New- FC2 received today! 3.8 mil converted to 242k- wow, that's drastic. But, hey- at least we can say our Developers have accomplished the task exactly as they said they would- every step of the way. I like being on-board with this coin.
That seems like a better rate than I had.
I had 2.4 Mil and ended up with 57K.
Does any one know what rate they converted at?
The rate they converted was based on percent of market cap, so proportionally you would still have the same number of coins as you did before.
The old FUEL market cap was about 4.3 billion coins. If you had 430 million FUEL, that would be 10% of the total market cap, thus you would receive 10% of the total market cap of FC2 (10 million coins)
2.4 million = 0.0005581 of total market cap (0.05581%)
0.05581% of 100 million = 55,810
The number above I'm sure is a little different than yours because I don't have exact amounts - but that is where they got ~57k coins from your ~2.4 million. Basically, before the swap you owned 0.05581% of the total FUEL market share, and now you still own the same percent of share in FC2.
A better (and less prone to error) solution probably would have been to figure out a conversion rate as you mentioned - percent market cap of FC2 versus FUEL, which is 0.023255. This number times your FUEL would yield the correct number of FC2.
2.4 million * 0.023255 = 55,812
As to why SumthngsWrong received 242k for his 3.8 million - that definitely does not sound right, he should have received around 88k. I am guessing (hoping?) for a typo somewhere in his post.
Based on this here are the some calculations based on what people received and what they should have received.
Did I mess something? Either we have few typo's or people are receiving amounts different than their market share. Can anyone else report their conversion numbers because so far this isn't adding up.