Do you mean that people buying at higher prices cannot sell back into the wall? how does it work? Once you buy at higher prices Blocks are locked?
What about the Bitcoins made due to people selling and getting the refunds? Those are still able to withdraw and then arbitrage buying block back at poloniex. Will you halt Bitcoin withdrawal till the end of the Refund period? This is a big incentive for people to sell into the buy wall and arbitrage at polo.
If they sell their BLOCK they purchased at Bittrex back into the wall at Bittrex they are perfectly welcome to take their BTC and go buy block somewhere else if thats what they choose to do. It is their BTC they can invest how they wish. There are no arbitrage opportunities as BLOCK cannot be withdrawn or deposited from Bittrex.
We maintain an account for the ICO that has the coins that were being sold and the BTC from those sales for our BUY/SELL walls only. It is all tracked through there, volume created by people buying above ICO price does not count towards the ICOs total sales.
The statements above only stand for the 48 hour buy back period.
Thank you,
Ryan @ Bittrex
Thank you for your answers Ryan I disagree with your first point but I understand your position.
Since now we have a block explorer can we have the address where the unsold Blocks are kept till the end of the refund period?
with your second point I understand that the bought Blokcs at higher prices are not part of the ITO does this imply that if they sell back into the refund wall those will not be taken into consideration as "refunds"?
Thank you.