Post
Topic
Board Announcements (Altcoins)
Re: [ANN][UBQ] Ubiq - Smart Contracts For An Automated World
by
xEleven
on 26/01/2017, 07:15:03 UTC
why bittrex say JBS balances will be swapped at a rate of 1 JBS to 10 UBQ, I think JBS balances will be swapped at a rate of 10 JBS to 1 UBQ.
Where do you think is right?

Both Bittrex and this ANN indicate the coins will be swapped at 1 JBS to 10 UBQ.  If you have 100 JBS, post swap you will have 1000.  
so if the price is now 1JBS = 26k and after the swap price will be 1UBQ = 2600, right?
Thats actually upto traders ,  my opinion is, UBQ is new coin so its price neces won't be 1/10 th of JBS. The hard work of devs should reflect in UBQ price.


What if the market now trying to price in the swap and is starting to price find and trade at the expected post-swap price?