So , If I invest 1 BTC, I get 5000 coins ? But by the time I get those coins , i've lost 5% of them since they've been 'switched off' which means as soon as I invest, I lose 0.05 BTC or 28.75$ per BTC invested.
This is a great idea. InstaLoseYourMoneyCoin.
No that's not correct. That's based on if 100BTC in total is collected but yes you will receive 5% less coins as that 5% will be destroyed in the transfer but you won't instalose 5% of it's value. Under that example, you'll end up with 4750 coins for 1BTC. No lose in value at all and the market value for Switch Coins will far exceed the IPO value.