Quote from: thegreatestpotato on March 07, 2017, 06:39:32 AM

Quote from: modernbuddha on March 07, 2017, 05:47:00 AM

Quote from: jayohby on March 07, 2017, 05:42:51 AM

Quote from: thegreatestpotato on March 07, 2017, 05:15:41 AM

Hello Everyone!

Planning to Invest some in WeTrust.
I am from India and I know very well what ROSCA is.
The potential for such a project is huge.

I have a doubt.
After we invest in the ICO, how are the going to decide the exchange prices for ETH and BTC ?
I mean, if ETH is 0.015BTC as of now when I am investing, and at the end of the crowdsale, it becomes 0.02 BTC then which price are they going to use to calculate the number of TRST tokens I'll receive ?
I think 40 days is a long time in the Crypto world, anything could happen to the price.

Thank you for your answers in advance.

And Good luck to all the Supporters of the project and to the WeTrust team.

in that case, it'll be 0.015btc. so you will lose out a bit if eth price goes up to 0.02btc. of course, it could also go down to 0.01 ? that's always a risk.

@thegreatestpotato: We will pull price data from Cryptocompare, Coinmarketcap, and Poloniex at the time you contribute. Bookkeeping will be done on the spot in this fashion. Everything will be denominated in Bitcoin and Trustcoins will be allocated as such. (e.g. If you contribute 100 ETH, and it is worth say $1,500, we will convert to the equivalent number of Bitcoin and tally it up in this manner.)

We will denominate everything in BTC. We will be holding both ETH and BTC, but at the time of donation, the spot rate will be in terms of BTC.

Thank you so much for your answers guys!

@thegreatestpotato: You're welcome. Let us know if you have more question! Always happy to answer.