Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo ICO - Zero Knowledge Privacy Secured by Bitcoin
by
BitcoinOnFire
on 16/09/2016, 17:50:04 UTC
What's your problem man? Got problem with not having BTCD? - buy some. You welcome.


There 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?