Lets say I want to buy 100 pre-IPVO shares, how many XBOND do I need to have? What does "redeem XBOND" means, XBOND "burns" after pre-IPVO purchase?
You will need 250 XBOND shares.
Ok, that's the 5:2 ratio.
So I have to spend something like
BTC 0.28625 in 250 shares that have a face value of
BTC 0.25, to be able to spend
BTC 0.25 instead of
BTC 0.3 in some other 100 shares?