If possible I prefer 1-5 swap because the circulating supply will reduce from 212 Billion to 42 B and the total supply from 482 B to 96 B (less the 100 B).
Here some examples of coins with more than 42 B of circulating supply with the price on BTC markets in this moment in wich the market is so depressed.
KIN KIN 0,00000002 BTC 756.097.560.976
Dentacoin DCN 0,00000005 BTC 325.226.613.094
Bytecoin BCN 0,00000037 BTC 183.890.481.254
Holo HOT 0,00000011 BTC 133.214.575.156
Nexty NTY 0,00000006 BTC 104.707.875.797
Pundi X NPXS 0,00000036 BTC 87.487.145.429
Silent Notary SNTR 0,00000001 BTC 83.052.191.711
HTMLCOIN HTML 0,00000003 BTC 52.292.389.428
With the next adoption by the masses of the cryptos (shortly, i think) the price will increase and it will be necessary a fairly high number of coins in order to have a "reasonable" purchase price (0.01$ - 0.02$), therefore 1-5 swap can be a good ratio.
At today's price ($ 0.000010) with this ratio (1-5, at least in the first cycle) it will be difficult to lose value after the swap.
If the swap is done by an exchange (eg: coinexchange), at least in the first cycle, in wich transfer all the coins (voluntary), the procedure will be simplified also for "non-tech people".
P.M.
Hi Maprofit!
Thank you very much - really helpful feedback! We are definitely proposing a reduced supply. Initial thinking was 10:1 but 5:1 could also work. As it's still in planning we are just looking for as much feedback as possible right now so thanks again!
The TickerThere has also been discussion in other channels about the Fedora Ticker. Some people have asked that we stay on the existing ticker (TIPS). Other people like us moving to a new ticker (TIP).
The main impact of the ticker decision relates to exchange trading: if we go to a new ticker (TIP) then the legacy TIPS will probably remain on some exchanges for trading (Altilly, Nova). Other exchanges (Coinexchange is confirmed) will only keep the new Fedora coin, whatever we call it, so ticker name is irrelevant in that case.
We are yet to receive feedback from Gate, but they are a very busy exchange.
Important: Ticker name won't affect the operation of the legacy chain for anybody who doesn't want to swap. It just has potential impact for how the coins are treated by some exchanges. Would love to know people's thoughts.
Cheers,
Robots.
Can probably make agreement with Nova to swap and leave just new chain.