Hi guys,
I have a question regarding the ICO:
I think I understand how the price will be pegged (from the plain English statement in the main thread), but the formula
MAX(PRICEWEEK(N) ([AMOUNT] BTC x 4 / 1,528,000 DSLK)
is not really clear.
Is what you mean that the price for one DSLK (in BTC) will be
DSLK_PRICE = max( WEEKLY_ICO_FUNDING_VOLUME_IN_BTC ) * 4 / 1,528,000
?
Cheers, and good luck with the ICO
Yes, your equation is correct. The week with the highest volume sets the price for all four weeks. It may be more accurately stated as follows, though:
argmax WEEKLY_VOLUME_BTC*cos(PRICE_ELASTICITY_OF_DEMAND) * 4 / 1,528,000
where argmax == DSLK_PRICE && DSLK_PRICE is on the interval [0.25, 2.5]; PRICE_ELASTICITY_OF_DEMAND is in the range of all real numbers