Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FedoraCoin (TiPS) - New Dev team: Fedoracoin Foundation
by
robotsoutofcontrol
on 04/09/2018, 21:17:33 UTC

Dear Dev,

i se the final ratio for the swap. I have no doubt that this will be the best choice but I would like to know the reasons why it was decided to choose the ratio 50: 1 instead of 5: 1.

Thanks in advance for the answer you give me.

Hi,

The reason for 50:1 is to help us reach parity with BTC. At present a single Tips is worth a lot less than a single Satoshi. This means we cannot trade against Bitcoin, even though Tips/BTC pairs exist.  It is hoped that the ratio, combined with our development and marketing will change that.

Best!
Robots