I read that the distribution between the early bird adapters is proportional. Is it possible that an early bird adapter gets less EXO for 1 btc then a second-stage adapter if for example there are far less second stage investors then first-stage investors?
Cheers.
In theory you are right. It is possible that that can happen, however, it is very unlikely that this will be really the case. We are expecting an steady increase in attention and investments over the time till launch. That said we think that there will be more 3rd stage investments than 2nd stage than early bird investments. Additionally we have choosen the amount of total EXO that is given out to 15% (early), 10% (2nd) and 5% (3rd). Thus we do not think that there will be
such many more earlies than 2nd stager at all. Because of the chosen stepping there must be
more than 150% investments at stage 1 [if you set stage 2 as baseline (=100%)] so that you would get less for being early bird. Again, with increasing attention we would rather expect it to be at 80% instead of 150% or even lower.
Furthermore you could decide to split up your investments - lets say spend 30% of your desired investments as early bird, 30% at 2nd stage and 40% at 3rd stage or something like this.