Re: [ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P
synechist, I have one question I cannot find or missed maybe... 
let's say some will surely sell their block when trex will be open for that 48h after end of ito...where will those block go? to trex or to the team? or will be destroyed, meaning we, who belive in project and hold them, will own more % at the end?
keep up the good work & gl
cheers
let's say some will surely sell their block when trex will be open for that 48h after end of ito...where will those block go? to trex or to the team? or will be destroyed, meaning we, who belive in project and hold them, will own more % at the end?
keep up the good work & gl
cheers
They will be treated as unsold BLOCK and destroyed.
If enough are unsold for us to not make the minimum of 850 BTC, then all the BTC (and all the altcoins too) will be returned to BLOCK buyers.
Can you tell us that the minum of 850 BTC including Alts sales is reached now? and how much has been sold in total BTC till now? Thank you.
I think so, but the past few days' FUD has put my calculation of these figures on hold.
Also, since Bittrex customers will be able to buy back their BTC in the 48 hours after the ITO ends, there's a chance that we will not end up with 850 BTC even if we have it now.
(On the other hand, the 48 hour refund opportunity means people can now buy BLOCK with no risk of loss, since they can sell if, after the ITO, market sentiment is not positive.)