Re: [BitFunder] - ADDICTION - KNCMiner - Now hashing at 14+TH!
4. We have increased original forum share value from 1 to 100 ADDICTION shares. So for each original forum based share, you will be issued 100 ADDICTION shares.
I've been pretty busy for the past few weeks but I just realised something..I bought 2x forum shares at 0.35 BTC each for a total of 0.7BTC [3rd batch], and I have only been issued 100 shares on BtiFunder.
Is this a mistake or ?
Groupbuy 2 and 3 had 248 shares instead of 124, so got 50 bitfunder shares each, the quote above is from when there was only a groupbuy 1
We are still splitting miners into 240 shares. Price is set at 0.35 BTC per share.
Our groupbuys are special because of our ADDICTION asset on Bitfunder. Once hashing these 5 miners will become a part of the ADDICTION network, just like the previous groupbuy
Because delivery of these miners is later than the first (possibly two) batches, we can't and won't issue new ADDICTION shares until these miners are delivered and running.
Once that happens though, these shares can be exchanged for assets on ADDICTION. This will be done - as described in the IPO details - by using the hashrate of the device. It is expected that the second batch will also run at 400GH which would mean for every share you'd receive 50 ADDICTION shares, regardless of the actual price at that time.
Our groupbuys are special because of our ADDICTION asset on Bitfunder. Once hashing these 5 miners will become a part of the ADDICTION network, just like the previous groupbuy
Because delivery of these miners is later than the first (possibly two) batches, we can't and won't issue new ADDICTION shares until these miners are delivered and running.
Once that happens though, these shares can be exchanged for assets on ADDICTION. This will be done - as described in the IPO details - by using the hashrate of the device. It is expected that the second batch will also run at 400GH which would mean for every share you'd receive 50 ADDICTION shares, regardless of the actual price at that time.