Market capitalization and liquidity (which you're referring to here by "[fiat] flows into the coin") are once again very different things. No coin on the market will sell for its market capitalization because no coin has a single buy order for the entire circulating supply at the market price.

Here's how it really works... for the post and pre swap coins to have equivalent value given the ratio, you need two, and only two things, things:

1. buyers and sellers willing to trade at the appropriate values (market capitalization)
2. enough buyers and sellers to trade at that value to starve buyers and sellers at lower values (liquidity)

That's it. Anyone else suggesting otherwise lacks economic awareness, and yes, there's quite a few people like that running around.

Also, as the coin is proof-of-stake, you need at least double the old coin's circulating supply at the given ratio in the swap's premine to ensure no rouge actors are able to get a majority of the staking power. The team is going to need the 2 billion to keep the new chain stable as large stake holders swap to the new chain. Once that coin is no longer needed, we may consider burning some of it, much like other reputable coins have done. To try to start a new chain without the coin to ensure no one can own the network would be highly irresponsible.

As for the bills, the team runs 20+ VPS of varying resources to provide seeds and explorers for mainnet and testnet, mail, website and other infrastructure. Even at the cheapest configuration on most VPS hosts, you can do the math and know it's not gonna be cheap, and since this old wallet is a beast on memory (a frequent complaint by service providers and individuals hosting core nodes), most of our VPS are not running minimal configurations.

What is expected versus unexpected is usually, in a large way, just a measure of someone's experiences. You didn't know how to calculate our new market capitalization, and honestly, it's still high, you should be around the 1.5 to 2x, not 3x. By the way, any of those are a heck of alot better than the 19x you calculated...

The devil is in the details, right? Look below for a quick breakdown of technology fundamentals:

    The new codebase is a PIVX variant.
    Privacy is available, but will not be activated till issues with Zerocoin implementation are resolved.
    Swap ratio is 200:1, meaning 200 coins on the old chain can be exchanged for 1 coin on the new chain.
    Masternode collateral is 500,000 coins.
    Proof-of-Work, Proof-of-Stake, and Masternodes are supported.
    Proof-of-Work is reserved for coin launch and ends in first 300 blocks. Proof-of-Stake begins at block 301.
    Max coin supply will be 20,000,000,000 XP.
    Premine will be 4,003,000,001 XP, of which 2,000,000,000 is allocated for swapping and other issues like web wallet and Lionbit exit scams. Effective foundation premine will be 10% of supply.
    Block time will be 1 minute.
    Block rewards begin at 1,200 and gradually decrease to 400. See Block Reward and Split chart below.
    Stake versus Masternode split starts at 60% versus 40% and gradually changes to 25% versus 75%.
    Coins are never burned. Stake versus Masternode for transaction fees is 40% versus 60% for the life of the chain.

Hi FalconCoinTalonPower,



, why would you then turn around and sell that new coin at a value less than 200 old coins? I mean, if you want to take a loss, by all means, go for it, but I wouldn't expect most people to want to do that.

  we would make resurrecting the old chain difficult, and I meant every word of it

Hi FalconCoinTalonPower,

I think where your math goes sideways is that the post-swap value in DOGE shouldn't be multiplied by the supply cap. Market capitalization is not calculated that way. It's multiplied against the circulating supply, in this case, 4 billion, keeping in mind that half of that is locked up for development and the other half is for swapping the coin base.

The other thing is that the only way to get the new coin is by exchanging old coin or minting from exchanged coin, and we're not conceding ground on that. If to get a new coin you must give 200 old coin, why would you then turn around and sell that new coin at a value less than 200 old coins? I mean, if you want to take a loss, by all means, go for it, but I wouldn't expect most people to want to do that. Might there be people that are willing to sell the old coin at less than .00134 right now and will sell the new coin for less as a result? Possibly, but I think the coin has found its bottom, and I doubt there will be much of a sell off for natural reasons. Certainly manipulators be manipulators...

Where swaps really run into trouble is when they do one or more of the following...

1. Duplicate coinbase from another chain, essentially making a whole new chain of free money. Hoping it has any relevance to the original coin is a pipe dream because there's nothing at stake.
2. Flood the market with free coin from the new chain. Once again, very bad for valuation. Typically done to attract community. We already have community. Folks are going to have to do real development work to get any coins from the team.
3. Exit scam or in some other way violate swap rule integrity

We're doing none of the above, and we have introduced some innovative and easy-to-reference methods for ensuring that.

This look like an interesting coin, but I'll get some XP after swap, it's a bad deal getting them right now! A 200:1 swap means each coin would cost $0.001. Better waiting the price drop to $0.00005 to $0.00007, that's the real level of a 20 billion coin in a 700 ranking position.

Exactly, Semmy. You are right.
Looks like "new xp team" just want to make an easy money and nothing more.