Quote from: BTC_Roe on August 09, 2017, 02:56:00 PM

Quote from: Admired on August 09, 2017, 02:42:13 PM

Can someone explain to me the whole BTE thing like I am 5 years old? So when I receive my 45% worth of BTE tokens can I trade them for BTC or ETH or fiat? Now I assume when people get their tokens the BTE price will crash to like .20c so essentially we will only get like 60-70% back if we sold our BTE tokens right away? By holding BTE tokens will you almost guarantee you will reclaim your 45% losses? But at the same time if you sell BTE for BTC for 20cents on the dollar right away, and btc matures considerably wouldn't you be better off in the long run?

I'm trying to make sense of everything as I had 22btc on btc-e and am really nervous about the BTE and how to handle the situation to get 100% back, but also100% back into BTC.

I am a newbie when it comes to this stuff and need some guidance how the whole token scheme works.

I think you understand it correctly. But;

It is uncertain what pairs there will be to trade on and i doubt FIAT will come back.
There is no guarantee that you will get 100% off your money back with the tokens.
There is third option, say it is indeed 20 cents/dollar than you could buy those tokens and sell them if they are higher in price.

to give you an idea, the Bitfinex token price (same kind of deal)
https://coinmarketcap.com/assets/bfx/#charts

So the BTE token will be issued at 45% of the total value of said coin at the end of August and the BTE will be equivalent to 1USD? How was it that the Bitfinex BFX coin almost reached $1? After the initial selling off of the tokens how and why does the price begin to stabilize on the tokens?

So the way I read this statement

"If you have a balance in BTE, then you will be credited with 45% in koin (the amount will be divided into 7 different coins equally BTC, LTC, NMC, NVC, PPC, ETH, DSH) and write off the amount of 45% in BTE"

does this mean that given x amount of BTE issued at the start of the new exchange, if I were to "sell" say all my BTE tokens (Which would be a lot considering 45% of my original 22 btc) , I would be awarded 7 different coins? It seems like you are bound to lose a substantial amount regardless what route you take.