Hey guys, I'm having a bit of a problem calculating the number of MobileGo tokens, not sure what I'm doing wrong here. One of the earlier posts mentioned that you should divide the total amount you invest by 0.71 and that will give you a rough estimate on how many tokens you should be receiving.
Well, I bought a few tokens yesterday when the BTC price was arond $2400. I bought 0.5 BTC for $1200 and then bought MobileGo tokens with that BTC amount.
So does it mean that I should be getting 1200 / 0.71 = 1690 MobileGo tokens ? I don't think that's correct, but I don't know where I'm going wrong. Any pointers ?
That's the right way to calculate it. I don't remember if it was 0.71 or 0.76 per token, but whichever the case, its the USD value of your investment (in this case, 2400 * 0.5 = 1200) divided by the price per token. 1690.14 if the token price was 0.71.