Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Silk Network: Silk(SLK), DarkSilk(DSLK) and Weaver
by
ttoroie
on 10/10/2016, 01:53:53 UTC

Firstly sorry we didn't reply quickly as anticipated.

The 25:1 is accepted currently during this week at that rate because the current rate of DarkSilk is $0.25. Because we gave Silk the rate of $0.01 this makes it 25:1.

If you look at this:



We state here that we have looked at the CURRENT market and how it stands, Silk was at $0.007 at the time and we offered users to buy in at $0.01 as the DarkSilk ICO hadn't had much traction and DarkSilk was and still is at the minimum price cap of $0.25, thus giving the current swap ratio a 25:1 scale.

If we were to take millions in ICO funds, the DarkSilk price cap would increase to a maximum of $2.50 at which point Silk would be at the 250:1 ratio.

Sorry if the post in the OP's of both threads didn't explain this as clearly as intended and will look to have this updated and improved upon ASAP.

Basically it's the same thing since the return of the Stormnodes is in DSKL
Stormnodes pay 0.382DSLK per reward
It's just the value of the nodes that differs initially

For Example:
Max Case: If DSLK=$2.50   1 Stormnode=1000DSLK=250,000SLK=$2500  with a return of ~0.382DSLK at $2.50 ->>>$0.9550 return

Mid  Case: If DSLK=$1.25   1 Stormnode=1000DSLK=125,000SLK=$1500  with a return of ~0.382DSLK at $1.25 ->>>$0.4775 return

Min  Case: If DSLK=$0.25   1 Stormnode=1000DSLK=  25,000SLK=  $250  with a return of ~0.382DSLK at $0.25 ->>>$0.0955 return

So if you have 250k SLK now --- you can have:
 
1 Stormnode If DSLK=$2.50    with $0.9550 return
.
.
2 Stormnodes If DSLK=$1.25  with $0.9550 return
.
.
10 Stormnodes If DSLK=$0.25 with $0.9550 return

In all cases you will need more Silk or BTC to get bigger profits
Unfortunately that's the way our world works