Quote from: Mortimer452 on August 09, 2014, 06:53:51 PM

Quote from: leber026 on August 09, 2014, 03:12:33 PM

Quote from: SumthngsWrong on August 08, 2014, 02:12:13 PM

New- FC2 received today! 3.8 mil converted to 242k- wow, that's drastic. But, hey- at least we can say our Developers have accomplished the task exactly as they said they would- every step of the way. I like being on-board with this coin.

That seems like a better rate than I had.

I had 2.4 Mil and ended up with 57K.

Does any one know what rate they converted at?

The rate they converted was based on percent of market cap, so proportionally you would still have the same number of coins as you did before.

The old FUEL market cap was about 4.3 billion coins. If you had 430 million FUEL, that would be 10% of the total market cap, thus you would receive 10% of the total market cap of FC2 (10 million coins)

2.4 million = 0.0005581 of total market cap (0.05581%)
0.05581% of 100 million = 55,810

The number above I'm sure is a little different than yours because I don't have exact amounts - but that is where they got ~57k coins from your ~2.4 million. Basically, before the swap you owned 0.05581% of the total FUEL market share, and now you still own the same percent of share in FC2.

A better (and less prone to error) solution probably would have been to figure out a conversion rate as you mentioned - percent market cap of FC2 versus FUEL, which is 0.023255. This number times your FUEL would yield the correct number of FC2.

2.4 million * 0.023255 = 55,812

As to why SumthngsWrong received 242k for his 3.8 million - that definitely does not sound right, he should have received around 88k. I am guessing (hoping?) for a typo somewhere in his post.

Thanks for this great explanation!

Based on this here are the some calculations based on what people received and what they should have received.

Total Fuel Coins 4300000000
FC2 Coins 10000000

Member	# Fuel Coins	FC2 Coins Received	Market Share	FC2 Coins Calculated
Antonio8	39,450	916	0.0009%	91.74418605
SumthngsWrong	3800000	242000	0.0884%	8837.209302
Leber026	2462691	57271	0.0573%	5727.188372

Market Share Fuel = Starting Coins/ Total Fuel Coins
FC2 Calculated = FC2 Coins * Market Share

Did I mess something? Either we have few typo's or people are receiving amounts different than their market share. Can anyone else report their conversion numbers because so far this isn't adding up.

leber026

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