An announcement regarding BTCD Swap rate and bonuses


There has been a lot of discussions about the BTCD swap rate, and whatever the 0.00532 BTC/BTCD rate is enough.

As the community was waiting for the coming announcement, the BTCD price had already climbed near this price. Once the announcement went live, the price had already reached its 'ceiling'. What made things look even worse was the ICO bonus system for BTC investors. Those bonuses would further lower the KMD share BTCD investors would get in the swap. In other words, some people felt that BTC investors have a significant edge, because they have the bonus system and the BTCD holders feel like they didn't get one.

To solve this, the allocation of BTCD in the ICO will be saved from dillution by applying the average bonus the BTC investors got to the swap rate.

Example: Lets say 10000 BTC are collected and 1000 BTC in early investor bonus was taken. That means the average bonus is 10%. This brings the BTCD swap rate to 0,005852.

Another question.
What does BTCD has to do with ICO?
If someone who does not have any BTCD and wishes to buy KMD during ICO, will he have to buy BTCD and swap it for KMD?


When we take into account the bonuses during ICO, we get:

Oct. 15 -           25% bonus  = 0.00425 BTC/BTCD
Oct. 16-22 -      20% bonus  = 0.00443 BTC/BTCD
Oct. 23-29 -      15% bonus  = 0.00462 BTC/BTCD
Oct. 30-Nov 5 - 10% bonus = 0.00483 BTC/BTCD
Nov 6-12 -         5% bonus   = 0.00506 BTC/BTCD
Nov 13-20 -       0% bonus   = 0.00532 BTC/BTCD

I have read the whole fucking thread and i'm still confused what's going on. First, i like James. I have had personal contact with him and i did some stuff for the Supernet network and he seems to be an honest guy full of ideas and devoted to build something.

But i don't know about this. The idea is perfect, but i can fully understand that there are people who are shouting that he didn't finished one of his projects. Maybe he did, i don't know really. I have a lot of BTCD's and maybe i'm gonna dump them or maybe i'm gonna switch them....i don't know. Personally i would like to see something real....and that was not an attack to James, but to all devs out there. ICO this, ICO that, pump here, dump there. ETH completely failing after a promising start (don't get me wrong, i did not invest in it).

The whole crypto currency world is too shady now a days. Hopefully James or any other dev can show us some real thing like Satoshi did in 2009.

I'm interested in what the $value of aveage price in aug was for btcd

We need to wait till Zcash is released to build ontop.

the order I was referring to was there well before his post, and just to be sure: it ain't me selling those 6k BTCD  

WTB Bulk 10k+ BTCD

I would rather do a peer to peer trade than to leave BTC sitting on poloniex and bittrex.

PM me offers please

In which project has coinomat being involved in SuperNET?

Why don't the devs go for a minimum viable product instead of advertising loads of cool features and products that require presently unavailable resources?

As expected. The buy wall disappeared like magic!  

What is project iguana. I can't keep track of all 777's projects. Is there an elevator pitch description somewhere?

Amazing ... is that a tweet from Gavin Andreson praising Iguana, or a private chat log?