and the time to do the actual swap as is done with BTC investors? Wouldn´t be that more fair?