Re: [ANN][C2] Coin2 | POS | Official Thread | BF3 | BF4 | CS:GO | Chain of Conflict
Hey guys, it has been a long time since I checked in on Coin2.
Some observations...
This swap/reverse split is needlessly complicated.
All you need to do is set up a new coin and have Nova swap them out for you. You really should limit this to just one exchange as it creates a public ledger of coin exchange transactions.
https://novaexchange.com/coinswap/
Just give current holders about 2 - 3 months to swap out their coins with the knowledge that it isn't optional.. the old network will die after the deadline.
People are going to need to see the old and new coin trading concurrently so they can find out what the market thinks coin2.3? is worth.
Asking someone to buy 10,000 coins at 25 Sat means that the reverse splint has to be baked into the coin cake until the market says otherwise.
250,000 Sat for 10k coins = 50,000 Sat
Just some food for thought.
Some observations...
This swap/reverse split is needlessly complicated.
All you need to do is set up a new coin and have Nova swap them out for you. You really should limit this to just one exchange as it creates a public ledger of coin exchange transactions.
https://novaexchange.com/coinswap/
Just give current holders about 2 - 3 months to swap out their coins with the knowledge that it isn't optional.. the old network will die after the deadline.
People are going to need to see the old and new coin trading concurrently so they can find out what the market thinks coin2.3? is worth.
Asking someone to buy 10,000 coins at 25 Sat means that the reverse splint has to be baked into the coin cake until the market says otherwise.
250,000 Sat for 10k coins = 50,000 Sat
Just some food for thought.
Hi Bittzy ! Nice to see you here again
I totally agree with you regarding the 2 - 3 months deadline. My initial thought was 4 to 6 months because we had some real late comers during the last swap.
Seeing the old and new coin trading concurrently looks difficult to me, because the idea was to close the old coin market before the swap and to advertise the new coin to push its value up at opening bell. Using your option the old coin price may fall and we could lose some holders before the swap, but it would allow us to buy back chip coins
When a company makes a reverse split, the shares value increase before and after this because of the supply decrease. Coin2 value should technically be multiplied by 5 or by 6, but the effective raise factor could be 10 to 20 because the market always reacts in a exaggerated way.
For example with an old coin value of 100s at market closing, the price of the new coin should be at less 600s with the 6:1 ratio but I'm expecting a 1000 to 2000s price because of the market euphoria.
The main difficulty and the biggest task for us is not the swap but the development side and the innovation to make a real difference with competitors.
You can be assured that the new Coin2 or "Coin2.3" won't be a copy-paste coin and this is why the development requires a thorough reflection.