Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CRAIG] CraigsCoin | Decentralized classified ads | 5+ POD ~ Bittrex ICO
by
MineralsPR
on 13/09/2014, 19:31:03 UTC
Nice, thank you for this. I have a newb question, ex i buy 1 BTC atm price is 0.00000025 like the OP, and after ICO end with 1000 BTC invested, then with 1 BTC invested i will get 30,000 CRAIG? btw what will affect the price late ? sorry because my english is bad, hope u understand  Smiley

NP I understand - not a native English speaker myself.

Lets look at it like that: Imagine nobody is interested in this coin and only one person decided to invest 1 BTC. When ICO ends this person will receive all 30 minnions coins for 1 BTC. Price per CRAIG will be very small.
Now if 2 persons will be interested and 1 of them will invest 1 BTC and the other one 2 BTCs. After the ICO first one will receive 10 Millions and the second will get 20 Millions (because he invested twice as much). The price per CRAIG in this example will be 3 times bigger than in previous. THerefore we have simplest linear dependency:

More people invest - higher the price of the coin. If people invest 2 times more - price will be up 2 times. If you will invest twice as much - your share of the CRAIGs will be twice as bigger.