Quote from: ShawlyNot007 on July 29, 2018, 01:53:09 PM

Question:

Let's say I currently own 150 VEN = $390

From what I'm reading these VEN are going to be converted to VET @ 1:100 ratio

So now I'll have 15000 VET, so will my investment now be worth $39,000

Or will I end up with VeChain coins alongside VET tokens?

Apologies in advance for the dump question but the info online is not that clear and a bit all over the place.

Neither.

You are correct in saying your VEN will be converted to VET at a ratio of 1:100. You will trade in all your VEN and have 100x as many VET returned to you. You will not hold both.

VET is worth 1/100th of what VEN is worth, and so the value of your investment will not change. You can see this right now by comparing exchanges - Huobi have not yet performed the swap and are trading VEN at 0.00032 BTC, Binance have performed the swap and are trading VET at 0.0000032 BTC.

You can get more info regarding the token swap here: https://www.reddit.com/r/Vechain/comments/91yuoq/some_commonly_asked_questions_regarding_the_token/