Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Crypti | Release July | 100% POS | New Source
by
SyRenity
on 04/07/2014, 10:30:00 UTC
So will people be able to buy crypti directly with Nxt? I hope there will be not price difference as done by maidsafe for mastercoin, since this could cause some real problems.

Regarding the cap, have you considered setting a max pre-market cap/valuation so as to avoid over dilution which will not be in the best interest of your investors? As user crypti pointed out, 300-500 btc cap would constitute a good entrance and opportunity for investors, but I don't think >1000 btc will be in their best interest or advantage. With the additional escrow option for Nxt users I think there is a scenario in which >500 btc could happen. Any thoughts on that?

All our issuance is based on BTC, so unfortunately NXT owners will have to convert to BTC first.


As per max market cap, we considered it as well, however eventually reached a conclusion it's best to let the market decide. Limiting to max market cap is not fair to any potential late buyers, and alternatively trying to re-balance and refund everyone with excess funds at the end of pre-sale will be quite a difficult task with a high margin of error.

That said, Dgex quite successfully prevented high-worth NXT individual from purchasing a non-proportionally large amount of FIMK stake, and we believe same safeguards will be the solution for Crypti pre-sale.