I want an answer to this.Why don't you get someone from Coingateway on here to give a real statement about the 10% we're ALL missing?
Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK.
And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price. +1,000,000
Why was it valued on the dump? Why not the recent average? Some people were stocking up well in advance of the ITO. They got the shaft, especially when they were holding through the dumps based on claims that an average would be used.
The value of an "average price" depends entirely on one's algorithm for determining the average.
So "nowhere near an average price" is strictly incorrect.
You can reverse engineer the averaging function from the time at trade and the trade rate. Your average was for a 45 minute window at best.
Either that or you took the lower of two ratios, one being a long term average and the other being a short term average.
You shafted SWIFT people here because it dumped the hardest. Other coins like SSD were stable throughout and those people got the fairest deal.
The term "you" here refers to a third party (CoinGateway) with no vested interest in shafting anyone.
In fact, their prime interest is to attract customers, so I very much doubt there'd be any "shafting" going on.
Their algorithm was not disclosed to prevent gaming coins' prices prior to the ITO.
If you're unhappy with the price of SWIFT, please take it up with them. I'm interested to hear their response actually, so by all means post it here.