Swap ratio is 4 Piex to 1 SEND, maximum coin supply will be 37,500,000.
With social send feature added this SEND will be huge.
50% extra coins for devteam? That seems a lot
that is a lot and a joke right ??
Total supply after the swap is expected to be 37,500,00 coins and 6,875,000 coins will be left with the developer team. Refer the official statement below.
The numbers for the Cap.
In regards to the exact numbers for our market cap, they are as follows 37,500,000 coins will be the maximum number created. We anticipate using 22,750,000 coins for swapping out our community from Piex to SocialSend. There is a very real chance that we will exceed these numbers for swapping because of the drama that has occurred with the exchange, but we are prepared for this possibility. We will not allow the issues from the last swap to derail this one and we have taken several steps to insure this goes smoothly. There are 7,884,000 coins set aside to pay for the rewards from staking and masternodes. That would leave us 6,875,000 coins to use as our cushion incase we need more coins for the swap. Any coins left over after the swap will be considered for our development fund or burned.
Why 4:1? 72,000,000 was the early supply. If we divide this by 4 it should be 18,000,000. Ok... you need some coins for development and staking and investing. Thats ok! But why not change 1:1 with a funding of 10-20% by swapping the coins?
And what happen to my coins on C-CEX. These are early coins! What should i do with them? And what happend to the coins in the wallet which was generated after the 5th of november?