really hope this thing goes for a least 3 weeks. Ive got 3 grand fiat to spare by then.
due to the unexpectedly large first day, the 3% threshold will be hard to achieve on day 15, so the most likely scenario currently is it will end at the end of day 17. We might be able to justify it lasting until 11:59 PM in the last timezone before the international date line as it was specified in days and not hours.
i am bad with timezones, so hopefully somebody will figure out what this is in GMT adjustment
without the days 18 to 28, this will really reduce the value of the bonus as the average bonus would end up around 12% (adjusting for the large NXT percentage), which is .0103 BTC, with the 1% for expenses the NAV would start at .0102 BTC. The early birds 10x normal day volumes is really skewing the NAV.
Which means anybody that purchases below .0102 BTC would actually have purchased below NAV.
Of course with the multicurrency holdings the NAV is changed by these fluctuations, so these figures are using the invalid assumption of static value for BTCD, NXT and CNY against BTC.
Now, if the BTC community is making a better showing than 1% participation compared to the NXT peoples, this will change by at least 2% and if the funding coming in is able to extend the period to 28 days, then the initial NAV will be closer to .0113 BTC
I am curious to see how the early investor self interest will be reflected in TOKEN sales. If I had the time for such things, I would maybe recommend to the people I know to just buy 1 TOKEN. This is but $5 to support the cause of UNITY
Without some grassroots support for the small purchase, I doubt we will be able to extend past the 17th day. It is only a 10% ROI, so probably not worth worrying about too much, just thought I would explain the numbers and how the starting NAV can be around the .0113 BTC.
Also, maybe it was missed, but I will be recommending for approval to SuperNET assetholders to approve making a NAV bid in BTC to allow for people to sell at NAV in case they forget about HODL. I estimate a high probability of the accepting of this.
James