I'm assuming that at time of offering(or close to it) a snapshot of participating coins values will be taken and a pairing price established for each coin. Shares would then be sold based on that price until the end of the offering.
- The Blocknets initial value during the ITO equates to the following: 10 000 000 shares multiplied by an
initial share price of 0.00025 BTC = 2500 BTC.
Is BTC the only accepted coin to buy BN shares? Could Xcurrency redeem BN shares after its release?
So the usage of Xcurrency is to setup a Xnode and nothing else, right?
XC community have been supporting the team from Day1 and unfortunately the team seems to initial a new business to move on. XC holders' investment will go down the drain？
Let's explain these questions.
Sorry, I feel really bad about recent news.
I believe you can buy in with XC as well as bitcoin.
You can buy with BTC and ANY of the participating currencies. I would think once the valuation is clear for the Blocknet Shares, they would be priced per currency on each currencies current trading value, as I am sure they would do with BTC. I don't know this of course, but suspect the Blocknet share price per coin will be different for each currency you can purchase them with. I can't see how it would make sense any other way, else EVERYBODY would just buy the one currency that got them the most shares for their BTC.
I just started collecting some of them all on the exchanges until it all unfolds. Am a long time holder of XC but all the others are new to me so just started collecting them because of this Blocknet announcement. I will invest in anything the XC crew gives me the opportunity to do so!!