I have a few (admittedly basic) questions regarding investing a small sum in this venture. If there is a FAQ for a newbie, please link.

I would appreciate if anyone can advise on the following:

1) You can not invest using a web-based wallet, but I assume investing from my own Bitcoin QT wallet installed on my PC would work, correct?

2) You need to use a new (separate) address for sending bitcoins to the exodus address, correct?

3) You will receive 100 mastercoins for each bitcoin sent? How do your receive these? How is this verified? Can you receive mastercoins in your bitcoin wallet? When do you receive them?

4) There will be no new mastercoins created after the investment deadline of end of August? How does the total invested amount = optimal # of mastercoins needed to make system work? The method of creating mastercoins creates an arbitrary #.

Thank you.