The VIDZ cap has been reached so you can no longer swap. It's pretty difficult to estimate what the price of 1 atmos is. This is due to a variety of factors such as round 1 and round 2 will have differing prices as well as considering the burned VIDZ.
How can you have a cap on the VIDZ swap when you know exactly how many VIDZ were created ahead of time, and control exactly how many of the new coin is created? So it was essentially a race to see who burned their VIDZ first? That wasn't rules you mentioned initially. So another bait and switch from you? Why am I not surprised.
The only fair way to handle a swap is to have a set proportion set aside for VIDZ owners.
Does the scammy behavior ever end with you?
Cap on vidz was necessary in order to prevent price manipulation. You had plenty of time to swap even after asphyxia announced, about 10 million vidz were left to swap.
He initially said there were two periods to swap, and never mentioned anything about a cap. It makes no sense for there to be a cap. I don't get how price manipulation factors into this.
There were two periods; People who swapped in round 1, and people who swapped in round 2. I don't blame you if you don't see the reason why the cap was introduced since it requires a bit more effort then at a glance thinking. Firstly, it's worth mentioning the cap wasn't introduced out of the blue. It was introduced exactly at the end of round 1 and allowed for even more VIDZ to be burned so it wasn't as if it was introduced and surprise you can no longer burn VIDZ. Secondly, even after it was introduced if memory serves it took 2 weeks if not more before the cap was actually reached where as a majority of people (on Discord) speculated it would be reached within days if not hours of it being set.
The biggest reason why a cap was introduced is because of the unfortunate events that occurred the only thing giving VIDZ value was its ability to be accepted into Novus and thus it could act as a pre-market speculative token. This gave people a direct financial incentive to game the VIDZ market as a means of speculating on the value of Atmos rather than actually helping us raise BTC. As I said before, honestly speaking since we don't financially benefit from the VIDZ burning it was in our best interest to cap it off to prevent this speculation through VIDZ which would have likely led to us raising a lesser amount.
See my past posts when I was discussing this with drays if you want more context.
If price manipulation was a legitimate concern, all you needed to do was alter the exchange rate of VIDZ for atmos. Such an easy solution that doesn't involve completely shutting out VIDZ holders. Of course, people who are already bought in want you to institute a cap as it benefits them. They don't care about what's fair or makes sense.
I see you're still pretending you're not the one and only purevidz dev. Fair enough, I actually understand that. But its in your best interest to do your best to make VIDZ holders whole or at least not leave them completely holding the bag. If this coin does well and you gain a lot of attention, don't think this unsavory history is going to just disappear based on this weak attempt at dissociating yourself from PV.
You are wrong here...Good bye
